The following is a summary of the Eagle Materials Inc. (EXP) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Eagle Materials Inc. reported a record revenue of $2.3 billion for the FY 2024.

• A record diluted EPS of $13.61 was achieved by the company for the FY 2024.

• Operating cash flows were at $564 million.

• Gross margins expanded by 50 basis points to 30.3%.

• Capital expenditure for the next year is projected to be between $310 million to $340 million.

• Start-up costs associated with the new slag-cement facility amounted to around $700,000 to $800,000 for this quarter.

Business Progress:

• Environment stewardship efforts have led to a transition to Portland Limestone Cement and a 23% water consumption cut.

• A new slag grinding facility has been launched through a joint venture.

• The company returned $343 million to shareholders via share repurchases and dividends in the FY 2024.

• Major modernization plans for the Mountain Cement facility are underway, with completion expected by 2026.

• An increase in cement prices are planned across multiple markets throughout the year.

• The opening of a slag cement facility, expected by late summer, can produce an additional 500,000 tons of product.

• The company is well positioned for growth with operational efficiency as a key focus, maintaining over 90% throughput in cement plants.

• Despite adverse weather conditions, the company looks forward to volume growth in the second half of 2025.

More details: Eagle Materials IR

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