US: Eagle Materials Inc has reported a ‘record’ revenue of US$2.3bn in its 2026 Fiscal Year (FY2026), the 12 months to 31 March 2026. The revenue was 2% higher than in FY2025. However, its net earnings fell by 9% year-on-year to US$424m, while its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was US$775m, a fall of 5%.
Commenting on the annual results, Michael Haack, Eagle Materials’ President and CEO, said "Amid geopolitical uncertainty and ongoing fiscal and trade policy disruptions, our combined businesses delivered strong financial, operational and strategic performance in FY2026. We generated record revenue of US$2.3bn, a gross profit margin of 28.3%, and operating cash flow of US$614m.”
Revenue across FY2026 in Eagle Materials’ Heavy Materials sector, which includes cement, concrete and aggregates, as well as joint venture and inter-segment cement revenues, rose by 10% to US$1.6bn. Its annual operating earnings also increased by 10%, to US$341m. Both increases were due primarily to higher cement and aggregates sales volumes, as well as new contributions from the aggregates businesses in Western Pennsylvania and Northern Kentucky that had been acquired during FY2025.
The company’s cement sales volumes rose by 8%, supported by continued growth in public construction activity and large private non-residential projects. The company upgraded its cement plant in Laramie, Wyoming during FY2026 and stated that its modernisation of Mountain Cement is now 60% complete. Commissioning of this project is expected later in 2026.
