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News Eagle Materials boosts sales and earnings in first nine months of 2023 financial year

Eagle Materials boosts sales and earnings in first nine months of 2023 financial year

Written by Global Cement staff 26 January 2023
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US: Eagle Materials’ consolidated sales were US$1.68bn during the first nine months of its 2023 financial year, up by 16% year-on-year from US$1.45bn in the corresponding period of the 2022 financial year. Its net earnings were US$361m, up by 20% year-on-year from US$300m.

In its cement business, the group noted a drop in volumes and a rise in prices year-on-year during the third quarter of the 2023 financial year. Low inventory levels and ‘difficult weather’ reportedly impacted on demand. The group’s cement volumes fell by 13% year-on-year to 1.7Mt. This resulted in a 2% drop in the cement business’ revenues, to US$256m.

Last modified on 01 February 2023
Published in Global Cement News
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  • Eagle Materials
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