US: Eagle Materials’ sales revenue rose by 18% year-on-year to US$742m in the six months to September 2017 from US$630m in the same period of 2016. The revenue from its wholly owned cement business rose by 24% to US$311m. Overall cement sales volumes rose by 14% to 3.08Mt from 2.7Mt. The cement and gypsum wallboard producer benefitted from the acquisition of a cement plant in Fairborn, Ohio as well as increased net sales prices across most of its businesses.
"Eagle Materials' quarterly results reflect hurricane and other weather-related operational and demand interruptions. We were more fortunate than many, as our employees remained safe and our operations incurred no damage. Eagle is poised to serve our customers' additional needs as they meet the challenges of rebuilding over the coming quarters," said Dave Powers, president and chief executive officer (CEO) of Eagle Materials.
