Eagle Materials sees 18% rise in 3Q revenues
02 February 2021
US-based Eagle Materials Inc has reported revenues of US$404.7m in the third quarter of 2020, representing a YoY increase of 18 per cent.
Commenting on the third quarter results, Michael Haack, Eagle Materials president and CEO, said, “Our third quarter results demonstrate the overall resilience of our portfolio. Despite continued pandemic-related economic uncertainty, our wallboard shipments were up nine per cent, a third quarter record for American Gypsum, and our cement shipments were up 28 per cent, reflecting the strong performance of the recently acquired Kosmos Cement Business and the strength of our core markets. We continued to generate strong operating cash flow, which significantly improved our balance sheet and liquidity position providing us with increased financial flexibility.”