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Eagle Materials sees 18% rise in 3Q revenues

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.”

Eagle Materials Inc (EXP) Q3 2021 Earnings Call Transcript

Operator Good day, everyone, and welcome to Eagle Materials Third Quarter of Fiscal 2021 Earnings Conference Call. This call is being recorded. At this time, I would like to turn the call over to Eagle s President and Chief Executive Officer, Mr. Michael Haack. Mr. Haack, please go ahead, sir. Michael R. Haack President and Chief Executive Officer Thank you, Lisa. Good morning. Welcome to Eagle Materials conference call for our third fiscal quarter of 2021. This is Michael Haack. Joining me today are Craig Kesler, our Chief Financial Officer; and Bob Stewart, Executive Vice President of Strategy, Corporate Development and Communications. We are glad you could be with us today. There will be a slide presentation made in connection with the call. To access it, please go to eaglematerials.com and click on the link to the webcast. While you re accessing the slides, please note that the first slide covers our cautionary disclosure regarding forward-looking statements made during t