Eagle Materials (EXP) FY2014 results: revenue $898 million, up 39.8% on the year
Eagle Materials Inc. (EXP) reported revenue of $898 million for fiscal 2014, the year ended 31 March 2014, up 39.8% on the year before. Net income was $124 million, up 115.2%, and diluted earnings per share $2.49. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2014.
Revenue
$898 million
+39.8% on the year
FY2009FY2014
Operating margin
25.0%
20.9% a year earlier
FY2009FY2014
Net income
$124 million
+115.2% on the year
FY2009FY2014
Diluted EPS
$2.49
+104.1% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
898
643
495
+39.8%
Cost of revenue
713
539
455
+32.2%
Gross profit
185
103
40.5
+79.6%
Gross margin
20.6%
16.1%
8.2%
Selling, general and administrative
74.7
63.1
47.3
+18.5%
Operating income
225
135
69.4
+67.0%
Operating margin
25.0%
20.9%
14.0%
Interest expense
18.3
15.8
16.6
+15.5%
Income tax
57.6
26.4
3.2
+118.4%
Net income
124
57.7
18.7
+115.2%
Net margin
13.8%
9.0%
3.8%
Diluted EPS
$2.49
$1.22
$0.42
+104.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
171
124
60.9
+37.2%
Capital expenditure
59.5
53.0
26.1
+12.2%
Free cash flow
111
71.4
34.8
+55.7%
Free cash flow margin
12.4%
11.1%
7.0%
Cash from investing
n/a
-506
-26.1
Cash from financing
n/a
379
-30.1
Depreciation and amortisation
70.0
56.9
50.1
+23.2%
Share-based compensation
10.1
9.0
5.5
+12.6%
Dividends paid
19.9
18.5
17.9
+7.4%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
50m
47m
45m
+5.5%
Shares outstanding at period end
50m
50m
45m
+1.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
831
696
473
+19.4%
Debt
381
489
267
-22.1%
Other liabilities
299
291
246
+2.7%
Total liabilities and equity
1,512
1,476
985
+2.4%
Fixed assets
984
986
581
-0.2%
Goodwill
133
133
133
0.0%
Cash and equivalents
6.5
3.9
6.5
+66.3%
Inventory
187
156
124
+19.6%
Other assets
201
198
142
+1.9%
Total assets
1,512
1,476
985
+2.4%
10-K for the year ended 31 March 2014, filed 23 May 2014: the filing.