Eagle Materials (EXP) FY2016 results: revenue $1.1 billion, up 7.2% on the year
Eagle Materials Inc. (EXP) reported revenue of $1.1 billion for fiscal 2016, the year ended 31 March 2016, up 7.2% on the year before. Net income was $153 million, down 18.3%, and diluted earnings per share $3.05. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2016.
Revenue
$1.1 billion
+7.2% on the year
FY2009FY2016
Operating margin
23.7%
28.3% a year earlier
FY2009FY2016
Net income
$153 million
-18.3% on the year
FY2009FY2016
Diluted EPS
$3.05
-17.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,143
1,066
898
+7.2%
Cost of revenue
912
812
713
+12.3%
Gross profit
232
254
185
-8.9%
Gross margin
20.3%
23.8%
20.6%
Selling, general and administrative
93.3
80.1
74.7
+16.5%
Operating income
271
302
225
-10.5%
Operating margin
23.7%
28.3%
25.0%
Interest expense
16.6
11.7
18.3
+41.2%
Income tax
66.7
66.1
57.6
+0.9%
Net income
153
187
124
-18.3%
Net margin
13.3%
17.5%
13.8%
Diluted EPS
$3.05
$3.71
$2.49
-17.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
266
234
171
+13.5%
Capital expenditure
89.6
112
59.5
-19.7%
Free cash flow
176
123
111
+43.8%
Free cash flow margin
15.4%
11.5%
12.4%
Depreciation and amortisation
97.1
76.3
70.0
+27.3%
Share-based compensation
17.3
13.0
10.1
+33.1%
Buybacks
124
n/a
n/a
Dividends paid
20.0
20.1
19.9
-0.3%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
50m
50m
50m
-0.6%
Shares outstanding at period end
49m
50m
50m
-3.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,041
1,011
831
+3.0%
Debt
508
513
381
-1.0%
Other liabilities
335
359
299
-6.6%
Total liabilities and equity
1,884
1,883
1,512
+0.1%
Fixed assets
1,255
1,222
984
+2.7%
Goodwill
134
133
133
+1.0%
Cash and equivalents
5.4
7.5
6.5
-28.3%
Inventory
244
235
187
+3.5%
Other assets
245
285
201
-14.0%
Total assets
1,884
1,883
1,512
+0.1%
10-K for the year ended 31 March 2016, filed 25 May 2016: the filing.