Eagle Materials (EXP) FY2017 results: revenue $1.2 billion, up 5.9% on the year
Eagle Materials Inc. (EXP) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 March 2017, up 5.9% on the year before. Net income was $198 million, up 29.9%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2019.
Revenue
$1.2 billion
+5.9% on the year
FY2010FY2017
Operating margin
29.3%
23.7% a year earlier
FY2010FY2017
Net income
$198 million
+29.9% on the year
FY2010FY2017
Diluted EPS
$4.10
+34.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,211
1,143
1,066
+5.9%
Cost of revenue
899
912
812
-1.4%
Gross profit
312
232
254
+34.7%
Gross margin
25.8%
20.3%
23.8%
Selling, general and administrative
90.9
93.3
80.1
-2.5%
Operating income
354
271
302
+30.9%
Operating margin
29.3%
23.7%
28.3%
Interest expense
22.6
16.6
11.7
+36.5%
Income tax
96.3
66.7
66.1
+44.5%
Net income
198
153
187
+29.9%
Net margin
16.4%
13.3%
17.5%
Diluted EPS
$4.10
$3.05
$3.71
+34.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
332
266
234
+24.8%
Capital expenditure
56.9
89.6
112
-36.4%
Free cash flow
275
176
123
+55.9%
Free cash flow margin
22.7%
15.4%
11.5%
Cash from investing
-457
n/a
n/a
Cash from financing
127
n/a
n/a
Depreciation and amortisation
91.8
97.1
76.3
-5.5%
Share-based compensation
12.1
17.3
13.0
-30.4%
Buybacks
60.0
124
n/a
-51.4%
Dividends paid
19.3
20.0
20.1
-3.4%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
48m
50m
50m
-3.4%
Shares outstanding at period end
48m
49m
50m
-0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,203
1,041
1,011
+15.7%
Debt
693
508
513
+36.4%
Other liabilities
351
335
359
+4.6%
Total liabilities and equity
2,247
1,884
1,883
+19.3%
Fixed assets
1,547
1,255
1,222
+23.2%
Goodwill
198
134
133
+48.2%
Cash and equivalents
6.6
5.4
7.5
+21.7%
Inventory
253
244
235
+3.8%
Other assets
243
245
285
-1.2%
Total assets
2,247
1,884
1,883
+19.3%
10-K for the year ended 31 March 2017, filed 23 May 2019: the filing.