Eagle Materials (EXP) FY2018 results: revenue $1.4 billion, up 14.5% on the year
Eagle Materials Inc. (EXP) reported revenue of $1.4 billion for fiscal 2018, the year ended 31 March 2018, up 14.5% on the year before. Net income was $257 million, up 29.5%, and diluted earnings per share $5.28. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2019.
Revenue
$1.4 billion
+14.5% on the year
FY2011FY2018
Operating margin
27.6%
29.3% a year earlier
FY2011FY2018
Net income
$257 million
+29.5% on the year
FY2011FY2018
Diluted EPS
$5.28
+28.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,387
1,211
1,143
+14.5%
Cost of revenue
1,048
899
912
+16.5%
Gross profit
339
312
232
+8.6%
Gross margin
24.4%
25.8%
20.3%
Selling, general and administrative
104
90.9
93.3
+14.1%
Operating income
382
354
271
+7.8%
Operating margin
27.6%
29.3%
23.7%
Interest expense
27.6
22.6
16.6
+22.1%
Income tax
15.3
96.3
66.7
-84.1%
Net income
257
198
153
+29.5%
Net margin
18.5%
16.4%
13.3%
Diluted EPS
$5.28
$4.10
$3.05
+28.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
338
332
266
+1.8%
Capital expenditure
132
56.9
89.6
+131.8%
Free cash flow
206
275
176
-25.1%
Free cash flow margin
14.8%
22.7%
15.4%
Cash from investing
-169
-457
n/a
Cash from financing
-127
127
n/a
Depreciation and amortisation
114
91.8
97.1
+24.2%
Share-based compensation
14.1
12.1
17.3
+16.7%
Buybacks
61.1
60.0
124
+1.8%
Dividends paid
19.4
19.3
20.0
+0.5%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
49m
48m
50m
+0.6%
Shares outstanding at period end
48m
48m
49m
-0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,418
1,203
1,041
+17.8%
Debt
626
693
508
-9.6%
Other liabilities
324
351
335
-7.7%
Total liabilities and equity
2,368
2,247
1,884
+5.4%
Fixed assets
1,595
1,547
1,255
+3.1%
Goodwill
205
198
134
+3.4%
Cash and equivalents
9.3
6.6
5.4
+42.0%
Inventory
258
253
244
+2.1%
Other assets
300
243
245
+23.7%
Total assets
2,368
2,247
1,884
+5.4%
10-K for the year ended 31 March 2018, filed 23 May 2019: the filing.