Eagle Materials (EXP) FY2019 results: revenue $1.3 billion, down 5.5% on the year
Eagle Materials Inc. (EXP) reported revenue of $1.3 billion for fiscal 2019, the year ended 31 March 2019, down 5.5% on the year before. Net income was $69 million, down 73.2%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2019.
Revenue
$1.3 billion
-5.5% on the year
FY2012FY2019
Operating margin
29.5%
27.6% a year earlier
FY2012FY2019
Net income
$69 million
-73.2% on the year
FY2012FY2019
Diluted EPS
$1.47
-72.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,310
1,387
1,211
-5.5%
Cost of revenue
962
1,048
899
-8.2%
Gross profit
348
339
312
+2.8%
Gross margin
26.6%
24.4%
25.8%
Selling, general and administrative
91.2
104
90.9
-12.1%
Operating income
387
382
354
+1.2%
Operating margin
29.5%
27.6%
29.3%
Interest expense
28.4
27.6
22.6
+2.7%
Income tax
60.3
15.3
96.3
+293.2%
Net income
68.9
257
198
-73.2%
Net margin
5.3%
18.5%
16.4%
Diluted EPS
$1.47
$5.28
$4.10
-72.2%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
350
338
332
+3.7%
Capital expenditure
169
132
56.9
+28.0%
Free cash flow
181
206
275
-11.8%
Free cash flow margin
13.8%
14.8%
22.7%
Cash from investing
-167
-169
-457
Cash from financing
-223
-127
127
Depreciation and amortisation
123
114
91.8
+7.5%
Share-based compensation
15.1
14.1
12.1
+7.3%
Buybacks
272
61.1
60.0
+345.3%
Dividends paid
18.9
19.4
19.3
-2.6%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
47m
49m
48m
-3.5%
Shares outstanding at period end
45m
48m
48m
-6.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,209
1,418
1,203
-14.7%
Debt
696
626
693
+11.2%
Other liabilities
263
324
351
-18.7%
Total liabilities and equity
2,169
2,368
2,247
-8.4%
Fixed assets
1,427
1,595
1,547
-10.6%
Goodwill
198
205
198
-3.3%
Cash and equivalents
8.6
9.3
6.6
-7.7%
Inventory
275
258
253
+6.6%
Other assets
260
300
243
-13.3%
Total assets
2,169
2,368
2,247
-8.4%
10-K for the year ended 31 March 2019, filed 23 May 2019: the filing.