Eagle Materials (EXP) FY2020 results: revenue $1.4 billion, up 7.2% on the year
Eagle Materials Inc. (EXP) reported revenue of $1.4 billion for fiscal 2020, the year ended 31 March 2020, up 7.2% on the year before. Net income was $71 million, up 3.0%, and diluted earnings per share $1.68. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2020.
Revenue
$1.4 billion
+7.2% on the year
FY2013FY2020
Operating margin
27.4%
29.5% a year earlier
FY2013FY2020
Net income
$71 million
+3.0% on the year
FY2013FY2020
Diluted EPS
$1.68
+14.3% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,404
1,310
1,387
+7.2%
Cost of revenue
1,061
962
1,048
+10.3%
Gross profit
343
348
339
-1.6%
Gross margin
24.4%
26.6%
24.4%
Selling, general and administrative
122
91.2
104
+34.4%
Operating income
385
387
382
-0.4%
Operating margin
27.4%
29.5%
27.6%
Interest expense
38.4
28.4
27.6
+35.4%
Income tax
24.5
60.3
15.3
-59.3%
Net income
70.9
68.9
257
+3.0%
Net margin
5.0%
5.3%
18.5%
Diluted EPS
$1.68
$1.47
$5.28
+14.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
399
350
338
+14.0%
Capital expenditure
132
169
132
-21.8%
Free cash flow
267
181
206
+47.3%
Free cash flow margin
19.0%
13.8%
14.8%
Cash from investing
-831
-167
-169
Cash from financing
542
-223
-127
Depreciation and amortisation
114
123
114
-7.4%
Share-based compensation
19.8
15.1
14.1
+31.2%
Buybacks
314
272
61.1
+15.4%
Dividends paid
17.1
18.9
19.4
-9.4%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
42m
47m
49m
-9.9%
Shares outstanding at period end
42m
45m
48m
-7.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
968
1,209
1,418
-20.0%
Debt
1,575
696
626
+126.1%
Operating lease liabilities
40.2
n/a
n/a
Other liabilities
378
263
324
+43.6%
Total liabilities and equity
2,961
2,169
2,368
+36.5%
Fixed assets
1,756
1,427
1,595
+23.1%
Goodwill
332
198
205
+67.2%
Cash and equivalents
119
8.6
9.3
+1,279.5%
Inventory
273
275
258
-1.0%
Other assets
482
260
300
+85.3%
Total assets
2,961
2,169
2,368
+36.5%
10-K for the year ended 31 March 2020, filed 22 May 2020: the filing.