Eagle Materials (EXP) FY2021 results: revenue $1.6 billion, up 15.6% on the year
Eagle Materials Inc. (EXP) reported revenue of $1.6 billion for fiscal 2021, the year ended 31 March 2021, up 15.6% on the year before. Net income was $339 million, up 378.8%, and diluted earnings per share $8.12. The figures are the company's own, from the 10-K it filed with the SEC on 21 May 2021.
Revenue
$1.6 billion
+15.6% on the year
FY2014FY2021
Operating margin
27.5%
27.4% a year earlier
FY2014FY2021
Net income
$339 million
+378.8% on the year
FY2014FY2021
Diluted EPS
$8.12
+383.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
1,623
1,404
1,310
+15.6%
Cost of revenue
1,214
1,061
962
+14.4%
Gross profit
408
343
348
+19.2%
Gross margin
25.2%
24.4%
26.6%
Selling, general and administrative
106
122
91.2
-13.6%
Operating income
446
385
387
+15.7%
Operating margin
27.5%
27.4%
29.5%
Interest expense
44.4
38.4
28.4
+15.6%
Income tax
89.9
24.5
60.3
+267.1%
Net income
339
70.9
68.9
+378.8%
Net margin
20.9%
5.0%
5.3%
Diluted EPS
$8.12
$1.68
$1.47
+383.3%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
643
399
350
+61.0%
Capital expenditure
53.9
132
169
-59.2%
Free cash flow
589
267
181
+120.5%
Free cash flow margin
36.3%
19.0%
13.8%
Cash from investing
37.1
-831
-167
Cash from financing
-530
542
-223
Depreciation and amortisation
129
114
123
+13.7%
Share-based compensation
15.3
19.8
15.1
-22.9%
Buybacks
0.0
314
272
Dividends paid
4.2
17.1
18.9
-75.7%
Dividend per share
$0.10
$0.40
$0.40
-75.0%
Diluted shares, weighted
42m
42m
47m
-1.1%
Shares outstanding at period end
42m
42m
45m
+1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,359
968
1,209
+40.4%
Debt
1,015
1,575
696
-35.6%
Operating lease liabilities
34.4
40.2
n/a
-14.4%
Other liabilities
430
378
263
+13.8%
Total liabilities and equity
2,839
2,961
2,169
-4.1%
Fixed assets
1,659
1,756
1,427
-5.5%
Goodwill
329
332
198
-0.7%
Cash and equivalents
264
119
8.6
+122.1%
Receivables
147
n/a
n/a
Inventory
236
273
275
-13.5%
Other assets
204
482
260
-57.7%
Total assets
2,839
2,961
2,169
-4.1%
10-K for the year ended 31 March 2021, filed 21 May 2021: the filing.