Eagle Materials (EXP) FY2023 results: revenue $2.1 billion, up 15.4% on the year
Eagle Materials Inc. (EXP) reported revenue of $2.1 billion for fiscal 2023, the year ended 31 March 2023, up 15.4% on the year before. Net income was $462 million, up 23.3%, and diluted earnings per share $12.46. The figures are the company's own, from the 10-K it filed with the SEC on 19 May 2023.
Revenue
$2.1 billion
+15.4% on the year
FY2016FY2023
Operating margin
31.4%
29.7% a year earlier
FY2016FY2023
Net income
$462 million
+23.3% on the year
FY2016FY2023
Diluted EPS
$12.46
+36.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
542
517
643
+4.7%
Capital expenditure
110
74.1
53.9
+48.6%
Free cash flow
432
443
589
-2.6%
Free cash flow margin
20.1%
23.8%
36.3%
Cash from investing
-269
-74.1
37.1
Cash from financing
-277
-692
-530
Depreciation and amortisation
139
129
129
+7.6%
Share-based compensation
17.2
14.3
15.3
+20.3%
Buybacks
388
590
0.0
-34.3%
Dividends paid
37.5
30.8
4.2
+21.9%
Dividend per share
$1.00
$0.75
$0.10
+33.3%
Diluted shares, weighted
37m
41m
42m
-9.5%
Shares outstanding at period end
36m
39m
42m
-7.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,186
1,134
1,359
+4.6%
Debt
1,100
1,106
1,015
-0.6%
Operating lease liabilities
24.9
29.2
34.4
-14.6%
Other liabilities
471
311
430
+51.5%
Total liabilities and equity
2,781
2,580
2,839
+7.8%
Fixed assets
1,662
1,617
1,659
+2.8%
Goodwill
381
329
329
+15.7%
Cash and equivalents
15.2
19.4
264
-21.5%
Receivables
195
176
147
+10.7%
Inventory
292
237
236
+23.3%
Other assets
236
202
204
+17.1%
Total assets
2,781
2,580
2,839
+7.8%
10-K for the year ended 31 March 2023, filed 19 May 2023: the filing.