Eagle Materials (EXP) FY2024 results: revenue $2.3 billion, up 5.2% on the year
Eagle Materials Inc. (EXP) reported revenue of $2.3 billion for fiscal 2024, the year ended 31 March 2024, up 5.2% on the year before. Net income was $478 million, up 3.5%, and diluted earnings per share $13.61. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2024.
Revenue
$2.3 billion
+5.2% on the year
FY2017FY2024
Operating margin
31.7%
31.4% a year earlier
FY2017FY2024
Net income
$478 million
+3.5% on the year
FY2017FY2024
Diluted EPS
$13.61
+9.2% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
564
542
517
+4.1%
Capital expenditure
120
110
74.1
+9.2%
Free cash flow
444
432
443
+2.8%
Free cash flow margin
19.6%
20.1%
23.8%
Cash from investing
-175
-269
-74.1
Cash from financing
-369
-277
-692
Depreciation and amortisation
150
139
129
+8.1%
Share-based compensation
19.9
17.2
14.3
+16.0%
Buybacks
343
388
590
-11.5%
Dividends paid
35.3
37.5
30.8
-5.9%
Dividend per share
$1.00
$1.00
$0.75
0.0%
Diluted shares, weighted
35m
37m
41m
-5.3%
Shares outstanding at period end
34m
36m
39m
-4.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,309
1,186
1,134
+10.4%
Debt
1,102
1,100
1,106
+0.3%
Operating lease liabilities
19.0
24.9
29.2
-23.7%
Other liabilities
517
471
311
+9.8%
Total liabilities and equity
2,947
2,781
2,580
+6.0%
Fixed assets
1,676
1,662
1,617
+0.9%
Goodwill
393
381
329
+3.1%
Cash and equivalents
34.9
15.2
19.4
+129.1%
Receivables
203
195
176
+4.1%
Inventory
374
292
237
+28.1%
Other assets
266
236
202
+12.9%
Total assets
2,947
2,781
2,580
+6.0%
10-K for the year ended 31 March 2024, filed 22 May 2024: the filing.