Eagle Materials Q4: Tops Street Expectations, 14% Topline Growth & More
Portfolio Pulse from Akanksha Bakshi
Eagle Materials Inc. (EXP) reported Q4 FY23 revenue growth of 13.8% YoY to $470.13 million, beating the consensus of $455.38 million. EPS improved 47% YoY to $2.79, above the consensus of $2.28. The company repurchased 528,000 shares for $74 million during the quarter.
May 18, 2023 | 1:55 pm
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Eagle Materials reported better-than-expected Q4 FY23 results with 13.8% YoY revenue growth and 47% YoY EPS improvement. The company repurchased 528,000 shares for $74 million during the quarter.
Eagle Materials reported strong Q4 FY23 results, beating both revenue and EPS expectations. This positive news is likely to boost investor confidence and drive the stock price up in the short term. The company's share repurchase program also signals management's confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100