US: Eagle Materials’ wallboard sales volumes fell by 4% year-on-year to 64.6Mm2 in the third quarter of its financial year to 31 December 2021 from 67.5Mm2 in the same period in 2020. The company blamed this on ongoing homebuilder supply chain difficulties and reported that its “order pace improved during the quarter.” Despite this revenue and earnings from its Light Materials division grew in the quarter.
For the nine months to 31 December 2021 the company’s Light Materials division revenue grew by 25% year-on-year to US$584m from US$469m in the same period in 2020. Gypsum wallboard sales volumes rose by 2% to 204Mm2 from 200Mm2. Earnings from the division increased by 40% to US$197m from US$140m. Overall company revenue grew by 13% to US$1.45bn from US$1.28bn.
