US: Eagle Materials’ sales revenue from gypsum wallboard fell in the first quarter of its 2024 financial year due to declining wallboard sales volumes. The revenue from its Light Materials division dropped by 2% year-on-year to US$242m in the quarter to 30 June 2023 from US$248m in the same period in 2022. The company blamed this on lower gypsum wallboard sales volumes, although it was partially offset by higher prices. Its wallboard sales volumes declined by 4% to around 71Mm2 from 74Mm2. However, its earnings from its Light Materials division rose by 12% to US$98.1m from US$87.9m. Overall, the company’s total revenue grew by 7% to US$602m driven by strong cement sales volumes and higher prices.
