US: Eagle Materials grew its sales in the first half of the 2025 financial year, which began on 1 April 2024, by 0.7% year-on-year. This resulted in revenues of US$1.23bn for the six-month period. The company’s earnings before interest and taxation (EBIT) also rose, by 1.5% year-on-year to US$378m. Its gypsum wallboard segment generated revenues of US$433m, up by 1%, with 1% growth in volumes, to 140Mm2.
President and CEO Michael Haack said “Eagle’s portfolio of businesses continued to perform well, despite ongoing adverse weather during the second quarter of the present financial year. We used our strong cashflow to continue advancing our long-term growth and value-creation strategies. We remain optimistic about our near-term and future opportunities and confident in our ability to execute on them. The current economic environment is constructive for our businesses. Employment is strong, recent inflation data should support a more accommodative monetary environment, spending from the Infrastructure Investment and Jobs Act is still in the beginning phases and housing supply remains chronically short because of decade-long production deficits.”
