Gypsum industry news
Eagle Materials boosts sales and earnings in first nine months of 2023 financial year 26 January 2023
US: Eagle Materials’ consolidated sales were US$1.68bn during the first nine months of its 2023 financial year, up by 16% year-on-year from US$1.45bn in the corresponding period of the 2022 financial year. Its net earnings were US$361m, up by 20% year-on-year from US$300m.
In its gypsum wallboard business, the group noted increased sales volumes and prices, alongside a ‘sharp’ drop in raw material costs, during the third quarter of the 2023 financial year. Its gypsum wallboard volumes rose by 5% year-on-year to 67.6Mm2 during the quarter. This resulted in a 23% rise in the business’ revenues, to US$235m.
Published in
Global Gypsum News
