Gypsum industry news

US: Eagle Materials reported sales of US$1.27bn in the first half of the 2026 financial year, up by 3% year-on-year from US$1.23bn. Cost of sales rose by 6% from US$842m to US$888m. Comprehensive earnings fell by 6% from US$277m to US$261m.

The second half of the financial year commences with Eagle Materials ‘well positioned’ to captured an anticipated upswing in demand. In its gypsum business, the company noted a ‘favourable longer-term view’ with ‘significant underbuilding.’ Affordability issues continue to depress single-family residential construction. The business’ key markets of Heartland (central northern US) and Sunbelt (trans-southern US) are both set to continue to grow.

US: Saint-Gobain subsidiary CertainTeed Interior Products Group has successfully doubled the production capacity of its Palatka, Florida, gypsum wallboard plant. The producer says that the expansion has created 110 new jobs at the plant and made it the largest in the world. The project received US$7m in total funding and tax credits from state and county governments.

President and CEO Mark Rayfield called the Palatka plant ‘A vital part of our operations.’

US: Saint-Gobain North America has launched a new programme of partnerships with high schools in US host communities called Sustaining Futures, Raising Communities. The producer will supply partner schools with a curriculum of classes on manufacturing, with accompanying visits to its plants.

The launch follows earlier pilots at schools in Granville, North Carolina, and Shakopee, Minnesota. It will expand to include 10 additional sites in the 2025 – 2026 school year, followed by further planned expansions throughout the US and Canada.

Saint-Gobain North America and CertainTeed President and CEO Mark Rayfield said "Our Sustaining Futures, Raising Communities programme is a win-win for students, the manufacturing industry and local economies. In the manufacturing industry anyone can have a long and successful career, and by bringing manufacturing directly to high schools, we aim to show students the rewarding role they can play in building the future of the industry."

US: Lowe's has concluded a deal to acquire Foundation Building Materials for US$8.8bn. Foundation Building Materials is a distributor of gypsum wallboard and other building products. Baystreet News has reported that the deal marks Lowe's second acquisition in the residential construction segment so far in 2025.

US: Alternative wallboard developer Xeriant has scheduled a limited production run of its recycled plastic and fibre-based Nexboard with a contract producer. Construction & Demolition Recycling News has reported that the production run will take place in August 2025.

Xeriant CEO Keith Duffy said "We are very pleased with the performance of Nexboard's fire resistance and other properties after incorporating our proprietary nanotechnology. We continue to receive strong interest from global construction leaders who are actively seeking non-toxic, fire- and water-resistant alternatives to gypsum wallboard, wood-based and cementitious panels. The latest formulation's success validates years of research and development investment, positioning Xeriant to capture market share in both traditional construction and emerging smart building applications, where performance and sustainability are paramount."

US: Eagle Materials reported revenues of US$635m in the first quarter of the 2026 Fiscal Year (FY2026), up by 4% year-on-year. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA), however, fell by 4%, to US$215m. Its net earnings fell by 8%, to US$123m.

In its gypsum business, the company noted ‘steady’ single-family residential construction demand amid a ‘less clear’ interest rate environment. Revenues rose by 1%, to US$251m, and net earnings remained level year-on-year, at US$102m. Gypsum wallboard sales volumes rose by 4%, to 72.8Mm², while prices dropped by 3%, to US$2.50/m². During the quarter, Eagle Materials commenced the purchase of equipment for its upcoming Duke, Oklahoma, gypsum wallboard plant upgrade and expansion.

Michael Haack, president and CEO, said "Eagle had a solid start to FY2026. Against the current backdrop of ongoing macroeconomic and policy uncertainty as well as adverse weather conditions across many of our markets, our portfolio of businesses continued to perform well, and our end markets remained resilient.”

US: The United States Geological Survey (USGS) has published its first-quarter 2025 gypsum market data, showing a 9% year-on-year decline in domestic gypsum wallboard deliveries, to 574Mm². The data did not include figures for gypsum wallboard production. Gypsum wallboard exports rose by 30% to 24.8Mm², 23.8Mm² (96%) of which went to Canada. Imports totalled 21.4Mm², up by 6%, 20.5Mm² (96%) of which came from Mexico.

The US produced 4.96Mt of natural gypsum during the quarter, down by 1% year-on-year from the first quarter of 2024. Imports remained level at 1.7Mt. Spain supplied 680,000t (40%), Canada 527,000t (31%) and Mexico 425,000t (25%).

US: Roofing products distributor QXO has offered to acquire GMS for US$5bn and said it will proceed with a hostile takeover if GMS rejects or does not engage with the offer by 24 June 2025. In a letter submitting the offer, QXO said that the proffered sum is 27% above GMS's current 60-day volume-weighted average value. GMS distributes gypsum wallboard, other gypsum products and steel framing from 300 distribution centres.

If the acquisition proceeds, it will bring QXO into the interior building materials production business for the first time. In the roofing distribution segment, it acquired Beacon Roofing Supply for US$11bn earlier in 2025.

US: GMS recorded sales of US$5.35bn in the 2025 financial year, down by 6% year-on-year. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 19%, to US$501m. The group noted a fourth-quarter decline in its gypsum wallboard sales of 10%, to US$527m, 40% of group quarterly sales of US$1.33bn.

President and CEO John Turner noted the ‘solid results,’ despite the ‘deterioration in end-market conditions as we moved through the year.’ Looking ahead to the current, 2026 financial year, he said “The ongoing challenging interest rate environment and general market uncertainty continue to be a headwind for the business, contributing to reduced levels of activity in each of our major end markets. We are cautiously optimistic that we are nearing the bottom of this cycle and believe pent-up demand will materialise as the macro-environment improves. Once this market demand returns, we will be well-positioned to capture the opportunity as a leaner and more efficient organisation."

US: USG plans to make a US$4.5m expansion to a mill building at its Jacksonville gypsum wallboard plant in Florida. The plant also produces ceiling tiles and panels and flooring and roofing materials. The Jacksonville Business Journal newspaper has reported that the company has applied to city authorities for a permit for the expansion.