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News Displaying items by tag: volumes

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Eagle Materials raises sales in first half of 2025 financial year

29 October 2024

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.”

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IMARC Group forecasts 2.6% composite annual growth rate in North American gypsum market up to 2023

11 March 2024

North America: Market research company IMARC Group has quantified the North American gypsum wallboard market at 2.9Bnm2 in 2023. In a report detailing the outlook for the nine years up to 2032, IMARC Group forecast a composite annual growth rate (CAGR) of 2.6%, resulting in sales volumes of 3.6Bnm2 in 2032.

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US gypsum wallboard consumption falls slightly in 2023

01 February 2024

US: National consumption of gypsum wallboard dropped by 4.3% year-on-year to 2.51Mm2 in 2023, according to United States Geological Survey (USGS) data. Demand for natural gypsum was 45Mt, up by 3% from 43.7Mt in 2022. The market imported 8.1Mt of gypsum throughout the year, up by 18% year-on-year.

Domestic production of crude gypsum in the US dropped by 1.3% year-on-year in 2023, to 22Mt. Exports grew by 15% to 45,000t.

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Eagle Materials raises sales in first nine months of 2024 financial year

25 January 2024

US: Eagle Materials recorded sales of US$1.78bn in the first nine months of the 2024 financial year. This corresponds to a rise of 6.2% year-on-year from the corresponding period of the 2023 financial year. The producer’s light materials sales fell by 4.6% to US$703m, and its gypsum wallboard sales volumes fell by 4% to 206Mm2. The group raised its net earnings by 11% to US$401m.

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US Geological Survey records slight drop in natural gypsum production in first nine months of 2023

14 December 2023

US: The US Geological Survey reported domestic natural gypsum production volumes of 16.3Mt during the first nine months of 2023, down by 0.3% year-on-year from 16.4Mt during the corresponding part of 2022. Meanwhile, calcined gypsum production volumes grew by 1.2%, to 14Mt from 13.8Mt. Throughout the period, the US imported 5.91Mt of crude gypsum, up by 35% year-on-year. Spain supplied 2.4Mt (41%) of imports, followed by Mexico with 1.7Mt (29 %) and Canada with 1.56Mt (26%).

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BNBM’s income and profits grow in the first half of 2023

30 August 2023

China: Beijing New Building Materials (BNBM)’s operating income grew by 9% year-on-year to US$1.57bn in the first half of 2023, from US$1.44bn in the same period in 2022. Its net profit increased by 19% to US$251m from US$211m. The company said that it had a total gypsum wallboard production capacity of 3.4Bnm2/yr and that it was the world’s largest gypsum board group.

Parent company China National Building Material (CNBM) reported separately that its total sales of gypsum wallboard remained stable in the first half of 2023, at 1.09Bnm2. It said “The supply of gypsum board is stable, but affected by the weak operation of the real estate market. The demand is insufficient and the operation of the industry is under pressure.” It added that BNBM built four “nearly zero emission” gypsum board production lines in the reporting period.

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Azerbaijan's gypsum production rises in the first half of 2023

14 July 2023

Azerbaijan: Total national gypsum production was 36,500t during the first half of 2023, according to the State Statistics Committee. This corresponds to a 96% year-on-year rise from first-half 2022 levels.

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US gypsum wallboard production drops in first quarter of 2023

02 June 2023

US: The US gypsum wallboard industry produced 623Mm2 of gypsum wallboard during the first quarter of 2023, down by 1% year-on-year and by 1.2% quarter-on-quarter. The industry exported 20.1Mm2 of gypsum wallboard in the quarter under review, corresponding to 19% year-on-year growth. Canada received 19Mm2 of the product, 94% of total exports for the quarter.

United States Geological Survey (USGS) data show 4% year-on-year growth in US gypsum wallboard imports. The country imported 23Mm2 during the year, 20.9Mm2 (91%) of it from Mexico and 1.84Mm2 (8%) from Canada. Total calcined gypsum consumption was 4.66Mt in the US in the first quarter of 2023, up by 9.9% year-on-year from 4.24Mt in the first quarter of 2022.

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Eagle Materials increases sales and earnings in 2022

19 May 2023

US: Eagle Materials reported sales of US$2.1bn in 2022, up by 15% year-on-year from 2021 levels. The producer's earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 19% to US$782m. Its light materials sales, including gypsum wallboard, rose by 22% to US$981m. Sales volumes of gypsum wallboard rose by 4% to 87.8Mm3, while it raised prices by 17% to US$8.46/m3.

President and CEO Michael Haack said "Looking ahead, we anticipate continued attractive fundamentals in our markets, despite headwinds relating to higher interest rates and affordability constraints in single-family residential construction. Among the favourable demand factors we expect will affect our results in future periods are projected funding increases for infrastructure projects and healthy demand for heavy industrial projects and multi-family residential construction. We remain well-positioned to capitalise on these conditions, given our geographical footprint across the (Central) US Heartland and fast-growing Sun Belt (Southern US) and our financial strength and flexibility."

Published in Global Gypsum News
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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.

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