Eagle revenues soar 19% in Q4
Eagle Materials reported significant growth in its fourth fiscal quarter and full year ended March 31, 2014.
Revenues for the quarter were up 19.3%, totaling $189.9 million. Net earnings were $22.6 million, up from $7.8 million year-over-year.
For the full year, Eagle pulled in sales of $898.4 million, up considerably from 2013's performance of $642.6 million. The company's bottom line also fared well for the year, netting $124.2 million and more than doubling 2013's net income.
Eagle attributed its improved performance to higher sales volumes across the board, especially that of a record-setting cement and wallboard segment. The results are also a reflection of new acquisitions, including two cement plants in Missouri and Oklahoma.