Eagle gets a 23% boost in Q1

Eagle Materials Inc. had a blowout quarter in Q1, with revenues up 23% and net earnings up 21%.

The company deemed revenue of $336.1 million a "record," and net earnings came in at $54.9 million. Net earnings per diluted share were up 22% to $1.13.

These results were largely buoyed by the recently acquired cement plant in Fairborn, Ohio, and negatively impacted by approximately $1.5 million of costs associated with reduced production owing to a plant modification project.

The company's segments also performed well individually. Cement revenues were up 26%, as were Concrete and Aggregates. Gypsum Wallboard and Paperboard revenues were up 9%, and Oil and Gas Proppants was up by 271%.