Eagle gets double-digit results in Q4

Eagle Materials Inc. made double-digit progress with its revenue in the fourth quarter, even as it backtracked with regard to net income.

The company reported "record" revenues of $278.7 million, up 11% year-over-year.

Net earnings slid behind last year by 7.4%, however, to $36.3 million.

The fourth quarter earnings were also impacted by about $9.4 million due to acquisition-related costs from purchasing the Fairborn Business.

Segment-wise, Cement saw a 19% increase in operating earnings, and a 17% increase in revenue.

Concrete and Aggregates were up 28% in revenue and 99% in operating earnings; Gypsum Wallboard and Paperboard was down 2% in revenue and down 13% in operating earnings.

Meanwhile, the Oil and Gas Proppants business saw revenues increase 98% during the quarter.

For the full fiscal year, the company also reported "record" revenues of $1.2 billion (up 6%), as well as net earnings up 29.9% to $198.2 million.