Eagle Materials

Eagle Materials Inc.
Company typePublic company
NYSE: EXP
S&P 400 component
IndustryBuilding materials
Founded1963; 61 years ago (1963)
Headquarters
Dallas, Texas
Key people
 David B. Powers, President & CEO
D. Craig Kesler, CFO[1]
ProductsCement
Concrete
Construction aggregate
Gypsum
Wallboard
Paperboard
Sand for hydraulic fracturing
RevenueIncrease $2.1 billion (2023)[1]
Increase $461.5 million (2023)[1]
Total assetsIncrease $2.781 billion (2023)[1]
Total equityIncrease $1.185 billion (2023)[1]
Number of employees
2,400 (2023)[1]
Websitewww.eaglematerials.com

Eagle Materials Inc. is an American producer of building materials based in Dallas, Texas. The company produces cement, concrete, construction aggregate, gypsum, wallboard, paperboard, and sand for hydraulic fracturing.[1]

As of 2023, the company operates 7 cement plants, 1 slag grinding facility, 17 cement distribution terminals, five gypsum wallboard plants, 3 frac sand wet processing facilities, 3 frac sand drying facilities, and 6 frac sand trans-load locations.[1]

History

The company was founded in 1963 as a division of Centex Construction Company. Between April 1994 and January 30, 2004, the company was known as Centex Construction Products, Inc.[1]

On January 30, 2004, Centex distributed its shares in the company to its shareholders and the company was renamed Eagle Materials Inc.[2][3]

In May 2005, the company announced a $65 million expansion of its plant in LaSalle, Illinois.[4]

In September 2012, the company acquired plants in Sugar Creek, Missouri and Tulsa, Oklahoma from Lafarge for $446 million.[5]

In October 2014, the company acquired CRS Proppants LLC, a frac sand supplier, for $225 million.[6]

In February 2017, the company acquired a cement plant in Fairborn, Ohio from Cemex for $400 million.[7]

In May 2024, the company began expanding its cement plant in Laramie, Wyoming.[8]

References

  1. ^ a b c d e f g h i "Eagle Materials Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Spin-Off of Centex Construction Products Completed; Name Will Change to Eagle Materials Inc" (PDF) (Press release). PRNewswire. January 30, 2004. Archived from the original (PDF) on November 7, 2017. Retrieved October 30, 2017.
  3. ^ "Centex completes Eagle Materials spinoff". American City Business Journals. February 2, 2004.
  4. ^ "Eagle Materials to expand Illinois plant". American City Business Journals. March 14, 2005.
  5. ^ Twiddy, David (September 26, 2012). "Lafarge agrees to sell cement plants in Sugar Creek, Tulsa". American City Business Journals.
  6. ^ Horney, Benjamin (October 17, 2014). "Eagle Materials Drops $225M To Acquire Frac Sand Supplier". Law360.
  7. ^ DiLalo, Matt (May 18, 2017). "An Acquisition Helps Eagle Materials, Inc. Cement a Record Year". Motley Fool.
  8. ^ "Eagle Materials to expand Laramie plant in Wyoming". Global Cement. 2024-05-20. Retrieved 2024-07-13.
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