 | |
| Company type | Public company |
|---|---|
| Traded as | NYSE: EXP S&P 400 component |
| Industry | Building materials |
| Founded | 1963; 61 years ago (1963) |
| Headquarters | Dallas, Texas |
| Key people | David B. Powers, President & CEO D. Craig Kesler, CFO |
| Products | Cement Concrete Construction aggregate Gypsum Wallboard Paperboard Sand for hydraulic fracturing |
| Revenue |  $2.1 billion (2023) |
| Net income | $461.5 million (2023) |
| Total assets | $2.781 billion (2023) |
| Total equity | $1.185 billion (2023) |
| Number of employees | 2,400 (2023) |
| Website | www |
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.
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.
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.
On January 30, 2004, Centex distributed its shares in the company to its shareholders and the company was renamed Eagle Materials Inc.
In May 2005, the company announced a $65 million expansion of its plant in LaSalle, Illinois.
In September 2012, the company acquired plants in Sugar Creek, Missouri and Tulsa, Oklahoma from Lafarge for $446 million.
In October 2014, the company acquired CRS Proppants LLC, a frac sand supplier, for $225 million.
In February 2017, the company acquired a cement plant in Fairborn, Ohio from Cemex for $400 million.
In May 2024, the company began expanding its cement plant in Laramie, Wyoming.
References
- ^ "Eagle Materials Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- "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.
- "Centex completes Eagle Materials spinoff". American City Business Journals. February 2, 2004.
- "Eagle Materials to expand Illinois plant". American City Business Journals. March 14, 2005.
- Twiddy, David (September 26, 2012). "Lafarge agrees to sell cement plants in Sugar Creek, Tulsa". American City Business Journals.
- Horney, Benjamin (October 17, 2014). "Eagle Materials Drops $225M To Acquire Frac Sand Supplier". Law360.
- DiLalo, Matt (May 18, 2017). "An Acquisition Helps Eagle Materials, Inc. Cement a Record Year". Motley Fool.
- "Eagle Materials to expand Laramie plant in Wyoming". Global Cement. 2024-05-20. Retrieved 2024-07-13.
External links
- Business data for Eagle Materials Inc.: