Eagle Materials Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net earnings of $7.8 million or $0.16 basic and diluted earnings per share on revenues of $159.1 million compared to net earnings of $9 million or $0.20 basic and diluted earnings per share on revenues of $116.8 million for the corresponding period last year. Fourth quarter results were impacted by non-routine items of approximately $2.4 million or $0.04 per share, which included the remaining costs associated with finalizing the acquisition of the Recently Acquired Assets and litigation costs related to lawsuit against the IRS. Additionally, fourth quarter cement earnings were impacted by approximately $14 million or $0.21 per share, associated with annual maintenance costs at the Recently Acquired Assets. Start-up costs associated with recently completed frac sand facility in Corpus Christi were $1 million or $0.01 per share. Earnings before income taxes were $10.8 million against $12.6 million for the same period last year. For the year, the company reported net earnings of $57.7 million or $1.22 diluted earnings per share on revenues of $642.6 million compared to net earnings of $18.7 million or $0.42 diluted earnings per share on revenues of $495 million for the prior year. Earnings before income taxes were $84.1 million against $21.9 million for the last year. Fiscal 2013 earnings before interest and income taxes increased 146%, reflecting improved sales volumes across all heritage businesses and higher net sales prices across all businesses, excluding Paperboard, as compared to the prior year. The company generated $124.4 million of cash flow from operations, a 104% increase from the prior year.

Eagle Materials Inc.(NYSE:EXP) added to S&P MidCap 400 Index

Eagle Materials Inc.(NYSE:EXP) added to S&P Midcap 400 Sector Indices - Materials Sector Index