Eagle Materials reports record $2.3B FY2026 revenue but net earnings decline 9%

Eagle Materials achieved record annual revenue of $2.3 billion with 2% growth and returned $414 million to shareholders through buybacks and dividends, but net earnings fell 9% to $423.8 million and adjusted EBITDA declined 5% amid geopolitical and policy uncertainty. The company ended with net leverage of 1.9x and maintains financial flexibility, though declining profitability metrics and margin compression signal operational headwinds despite volume growth in cement and aggregates.