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]
 | |
| Company type | Public company |
|---|---|
| NYSE: EXP S&P 400 component | |
| Industry | Building materials |
| Founded | 1963 |
| Headquarters | |
Key people | David B. Powers, President & CEO D. Craig Kesler, CFO[1] |
| Products | Cement Concrete Construction aggregate Gypsum Wallboard Paperboard Sand for hydraulic fracturing |
| Revenue |  $2.1 billion (2023)[1] |
| $461.5 million (2023)[1] | |
| Total assets | $2.781 billion (2023)[1] |
| Total equity | $1.185 billion (2023)[1] |
Number of employees | 2,400 (2023)[1] |
| Website | www |
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
editThe 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
edit- ^ a b c d e f g h i "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
edit- Business data for Eagle Materials Inc.: