Eagle Materials revenue rises slightly in first half of 2016
Eagle Materials revenue has risen by 2.6% year-on-year to US$630m in the first half of 2016 from US$614m in the same period of 2015. Its net earnings rose by 56% to US$106m from US$67.6m. Revenue from its cement business rose by 10% to US$252m from US$229m. The company singled out the strong performance of its cement business in the second quarter of 2016 with record earnings.
However, it also noted that average net cement sales price at its joint venture declined year-on-year due to the shift from oil well cement to construction-grade cement over the past year. Overall cement sales volumes remained static at 2.23Mt in the first half of 2016.
"I was surprised by the large number of participants in the Conference. It indicates that the cement industry is interested in the demand of cement, which very closely connected to the s...
Michael Weingaertler, construction market expert, Austrian Institute of Economic Research (WIFO), Austria
"Well-organised, excellent speakers and high participation — a very beneficial event!"