Form 8-K

8-K — EAGLE MATERIALS INC

Accession: 0001193125-26-229599

Filed: 2026-05-19

Period: 2026-05-19

CIK: 0000918646

SIC: 3241 (CEMENT, HYDRAULIC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d129453d8k.htm (Primary)

EX-99.1 (d129453dex991.htm)

GRAPHIC (g129453g54o31.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: d129453d8k.htm · Sequence: 1

8-K

EAGLE MATERIALS INC CHX false 0000918646 0000918646 2026-05-19 2026-05-19 0000918646 exch:XNYS 2026-05-19 2026-05-19 0000918646 exch:XCHI 2026-05-19 2026-05-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 19, 2026

Eagle Materials Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

1-12984

75-2520779

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5960 Berkshire Ln., Suite 900

Dallas, Texas

75225

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (214) 432-2000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, $0.01 par value

EXP

New York Stock Exchange

Common Stock, $0.01 par value

EXP

NYSE Texas, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition

On May 19, 2026, Eagle Materials Inc., a Delaware corporation (“Eagle”), announced its results of operations for the quarter and fiscal year ended March 31, 2026. A copy of Eagle’s earnings press release announcing these results is being furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits

Exhibit

Number

Description

99.1

Earnings Press Release dated May 19, 2026 issued by Eagle Materials Inc. (announcing quarterly and fiscal-year-end operating results)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EAGLE MATERIALS INC.

By:

/s/ D. Craig Kesler

D. Craig Kesler

Executive Vice President - Finance and Administration and Chief Financial Officer

Date: May 19, 2026

EX-99.1

Filename: d129453dex991.htm · Sequence: 2

EX-99.1

EXHIBIT 99.1

Contact at 214-432-2000

Michael R. Haack

President and CEO

D. Craig Kesler

Executive Vice President and CFO

Alex Haddock

Senior Vice President

News For Immediate Release

EAGLE MATERIALS ANNOUNCES FOURTH QUARTER AND

FISCAL YEAR 2026 RESULTS

Achieved Record Annual Revenue

Advanced Organic Growth Initiatives

Enhanced Capital Structure to Support Continued Growth and Disciplined Capital Allocation

DALLAS, TX (May 19, 2026) Eagle Materials Inc. (NYSE: EXP) today reported financial results for fiscal year 2026 and the fiscal fourth quarter

ended March 31, 2026. Notable items for the fiscal year and quarter are highlighted below. (Unless otherwise noted, all comparisons are with the prior fiscal year or prior year’s fiscal fourth quarter, as applicable.)

Full Year Fiscal 2026 Highlights

•

Record Revenue of $2.3 billion, up 2%

•

Net Earnings of $423.8 million, down 9%

•

Net earnings per diluted share of $13.16, down 4%

•

Adjusted EBITDA of $774.5 million, down 5%

•

Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items and certain non-cash expenses in the manner described in Attachment 6

•

Repurchased approximately 1.7 million shares of Eagle’s common stock for $382 million

Fourth Quarter Fiscal 2026 Highlights

•

Record Revenue of $479.1 million, up 2%

•

Net earnings of $60.2 million, down 10%

•

Net earnings per diluted share of $1.91, down 5%

•

Adjusted EBITDA of $136.1 million, down 4%

•

Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items and certain non-cash expenses in the manner described in Attachment 6

•

Repurchased approximately 338,000 shares of Eagle’s common stock for $71.5 million

Commenting on the annual results, Michael Haack, President and CEO, said, “Amid geopolitical uncertainty and

ongoing fiscal and trade policy disruptions, our combined businesses delivered strong financial, operational, and strategic performance in fiscal 2026. We generated record revenue of $2.3 billion, gross profit margin of 28.3%, and operating

cash flow of $614 million. Our Cement sales volume was up 8%, and our organic Aggregates sales volume

increased 24%, supported by continued growth in public construction activity and large private non-residential projects, as well as more typical weather

patterns. While continuing to invest in our plant network and employee health and safety, we returned $414 million of cash to shareholders through share repurchases and dividends and strengthened our balance sheet with a debt issuance that

enhances our debt maturity schedule, increases our liquidity, and aligns our capital structure with the long-term investments we are making in our asset network. We ended the year with debt of $1.8 billion, net debt of $1.5 billion, and a

net leverage ratio (net debt to Adjusted EBITDA) of 1.9x, giving us substantial financial flexibility that supports disciplined, value-enhancing capital allocation and long-term growth.” (Net debt is a

non-GAAP financial measure calculated by subtracting cash and cash equivalents from debt as described in Attachment 6).

“Employee health, safety, and environmental stewardship remain paramount priorities, and I am proud that our team continues to advance

our leadership in these areas. In fiscal 2026, hazard observation reporting improved by 24%, and remains our most valuable leading indicator for preventing incidents. As always, we continue to strive for zero safety incidents.

“On the strategic front, we made significant progress modernizing our Laramie, Wyoming Cement plant and our Duke, Oklahoma Gypsum

Wallboard plant. We are approximately 60% complete with the Mountain Cement plant modernization and expect commissioning of the new kiln line to begin in late calendar 2026. Construction on the Duke, Oklahoma wallboard plant modernization started in

the fall of 2025, and we expect to commission the new wallboard line in the second half of calendar 2027. These investments are expected to increase the capacity of both plants, reduce operating costs, and enhance production flexibility and

reliability, thereby strengthening our competitive position.

Mr. Haack concluded, “While evolving geopolitical, trade and

fiscal-policy conditions create some near-term uncertainty in the demand outlook for our products, we remain resolute in our focus and committed to positioning Eagle for sustained performance across economic cycles. We have a long track record of

navigating challenging market conditions, and I am confident that our strong market positions, solid capital structure, and ongoing disciplined investment in our people and assets position us for continued success over the long term.”

Capital Allocation Priorities

Eagle

maintains a disciplined capital allocation process to enhance shareholder value. Our allocation priorities remain: 1. Investing in growth opportunities that are consistent with our strategic priorities and meet our strict financial return standards;

2. Making operating capital investments to maintain and strengthen our low-cost producer position; and 3. Returning excess cash to shareholders, primarily through our share repurchase program.

Over the past five fiscal years, we have invested $388.4 million in acquisitions, $905.0 million in organic capital expenditures,

and $2.2 billion in share repurchases and dividends.

Segment Financial Results

Heavy Materials: Cement, Concrete and Aggregates

Fiscal 2026 revenue in the Heavy Materials sector, which includes Cement and Concrete and Aggregates, as well as Joint Venture and intersegment

Cement revenue, was up 10% to $1.6 billion, and annual operating earnings also increased 10%, to $341.2 million. Both increases were due primarily to higher Cement and Aggregates sales volume and the contribution from the acquired aggregates

businesses in Western Pennsylvania and Northern Kentucky during the prior year. The sales volume increases were driven by continued strength in public infrastructure construction activity as well as increased construction activity in certain areas

of private non-residential construction.

Fiscal 2026 Cement revenue, including Joint Venture and

intersegment revenue, was up 8% to $1.3 billion, and Cement operating earnings increased 3% to $328.3 million. These increases reflect higher Cement sales volume, partially offset by lower net sales prices. Annual Cement sales volume was

up 8% to 7.5 million tons, while the average annual net Cement sales price for the year decreased 1% to $155.18 per ton.

Fourth

quarter Cement revenue, including Joint Venture and intersegment revenue, was up 15% to $245.7 million, reflecting higher sales volume, partially offset by lower Cement sales prices. Operating earnings increased 31% to $36.1 million,

reflecting higher sales volume and lower operating costs, namely maintenance costs, partially offset by lower net sales prices.

Fourth

quarter Cement sales volume was up 15% to 1.4 million tons. The average net Cement sales price for the quarter decreased 2% to $153.99 per ton.

Fiscal 2026 Concrete and Aggregates revenue increased 19% to $283.3 million, as a result of higher sales volume and $30.6 million of

revenue from the acquired aggregates businesses. Excluding the contribution from the recently acquired businesses, Aggregates revenue increased 6%, and sales volume was up 24%. Concrete and Aggregates operating earnings was $12.9 million in

fiscal 2026.

Fourth quarter Concrete and Aggregates revenue was $58.9 million, an increase of 8%, primarily driven by higher

Aggregates sales volume. Concrete and Aggregates reported a fourth quarter operating loss of $2.6 million, compared with a loss of $9.4 million in the prior-year fourth quarter. The current quarter operating loss primarily reflects normal

seasonal trends in the business, which resulted in lower demand and reduced operating leverage. The prior year’s fourth quarter operating loss included $1.9 million of acquisition-related expenses.

Light Materials: Gypsum Wallboard and Recycled Paperboard

Fiscal 2026 revenue in the Light Materials sector, which includes Gypsum Wallboard and Recycled Paperboard, decreased 9% to

$881.4 million, as a result of lower Gypsum Wallboard sales volume and prices. Gypsum Wallboard annual sales volume was 2.8 billion square feet (BSF), down 7% from the prior year because of continued softness in residential construction,

and the average net sales price was down 4% to $226.08 per MSF. Recycled Paperboard annual sales volume was down 3% to 341,000 tons.

Fiscal 2026 Light Materials operating earnings were $331.4 million, a decrease of 15%, resulting principally from lower Gypsum Wallboard

sales volume and net sales prices.

Fourth quarter Light Materials revenue declined 9% to $214.6 million, reflecting lower

Gypsum Wallboard sales volume, which decreased 4% to 690 million square feet (MMSF), while the average net sales price was down 8% to $213.27 per MSF. Sequentially, the Gypsum Wallboard net sales price was down approximately $12 per msf,

approximately $2 of which was associated with higher freight costs in the fourth quarter.

Recycled Paperboard sales volume for the

quarter was up 5% to 88,000 tons. The average Recycled Paperboard net sales price for the fourth quarter was $587.33 per ton, down 1%, consistent with the pricing provisions in our long-term sales agreements that factor in changes to input costs.

Fourth quarter operating earnings in the sector were $78.3 million, a decrease of 14%, reflecting lower Gypsum Wallboard sales

volume and net sales prices.

Corporate General and Administrative Expenses

Fiscal 2026 Corporate General and Administrative Expenses increased by approximately 21%, primarily because of $4.8 million in costs for

technology upgrades, and $7.8 million of compensation related costs.

Details of Financial Results

We conduct one of our cement plant operations through a 50/50 joint venture, Texas Lehigh Cement Company LP (the Joint Venture). We use the

equity method of accounting for our 50% interest in the Joint Venture. For segment reporting purposes only, we proportionately consolidate our 50% share of the Joint Venture’s revenue and operating earnings, which is consistent with the way

management organizes the segments within Eagle for making operating decisions and assessing performance.

In addition, for segment

reporting purposes, we report intersegment revenue as a part of a segment’s total revenue. Intersegment sales are eliminated on the Consolidated Statement of Earnings. Refer to Attachment 3 for a reconciliation of these amounts.

About Eagle Materials Inc.

Eagle

Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle’s primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads, highways, and

residential, commercial and industrial structures across America. Headquartered in Dallas, Texas, Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states. Visit eaglematerials.com for more

information.

Eagle’s senior management will conduct a conference call to discuss the financial results, forward-looking

information and other matters at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on Tuesday, May 19, 2026. The conference call will be webcast on the Eagle website, eaglematerials.com. A replay of the webcast and the presentation will be

archived on the site for one year.

###

Forward-Looking Statements. This press release contains forward-looking statements

within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of

the statements and generally arise when the Company is discussing its beliefs, estimates or expectations as to future events. These statements are not historical facts or guarantees of future performance but instead represent only the

Company’s belief at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside the Company’s control. Actual results and outcomes may differ

materially from what is expressed or forecast in such forward-looking statements. The principal risks and uncertainties that may affect the Company’s actual performance include the following: the cyclical and seasonal nature of the

Company’s businesses; fluctuations in public infrastructure expenditures; the effects of adverse weather conditions on infrastructure and other construction projects as well as our facilities and operations; the fact that our products are

commodities and that prices for our products are subject to material fluctuation due to market conditions and other factors beyond our control; the availability of and fluctuations in the cost of raw materials; changes in the costs of energy,

including, without limitation, natural gas, coal and oil (including diesel), and the nature of our obligations to counterparties under energy supply contracts, such as those related to market conditions (for example, spot market prices),

governmental orders and other matters; changes in the cost and availability of transportation; unexpected operational difficulties, including unexpected maintenance costs, equipment downtime and interruption of production; material nonpayment or non-performance by any of our key customers; consolidation of our customers; interruptions in our supply chain; difficulties or obstacles encountered in executing capacity expansion or improvement

projects, including the inability to execute or complete such projects on time and within budget or to realize expected efficiency gains or costs savings from such projects; difficulties and delays in the development of new business lines;

governmental regulation and changes in governmental and public policy (including, without limitation, climate change and other environmental regulation); changes in trade policy, including tariffs and the effects of any increases in tariffs on our

business, including increases in cost of inputs used in our facility expansion and modernization projects; possible losses or other adverse outcomes from pending or future litigation or arbitration proceedings; changes in economic conditions or the

nature or level of activity in any one or more of the markets or industries in which the Company or its customers are engaged; competition; cyber-attacks or data security breaches, together with the costs of protecting our systems against such

incidents and the possible effects thereof on our operations; increases in capacity in the gypsum wallboard and cement industries; changes in the demand for residential housing construction or commercial construction or construction projects

undertaken by state or local governments; the availability of acquisitions or other growth opportunities that meet our financial return standards and fit our strategic focus; risks related to pursuit of acquisitions, joint ventures and other

transactions or the execution or implementation of such transactions, including the integration of operations acquired by the Company; general economic conditions, including inflation and recessionary conditions; and increases in interest rates

(including mortgage rates) or the continuation of high levels of interest rates and the resulting effects on the Company and demand for our products. For example, increases in interest rates, decreases in demand for construction materials or

increases in the cost of our raw materials can be expected to adversely affect the revenue and operating earnings of our operations. In addition, changes in national or regional economic conditions and levels of infrastructure and construction

spending could also adversely affect the Company’s results of operations. Finally, any forward-looking statements made by the Company are subject to the risks and impacts associated with natural disasters, the outbreak, escalation or

resurgence of health emergencies, pandemics or other unforeseen events, including, without limitation, the COVID-19 pandemic and responses thereto designed to contain its spread and mitigate its public health

effects, as well as their impact on our operations and on economic conditions, capital and financial markets. These and other factors are described in the Company’s Annual Report

on Form 10-K for the fiscal year ended March 31, 2025, and subsequent quarterly and annual reports upon filing. These reports are filed with the Securities and Exchange

Commission. All forward-looking statements made herein are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. The Company undertakes no

duty to update any forward-looking statement to reflect future events or changes in the Company’s expectations.

For additional information,

contact at 214-432-2000

Michael R. Haack

President and Chief Executive Officer

D. Craig Kesler

Executive Vice President and Chief Financial Officer

Alex Haddock

Senior Vice President, Investor

Relations, Strategy and Corporate Development

Attachment 1 Statement of Consolidated Earnings

Attachment 2 Revenue and Earnings by Business Segment

Attachment

3 Sales Volume, Average Net Sales Prices and Intersegment and Cement Revenue

Attachment 4 Consolidated Balance Sheets

Attachment 5 Depreciation, Depletion and Amortization by Business Segment

Attachment 6 Reconciliation of Non-GAAP Financial Measures

Attachment 1

Eagle Materials Inc.

Consolidated Statement of Earnings

(dollars in thousands, except per share data)

(unaudited)

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

2026

2025

Revenue

479,106

470,175

2,308,658

2,260,508

Cost of Goods Sold

372,780

365,563

1,656,115

1,587,371

Gross Profit

106,326

104,612

652,543

673,137

Equity in Earnings of Unconsolidated JV

5,456

4,417

19,989

26,396

Corporate General and Administrative Expenses

(23,073

)

(19,596

)

(89,182

)

(73,942

)

Other Non-Operating Income

1,379

1,632

5,108

6,420

Earnings Before Interest and Income Taxes

90,088

91,065

588,458

632,011

Interest Expense, net

(11,692

)

(10,067

)

(46,482

)

(40,526

)

Earnings Before Income Taxes

78,396

80,998

541,976

591,485

Income Tax Expense

(18,235

)

(14,518

)

(118,167

)

(128,069

)

Net Earnings

60,161

66,480

423,809

463,416

NET EARNINGS PER SHARE

Basic

1.92

2.01

13.24

13.88

Diluted

1.91

2.00

13.16

13.77

AVERAGE SHARES OUTSTANDING

Basic

31,303,963

33,025,648

32,014,721

33,378,050

Diluted

31,477,955

33,264,197

32,193,791

33,646,395

Attachment 2

Eagle Materials Inc.

Revenue and Earnings by Business Segment

(dollars in thousands)

(unaudited)

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

2026

2025

Revenue*

Heavy Materials:

Cement (Wholly Owned)

205,556

180,587

1,144,031

1,053,620

Concrete and Aggregates

58,914

54,350

283,275

237,723

264,470

234,937

1,427,306

1,291,343

Light Materials:

Gypsum Wallboard

183,621

204,205

764,493

846,499

Recycled Paperboard

31,015

31,033

116,859

122,666

214,636

235,238

881,352

969,165

Total Revenue

479,106

470,175

2,308,658

2,260,508

Segment Operating Earnings

Heavy Materials:

Cement (Wholly Owned)

30,649

23,218

308,317

293,060

Cement (Joint Venture)

5,456

4,417

19,989

26,396

Concrete and Aggregates

(2,615

)

(9,353

)

12,864

(8,765

)

33,490

18,282

341,170

310,691

Light Materials:

Gypsum Wallboard

65,526

80,254

286,831

350,764

Recycled Paperboard

12,766

10,493

44,531

38,078

78,292

90,747

331,362

388,842

Sub-total

111,782

109,029

672,532

699,533

Corporate General and Administrative Expense

(23,073

)

(19,596

)

(89,182

)

(73,942

)

Other Non-Operating Income

1,379

1,632

5,108

6,420

Earnings Before Interest and Income Taxes

90,088

91,065

588,458

632,011

Excluding Intersegment and Joint Venture Revenue listed on Attachment 3

Attachment 3

Eagle Materials Inc.

Sales Volume, Net Sales Prices and Intersegment and Cement Revenue

(unaudited)

Sales Volume

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

Change

2026

2025

Change

Cement (M Tons):

Wholly Owned

1,227

1,081

+14

6,770

6,237

Joint Venture

194

158

+23

701

675

1,421

1,239

+15

7,471

6,912

Concrete (M Cubic Yards)

265

246

1,232

1,235

Aggregates (M Tons)

1,239

1,183

6,567

3,854

+70

Gypsum Wallboard (MMSFs)

690

722

-4

2,759

2,968

-7

Recycled Paperboard (M Tons):

Internal

+10

136

142

-4

External

205

208

-1

341

350

-3

Average Net Sales Price*

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

Change

2026

2025

Change

Cement (Ton)

153.99

157.62

-2

155.18

156.67

-1

Concrete (Cubic Yard)

155.56

148.56

153.18

148.48

Aggregates (Ton)

14.17

13.83

14.23

13.09

Gypsum Wallboard (MSF)

213.27

231.54

-8

226.08

236.04

-4

Recycled Paperboard (Ton)

587.33

595.69

-1

584.77

604.02

-3

Net of freight and delivery costs billed to customers

Intersegment and Cement Revenue

(dollars in thousands)

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

2026

2025

Intersegment Revenue:

Cement

7,785

7,051

36,011

36,799

Concrete and Aggregates

3,699

1,775

16,229

13,913

Recycled Paperboard

20,662

19,516

82,356

89,058

32,146

28,342

134,596

139,770

Cement Revenue:

Wholly Owned

205,556

180,587

1,144,031

1,053,620

Joint Venture

32,380

26,382

119,341

110,943

237,936

206,969

1,263,372

1,164,563

Attachment 4

Eagle Materials Inc.

Consolidated Balance Sheets

(dollars in thousands)

(unaudited)

March 31,

2026

2025

ASSETS

Current Assets –

Cash and Cash Equivalents

297,920

20,401

Accounts and Notes Receivable, net

228,573

212,332

Inventories

408,391

415,175

Federal Income Tax Receivable

7,536

10,020

Prepaid and Other Assets

8,469

10,729

Total Current Assets

950,889

668,657

Property, Plant and Equipment, net

2,064,622

1,792,982

Investments in Joint Venture

160,078

140,089

Operating Lease

Right-of-Use Assets

29,346

29,313

Goodwill and Intangibles

585,443

595,752

Other Assets

51,866

37,795

3,842,244

3,264,588

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities –

Accounts Payable

138,884

129,895

Accrued Liabilities

102,127

96,077

Current Portion of Long-Term Debt

15,000

Current Lease Liabilities

4,144

4,032

Total Current Liabilities

260,155

245,004

Long-Term Liabilities

99,518

99,626

Bank Credit Facility

—

200,000

Bank Term Loan

266,250

281,250

2.500% Senior Unsecured Notes due 2031

743,334

742,066

5.000% Senior Unsecured Notes due 2036

735,497

—

Deferred Income Taxes

262,662

239,942

Stockholders’ Equity –

Preferred Stock, Par Value $0.01; Authorized 5,000,000 Shares; None Issued

—

Common Stock, Par Value $0.01; Authorized 100,000,000 Shares; Issued and Outstanding 31,227,012

and 32,973,121 Shares, respectively.

312

330

Capital in Excess of Par Value

—

Accumulated Other Comprehensive Losses

(4,404

)

(3,125

)

Retained Earnings

1,478,920

1,459,495

Total Stockholders’ Equity

1,474,828

1,456,700

3,842,244

3,264,588

Attachment 5

Eagle Materials Inc.

Depreciation, Depletion and Amortization by Business Segment

(dollars in thousands)

(unaudited)

The following table

presents depreciation, depletion and amortization by business segment for the quarters and fiscal years ended March 31, 2026 and 2025:

Depreciation, Depletion and Amortization

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

2026

2025

Cement

24,149

22,964

94,380

91,817

Concrete and Aggregates

7,232

8,173

28,159

23,247

Gypsum Wallboard

5,214

6,469

23,890

25,807

Recycled Paperboard

2,337

3,700

13,210

14,782

Corporate and Other

1,571

935

5,107

3,249

40,503

42,241

164,746

158,902

Attachment 6

Eagle Materials Inc.

Reconciliation of Non-GAAP Financial Measures

(unaudited)

(dollars in

thousands)

EBITDA and Adjusted EBITDA

present Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA to provide additional measures of operating performance and allow for more consistent comparison of operating performance from period to period.

EBITDA is a non-GAAP financial measure that provides supplemental information regarding the operating performance of our business without regard to financing methods, capital structures or historical cost

basis. Adjusted EBITDA is also a non-GAAP financial measure that further excludes the impact from Non-routine Items and stock-based compensation. Management uses EBITDA

and Adjusted EBITDA as alternative bases for comparing the operating performance of Eagle from period to period and for purposes of its budgeting and planning processes. Adjusted EBITDA may not be comparable to similarly titled measures of other

companies because other companies may not calculate Adjusted EBITDA in the same manner. Neither EBITDA nor Adjusted EBITDA should be considered in isolation or as an alternative to net income, cash flow from operations or any other measure of

financial performance or liquidity in accordance with GAAP. The following shows the calculation of EBITDA and Adjusted EBITDA and reconciles them to net earnings in accordance with GAAP for the quarters and fiscal years ended March 31, 2026 and

2025:

Quarter Ended

March 31,

Fiscal Year Ended

March 31,

2026

2025

2026

2025

Net Earnings, as reported

60,161

66,480

423,809

463,416

Income Tax Expense

18,235

14,518

118,167

128,069

Interest Expense

11,692

10,067

46,482

40,526

Depreciation, Depletion and Amortization

40,503

42,241

164,746

158,902

EBITDA

130,591

133,306

753,204

790,913

Acquisition accounting and related expenses

—

3,359

—

6,318

Litigation Loss

—

700

Stock-based Compensation

5,462

4,522

21,266

18,743

Adjusted EBITDA

136,053

141,187

774,470

816,674

Represents the impact of selling acquired inventory after its markup to fair value as part of acquisition

accounting and business development costs

Attachment 6, continued

Reconciliation of Net Debt to Adjusted EBITDA

GAAP does

not define “Net Debt” and it should not be considered as an alternative to debt as defined by GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total debt that would remain if the Company

applied the cash and cash equivalents held by it to the payment of outstanding debt. The Company also uses “Net Debt to Adjusted EBITDA,” which it defines as Net Debt divided by Adjusted EBITDA for the trailing twelve months, as an

alternative metric to assist it in understanding its leverage position. We present this metric for the convenience of the investment community and rating agencies who use such metrics in their analysis, and for investors who need to understand the

metrics we use to assess performance and monitor our cash and liquidity positions.

Fiscal Year Ended

March 31,

2026

2025

Total debt, excluding debt issuance costs

1,781,250

1,246,250

Cash and cash equivalents

297,920

20,401

Net Debt

1,483,330

1,225,849

Adjusted EBITDA

774,470

816,674

Net Debt to Adjusted EBITDA

1.9x

1.5x

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