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Eagle Materials Inc. is a leading US manufacturer of basic construction materials that are used in residential, commercial, industrial, infrastructure and energy applications. The company’s building materials are sold into similar markets and include gypsum wallboard. Their basic materials, used for oil and natural gas extraction, include frac sand and oil well cement. The company was founded in 1963 as a building materials subsidiary of Centex Corporation (“Centex”), and they operated as a public company under the name Centex Construction Products, Inc. from April 1994 to January 30 2004, at which time Centex completed a tax-free distribution of its shares in EXP to its shareholders. The company’s manufactured products are 100% made in the US. Get updated on the Eagle Materials (EXP) share price at Capital.com.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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