Eagle Materials

American producer of materials

Eagle Materials Inc.

Company type	Public company
Traded as	NYSE: EXP S&P 400 component
Industry	Building materials
Founded	1963; 61 years ago (1963)
Headquarters	Dallas, Texas
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	$1.211 billion (2016)^[1]
Net income	$0.198 billion (2016)^[1]
Total assets	$2.247 billion (2016)^[1]
Total equity	$1.203 billion (2016)^[1]
Number of employees	2,220 (2016)^[1]
Website	www.eaglematerials.com

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]

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

The 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]^{[non-primary source needed]}

References

^ ^a ^b ^c ^d ^e ^f ^g ^h ⁱ "Eagle Materials Inc. 2016 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.
^ "Eagle Materials Inc. Announces a Definitive Agreement to Acquire Cemex's Fairborn Cement Plant and Related Assets" (Press release). Business Wire. September 12, 2016.