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EAGLE MATERIALS INC

For the period ended Mar 31, 2024. Filed May 22, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed May 22, 2024

EXP$186.04-1.7%Stored close · as of Nov 6, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

ANNUAL REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Fiscal Year Ended

March 31,2024

Commission File No.1-12984

EAGLE MATERIALS INC.

(Exact name of registrant as specified in its charter)

Delaware (State of Incorporation)

75-2520779(I.R.S. Employer Identification No.)

5960 Berkshire Lane, Suite 900, Dallas, Texas 75225(Address of principal executive offices)

(214)432-2000 (Registrant’s telephone number)

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

Title of each classTradingSymbol(s)Name of each exchange on which registered
Common Stock (par value $.01 per share)EXPNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ NO☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ NO☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ NO☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer☐

Non-accelerated filer☐ Smaller reporting company☐

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.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES☐ NO☒

The aggregate market value of the voting stock held by nonaffiliates of the Company at September 30, 2023 (the last business day of the registrant’s most recently completed second fiscal quarter) was approximately $5.7 billion.

As of May 17, 2024, the number of outstanding shares of common stock was:

ClassOutstanding Shares
Common Stock, $.01 Par Value33,915,345

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Proxy Statement for the Annual Meeting of Stockholders of Eagle Materials Inc. to be held on August 1, 2024 are incorporated by reference in Part III of this Report.

TABLE OF CONTENTS

PAGE
PART I
Item 1.Business1
Overview1
Fiscal 2024 Highlights4
Human Capital5
Industry Segment Information6
Where You Can Find More Information25
Item 1A.Risk Factors26
Item 1B.Unresolved Staff Comments41
Item 1C.Cybersecurity41
Item 2.Properties43
Item 3.Legal Proceedings44
Item 4.Mine Safety Disclosures44
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities45
Item 6.Selected Financial Data47
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations47
Item 7A.Quantitative and Qualitative Disclosures About Market Risk63
Item 8.Financial Statements and Supplementary Data64
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure99
Item 9A.Controls and Procedures99
Item 9B.Other Information101
Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections101
PART III
Item 10.Directors, Executive Officers and Corporate Governance102
Item 11.Executive Compensation102
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters103
Item 13.Certain Relationships and Related Transactions, and Director Independence103
Item 14.Principal Accounting Fees and Services103
PART IV
Item 15.Exhibits and Financial Statement Schedules103
INDEX TO EXHIBITS104
SIGNATURES110
ContentsView on SEC.gov

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