EAGLE MATERIALS INC

FISCAL 2026 EVENTS

Financial Highlights

Fiscal 2026 was a strong year for the Company, with increased earnings in our Cement, Concrete and Aggregates, and Recycled Paperboard segments. Financial highlights for fiscal 2026 compared with fiscal 2025 include:

Record Revenue of $2.3 billion, up 2% from prior year

Net Earnings of $423.8 million, down 9%

Diluted Earnings per Share of $13.16, down 4%

Repurchased approximately 1.7 million shares of our Common Stock for $381.8 million, returning a total of $414.2 million to shareholders through share repurchases and dividends

Issued $750.0 million of 10-year senior notes with an interest rate of 5.000%, extending debt maturity schedule and increasing liquidity

Strategic Highlights

During fiscal 2026, we executed the following strategic actions that extended our integrated plant network, advanced our low-cost position, and expanded our ability to meet increasing demand in high-growth markets.

Modernization and Expansion of our Laramie, Wyoming Cement Plant

Construction on the modernization and expansion of our Mountain Cement facility in Laramie, Wyoming continued during fiscal 2026. The modernized plant and the construction of an additional cement distribution facility in northern Colorado will employ state-of-the-art technology, which will maximize operating efficiencies and further strengthen our low-cost producer position. Upon completion of the project, the plant's manufacturing capacity will increase by nearly 50% to approximately 1.2 million tons of cement, and it is expected that manufacturing costs will be reduced by approximately 25%. We expect start-up of the new facility in late calendar 2026.

Modernization and Expansion of our Duke, Oklahoma Gypsum Wallboard Plant

We began construction and made good progress on our $330.0 million project to modernize and expand our Gypsum Wallboard facility in Oklahoma. This project will increase capacity by 25% to 1.5 billion square feet (bsf) of production, lower the plant's operating costs, and take advantage of our nearby, low-cost natural gypsum reserves. We expect to complete the project in the second half of calendar 2027.