Q2 Results from Eagle Materials, Gypsum Division Posts Profit
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2013, which ended September 30, 2012. Notable items for the quarter include (all comparisons, unless noted, are with the prior-year's second quarter):
Second quarter sales volumes improved across all major business lines and wallboard net sales prices increased 30 percent, as compared to the prior year's second quarter. Improved second quarter operating cash flow was used to fund capital expenditures, pay dividends and reduce debt which further strengthened our financial position. Eagle ended the quarter with a net debt-to-capitalization ratio of 29 percent.