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Ex Eagle Materials Contact at 214-432-2000 Michael R. Haack President and CEO D. Craig Kesler Executive Vice President & CFO Robert S. Stewart Executive Vice President EXHIBIT 99.1 News For Immediate Release EAGLE MATERIALS REPORTS THIRD QUARTER RESULTS EPS FROM CONTINUING OPERATIONS OF $ 1.94 ON REVENUE OF $ 405 MILLION DALLAS , TX ( January 28 , 2021 ) Eagle Materials Inc. ( NYSE : EXP ) today reported financial results for the third quarter of fiscal 2021 ended December 31 , 2020. Notable items for the quarter are highlighted below ( unless otherwise noted , all comparisons are with the prior year's fiscal third quarter ) : Third Quarter Fiscal 2021 Results • • Record third quarter revenue of $ 404.7 million , up 18 % Third quarter diluted earnings per share from continuing operations of $ 1.94 , up 87 % • Prior - year diluted earnings per share include an asset impairment charge of $ 0.47 related to continuing operations Commenting on the third quarter results , Michael Haack , President and CEO , said , “ Our third quarter results demonstrate the overall resilience of our portfolio . Despite continued pandemic - related economic uncertainty , our wallboard shipments were up 9 % , a third quarter record for American Gypsum , and our cement shipments were up 28 % , reflecting the strong performance of the recently acquired Kosmos Cement Business and the strength of our core markets . We continued to generate strong operating cash flow , which significantly improved our balance sheet and liquidity position providing us with increased financial flexibility . " Mr. Haack continued , “ As we continue to navigate the COVID - 19 environment , I want to thank our team for their exceptional work under extraordinary circumstances , delivering strong results , remaining focused on the integration of Kosmos and keeping our strategic projects on schedule . We continue to closely monitor the disruptions caused by the COVID - 19 pandemic and their possible impact on our business in current and future periods . We also continue to enforce strict health and safety protocols to protect our employees , customers and business partners , and we will continue to manage our cash flow prudently and protect our balance sheet . "