Earnings release
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EXHIBIT 99.1 Contact at 214-432-2000 Michael R. Haack President and CEO D. Craig Kesler Executive Vice President & CFO Alex Haddock Senior Vice President News For Immediate Release EAGLE MATERIALS REPORTS SECOND QUARTER RESULTS DALLAS, TX (October 30, 2025) Eagle Materials Inc. (NYSE: EXP) today reported financial results for the second quarter of fiscal 2026 ended September 30, 2025. Notable items for the quarter are highlighted below (unless otherwise noted, all comparisons are with the prior year’s fiscal second quarter): Second Quarter Fiscal 2026 Highlights • Record Revenue of $638.9 million • Net Earnings of $137.4 million • Net Earnings per diluted share of $4.23 • Adjusted EBITDA of $233.3 million • Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items and certain non-cash expenses in the manner described in Attachment 6 • Repurchased 395,500 shares of Eagle’s common stock for approximately $89 million Commenting on the second quarter results, Michael Haack, President and CEO, said, “Eagle’s portfolio of businesses continued to perform well during the quarter, generating record revenue of $639 million, EPS of $4.23 and gross margins of 31.3%. We repurchased 395,500 shares of our common stock for approximately $89 million and ended the quarter with debt of $1.3 billion and a net leverage ratio (net debt to Adjusted EBITDA) of 1.6x, giving us substantial financial flexibility that supports disciplined capital allocation and long-term growth.” (Net debt is a non-GAAP financial measure calculated by subtracting cash and cash equivalents from debt as described in Attachment 6). Mr. Haack continued, “Our Cement sales volume was up 8% and our organic Aggregates sales volume increased 35%, as demand for these products remained strong, driven primarily by federal, state, and local spending on public infrastructure projects and continued elevated spending across private non-residential construction end markets. Our Wallboard sales volume was down 14% as new residential construction activity remained constrained by housing affordability concerns driven by persistently elevated mortgage rates, as well as other macroeconomic uncertainties. “We enter the second half of fiscal 2026 well-positioned to capitalize on near-and-longer-term growth opportunities, including the future recovery of the housing market, given our strong balance sheet and continued investments in upgrading our assets and network. During the second quarter, we continued to make good progress on modernizing and expanding our Mountain Cement plant, and the project remains on-time and within budget. Recently, we began to pour foundations to modernize our Duke, OK Gypsum Wallboard plant. These investments
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will lower each plant’s cost structure, improve their reliability and expand their production capabilities, which will strengthen our already low-cost competitive position. Our strong balance sheet and free cash flow should position us to favorably pursue additional high-return investments and deliver attractive shareholder value consistently through economic cycles.” Segment Financial Results Heavy Materials: Cement, Concrete and Aggregates Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, Joint Venture and intersegment Cement revenue, was $466.5 million, an 11% increase. Heavy Materials operating earnings were also up 11% to $127.7 million. Both increases resulted from higher sales volume and the contribution from the recently acquired aggregates businesses in Western Pennsylvania and Northern Kentucky. Cement revenue for the quarter, including Joint Venture and intersegment revenue, was up 9% to $384.9 million, and operating earnings were up 3% to $119.8 million. These increases reflect higher Cement sales volume, partially offset by lower Cement net sales prices. The average net sales price for the quarter was down 1% to $155.10 per ton. Cement prices in our wholly owned cement business were flat. Cement sales volume increased by 8% to 2.2 million tons. Concrete and Aggregates revenue was up 24% to $81.6 million, and operating earnings increased to a record $7.9 million, reflecting record Aggregates sales volume of 2.0 million tons, up 103%, increased Concrete and Aggregates sales prices, and the contribution from the recently acquired aggregates businesses. Excluding the recently acquired aggregates businesses, revenue increased 6% and Aggregates sales volume was up 35%. Light Materials: Gypsum Wallboard and Paperboard Revenue in the Light Materials sector, which includes Gypsum Wallboard and Paperboard, decreased 13% to $212.6 million, primarily reflecting lower Wallboard and Paperboard sales volume. Gypsum Wallboard sales volume declined 14% to 648 million square feet (MMSF), while the average Gypsum Wallboard net sales price decreased 2% to $232.94 per MSF. Paperboard sales volume for the quarter was down 4% to 82,000 tons. The average Paperboard net sales price was $598.48 per ton, up 1%, consistent with the pricing provisions in our long-term sales agreements that factor in changes to input costs. Operating earnings in the sector were $78.3 million, a decrease of 20%, primarily reflecting lower Wallboard and Paperboard sales volume. Corporate General and Administrative Expenses Corporate General and Administrative Expenses during the second quarter includes approximately $1.5 million of costs associated with implementing our new enterprise resource planning system across a portion of our businesses this quarter. 2
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Details of Financial Results We conduct one of our cement plant operations through a 50/50 joint venture, Texas Lehigh Cement Company LP (the Joint Venture). We use the equity method of accounting for our 50% interest in the Joint Venture. For segment reporting purposes only, we proportionately consolidate our 50% share of the Joint Venture’s revenue and operating earnings, which is consistent with the way management organizes the segments within the Company for making operating decisions and assessing performance. In addition, for segment reporting purposes, we report intersegment revenue as a part of a segment’s total revenue. Intersegment sales are eliminated on the consolidated income statement. Refer to Attachment 3 for a reconciliation of these amounts. About Eagle Materials Inc. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle’s primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads and highways and for building and renovating residential, commercial and industrial structures across America. Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas. Visit eaglematerials.com for more information. Eagle’s senior management will conduct a conference call to discuss the financial results, forward-looking information and other matters at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on Thursday, October 30, 2025. The conference call will be webcast on the Eagle website, eaglematerials.com. A replay of the webcast and the presentation will be archived on the website for one year. ### 3
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Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statements and generally arise when the Company is discussing its beliefs, estimates or expectations as to future events. These statements are not historical facts or guarantees of future performance but instead represent only the Company’s belief at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside the Company’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. The principal risks and uncertainties that may affect the Company’s actual performance include the following: the cyclical and seasonal nature of the Company’s businesses; fluctuations in public infrastructure expenditures; the effects of adverse weather conditions on infrastructure and other construction projects as well as our facilities and operations; the fact that our products are commodities and that prices for our products are subject to material fluctuation due to market conditions and other factors beyond our control; the availability of and fluctuations in the cost of raw materials; changes in the costs of energy, including, without limitation, natural gas, coal and oil (including diesel), and the nature of our obligations to counterparties under energy supply contracts, such as those related to market conditions (for example, spot market prices), governmental orders and other matters; changes in the cost and availability of transportation; unexpected operational difficulties, including unexpected maintenance costs, equipment downtime and interruption of production; material nonpayment or non-performance by any of our key customers; consolidation of our customers; interruptions in our supply chain; inability to timely execute or realize capacity expansions or efficiency gains from capital improvement projects; difficulties and delays in the development of new business lines; governmental regulation and changes in governmental and public policy (including, without limitation, climate change and other environmental regulation); changes in trade policy, including tariffs and the effects of any increases in tariffs on our business, including increases in cost of inputs used in our facility expansion and modernization projects; possible losses or other adverse outcomes from pending or future litigation or arbitration proceedings; changes in economic conditions or the nature or level of activity in any one or more of the markets or industries in which the Company or its customers are engaged; competition; cyber-attacks or data security breaches, together with the costs of protecting our systems against such incidents and the possible effects thereof on our operations; increases in capacity in the gypsum wallboard and cement industries; changes in the demand for residential housing construction or commercial construction or construction projects undertaken by state or local governments; the availability of acquisitions or other growth opportunities that meet our financial return standards and fit our strategic focus; risks related to pursuit of acquisitions, joint ventures and other transactions or the execution or implementation of such transactions, including the integration of operations acquired by the Company; general economic conditions, including inflation and recessionary conditions; and changes in interest rates (including mortgage rates) and the resulting effects on the Company and demand for our products. For example, increases in interest rates, decreases in demand for construction materials or increases in the cost of our raw materials can be expected to adversely affect the revenue and operating earnings of our operations. In addition, changes in national or regional economic conditions and levels of infrastructure and construction spending could also adversely affect the Company’s results of operations. Finally, any forward-looking statements made by the Company are subject to the risks and impacts associated with natural disasters, the outbreak, escalation or resurgence of health emergencies, pandemics or other unforeseen events, including, without limitation, the COVID-19 pandemic and responses thereto designed to contain its spread and mitigate its public health effects, as well as their impact on our operations and on economic conditions, capital and financial markets. These and other factors are described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025, and subsequent quarterly and annual reports upon filing. These reports are filed with the Securities and Exchange Commission. All forward-looking statements made herein are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. The Company undertakes no duty to update any forward-looking statement to reflect future events or changes in the Company’s expectations. For additional information, contact at 214-432-2000: Michael R. Haack President and Chief Executive Officer D. Craig Kesler Executive Vice President and Chief Financial Officer Alex Haddock Senior Vice President, Investor Relations, Strategy and Corporate Development Attachment 1 Statement of Consolidated Earnings Attachment 2 Revenue and Earnings by Business Segment Attachment 3 Sales Volume, Average Net Sales Prices and Intersegment and Cement Revenue Attachment 4 Consolidated Balance Sheets Attachment 5 Depreciation, Depletion and Amortization by Business Segment Attachment 6 Reconciliation of Non-GAAP Financial Measures 4
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Attachment 1 Eagle Materials Inc. Statement of Consolidated Earnings (dollars in thousands, except per share data) (unaudited) Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 2025 2024 Revenue $ 638,906 $ 623,619 $ 1,273,596 $ 1,232,308 Cost of Goods Sold 439,194 419,775 888,285 841,596 Gross Profit 199,712 203,844 385,311 390,712 Equity in Earnings of Unconsolidated JV 6,309 9,276 10,113 16,992 Corporate General and Administrative Expenses (21,316) (17,879) (42,099) (33,528) Other Non-Operating Income 1,131 724 2,085 3,407 Earnings before Interest and Income Taxes 185,836 195,965 355,410 377,583 Interest Expense, net (9,362) (10,714) (21,078) (21,398) Earnings before Income Taxes 176,474 185,251 334,332 356,185 Income Tax Expense (39,091) (41,731) (73,587) (78,823) Net Earnings $ 137,383 $ 143,520 $ 260,745 $ 277,362 NET EARNINGS PER SHARE Basic $ 4.25 $ 4.29 $ 8.03 $ 8.26 Diluted $ 4.23 $ 4.26 $ 7.99 $ 8.19 AVERAGE SHARES OUTSTANDING Basic 32,297,313 33,431,315 32,459,801 33,581,970 Diluted 32,469,833 33,716,036 32,638,307 33,853,703 5
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Attachment 2 Eagle Materials Inc. Revenue and Earnings by Business Segment (dollars in thousands) (unaudited) Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 2025 2024 Revenue* Heavy Materials: Cement (Wholly Owned) $344,653 $313,571 $ 654,979 $ 613,143 Concrete and Aggregates 81,646 65,930 155,362 126,968 426,299 379,501 810,341 740,111 Light Materials: Gypsum Wallboard 183,482 214,975 404,998 432,801 Recycled Paperboard 29,125 29,143 58,257 59,396 212,607 244,118 463,255 492,197 Total Revenue $638,906 $623,619 $1,273,596 $1,232,308 Segment Operating Earnings Heavy Materials: Cement (Wholly Owned) $113,465 $106,657 $ 190,745 $ 188,066 Cement (Joint Venture) 6,309 9,276 10,113 16,992 Concrete and Aggregates 7,924 (995) 14,099 1,985 127,698 114,938 214,957 207,043 Light Materials: Gypsum Wallboard 67,307 90,141 159,948 184,117 Recycled Paperboard 11,016 8,041 20,519 16,544 78,323 98,182 180,467 200,661 Sub-total 206,021 213,120 395,424 407,704 Corporate General and Administrative Expense (21,316) (17,879) (42,099) (33,528) Other Non-Operating Income 1,131 724 2,085 3,407 Earnings before Interest and Income Taxes $185,836 $195,965 $ 355,410 $ 377,583 * Excluding Intersegment and Joint Venture Revenue listed on Attachment 3 6
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Attachment 3 Eagle Materials Inc. Sales Volume, Average Net Sales Prices and Intersegment and Cement Revenue (dollars in thousands, except per unit data) (unaudited) Sales Volume Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 Change 2025 2024 Change Cement (M Tons): Wholly Owned 2,021 1,848 +9% 3,856 3,615 +7% Joint Venture 175 176 -1% 333 356 -6% 2,196 2,024 +8% 4,189 3,971 +5% Concrete (M Cubic Yards) 347 348 0% 669 691 -3% Aggregates (M Tons) 1,985 979 +103% 3,716 1,778 +109% Gypsum Wallboard (MMSFs) 648 752 -14% 1,432 1,509 -5% Recycled Paperboard (M Tons): Internal 31 35 -11% 69 74 -7% External 51 50 +2% 103 102 +1% 82 85 -4% 172 176 -2% Average Net Sales Price* Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 Change 2025 2024 Change Cement (Ton) $155.10 $156.51 -1% $155.87 $156.31 0% Concrete (Cubic Yard) $153.68 $149.16 +3% $152.11 $148.86 +2% Aggregates (Ton) $ 14.31 $ 12.65 +13% $ 14.28 $ 12.69 +13% Gypsum Wallboard (MSF) $232.94 $236.88 -2% $232.65 $238.16 -2% Recycled Paperboard (Ton) $598.48 $595.19 +1% $581.55 $596.33 -2% * Net of freight and delivery costs billed to customers. Intersegment and Cement Revenue Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 2025 2024 Intersegment Revenue: Cement $ 9,904 $ 10,384 $ 19,917 $ 20,664 Concrete and Aggregates 4,178 4,050 8,030 7,827 Recycled Paperboard 19,471 21,634 41,443 45,621 $ 33,553 $ 36,068 $ 69,390 $ 74,112 Cement Revenue: Wholly Owned $344,653 $313,571 $654,979 $613,143 Joint Venture 30,312 28,825 57,595 58,135 $374,965 $342,396 $712,574 $671,278 7
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Attachment 4 Eagle Materials Inc. Consolidated Balance Sheets (dollars in thousands) (unaudited) September 30, March 31,2025* 2025 2024 ASSETS Current Assets – Cash and Cash Equivalents $ 35,033 $ 93,909 $ 20,401 Accounts and Notes Receivable, net 250,773 246,349 212,332 Inventories 370,207 375,602 415,175 Federal Income Tax Receivable 1,725 2,474 10,020 Prepaid and Other Assets 13,562 12,115 10,729 Total Current Assets 671,300 730,449 668,657 Property, Plant and Equipment, net 1,909,715 1,724,288 1,792,982 Investments in Joint Venture 150,202 130,685 140,089 Operating Lease Right of Use Asset 30,991 17,316 29,313 Goodwill and Intangibles 590,560 489,232 595,752 Other Assets 56,510 29,833 37,795 $3,409,278 $3,121,803 $ 3,264,588 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities – Accounts Payable $ 132,917 $ 131,411 $ 129,895 Accrued Liabilities 92,823 95,337 96,077 Income Taxes Payable 1,949 69,450 — Current Portion of Long-Term Debt 15,000 10,000 15,000 Operating Lease Liabilities 4,522 6,029 4,032 Total Current Liabilities 247,211 312,227 245,004 Long-term Liabilities 100,488 68,261 99,626 Bank Credit Facility 255,000 155,000 200,000 Bank Term Loan 273,750 167,500 281,250 2.500% Senior Unsecured Notes due 2031 742,700 741,433 742,066 Deferred Income Taxes 253,071 245,733 239,942 Stockholders’ Equity – Preferred Stock, Par Value $0.01; Authorized 5,000,000 Shares; None Issued — — — Common Stock, Par Value $0.01; Authorized 100,000,000 Shares; Issued and Outstanding 32,202,392; 33,539,154 and 32,973,121 Shares, respectively 322 335 330 Capital in Excess of Par Value — — — Accumulated Other Comprehensive Losses (3,043) (3,283) (3,125) Retained Earnings 1,539,779 1,434,597 1,459,495 Total Stockholders’ Equity 1,537,058 1,431,649 1,456,700 $3,409,278 $3,121,803 3,264,588 * From audited financial statements 8
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Attachment 5 Eagle Materials Inc. Depreciation, Depletion and Amortization by Business Segment (dollars in thousands) (unaudited) The following table presents Depreciation, Depletion and Amortization by business segment for the quarters and six months ended September 30, 2025 and 2024: Depreciation, Depletion and Amortization Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 2025 2024 Cement $23,224 $22,907 $46,062 $45,824 Concrete and Aggregates 7,137 5,283 13,928 9,813 Gypsum Wallboard 6,494 6,451 13,013 12,924 Recycled Paperboard 3,906 3,669 7,578 7,359 Corporate and Other 1,228 767 2,052 1,507 $41,989 $39,077 $82,633 $77,427 9
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Attachment 6 Eagle Materials Inc. Reconciliation of Non-GAAP Financial Measures (unaudited) (dollars in thousands, other than earnings per share amounts, and number of shares in thousands) EBITDA and Adjusted EBITDA We present Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA to provide additional measures of operating performance and allow for more consistent comparison of operating performance from period to period. EBITDA is a non-GAAP financial measure that provides supplemental information regarding the operating performance of our business without regard to financing methods, capital structures or historical cost basis. Adjusted EBITDA is also a non-GAAP financial measure that further excludes the impact from Non-routine Items and stock-based compensation. Management uses EBITDA and Adjusted EBITDA as alternative bases for comparing the operating performance of Eagle from period to period and for purposes of its budgeting and planning processes. Adjusted EBITDA may not be comparable to similarly titled measures of other companies because other companies may not calculate Adjusted EBITDA in the same manner. Neither EBITDA nor Adjusted EBITDA should be considered in isolation or as an alternative to net income, cash flow from operations or any other measure of financial performance or liquidity in accordance with GAAP. The following shows the calculation of EBITDA and Adjusted EBITDA and reconciles them to net earnings in accordance with GAAP for the quarters and six months ended September 30, 2025, and 2024, and the trailing twelve months ended September 30, 2025, and March 31, 2025: Quarter EndedSeptember 30, Six Months EndedSeptember 30, 2025 2024 2025 2024 Net Earnings, as reported $137,383 $143,520 $260,745 $277,362 Income Tax Expense 39,091 41,731 73,587 78,823 Interest Expense 9,362 10,714 21,078 21,398 Depreciation, Depletion and Amortization 41,989 39,077 82,633 77,427 EBITDA $227,825 $235,042 $438,043 $455,010 Acquisition accounting and related expenses 1 — 1,618 — 1,618 Litigation loss — 700 — 700 Stock-based Compensation 5,468 4,864 10,290 9,403 Adjusted EBITDA $233,293 $242,224 $448,333 $466,731 Twelve Months Ended September 30, March 31, 2025 2025 Net Earnings, as reported $ 446,799 $463,416 Income Tax Expense 122,833 128,069 Interest Expense 40,206 40,526 Depreciation, Depletion and Amortization 164,108 158,902 EBITDA $ 773,946 $790,913 Acquisition accounting and related expenses 1 4,700 6,318 Litigation loss — 700 Stock-based Compensation 19,630 18,743 Adjusted EBITDA $ 798,276 $816,674 1 Represents the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting and business development costs 10
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Attachment 6, continued Reconciliation of Net Debt to Adjusted EBITDA GAAP does not define “Net Debt” and it should not be considered as an alternative to debt as defined by GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total debt that would remain if the Company applied the cash and cash equivalents held by it to the payment of outstanding debt. The Company also uses “Net Debt to Adjusted EBITDA,” which it defines as Net Debt divided by Adjusted EBITDA for the trailing twelve months, as an alternative metric to assist it in understanding its leverage position. We present this metric for the convenience of the investment community and rating agencies who use such metrics in their analysis, and for investors who need to understand the metrics we use to assess performance and monitor our cash and liquidity positions. As ofSeptember 30, 2025 As ofMarch 31, 2025 Total debt, excluding debt issuance costs $ 1,293,750 $ 1,246,250 Cash and cash equivalents 35,033 20,401 Net Debt $ 1,258,717 $ 1,225,849 Trailing Twelve Months Adjusted EBITDA $ 798,276 $ 816,674 Net Debt to Adjusted EBITDA 1.6x 1.5x 11