Filing Flows › Eagle Materials (EXP) › Q2 FY27
Eagle Materials (EXP) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 4, 2026
Eagle Materials (EXP) reported revenue of $653M for the second quarter fiscal 2027 (Q2 FY27), +2% from a year earlier and +0.3% from the quarter before. Operating margin was 22.0%, net earnings $112M (17.1% of revenue).
Eagle Materials, Q2 FY27: revenue $653M (+2% year over year), operating margin 22.0%, net earnings $112M, operating cash flow $210M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $653M | +0.3% | +2% |
| Gross profit | $175M | +8% | -13% |
| Operating profit | $144M | +9% | -19% |
| Net earnings | $112M | +9% | -19% |
| Operating cash flow | $210M | +36% | +3% |
| Free cash flow | $81.0M | +141% | -16% |
What changed
Revenue was $652.7M in Q2 FY27, up 2% year over year and roughly flat from the previous quarter.
Gross margin was 26.8%, down 4.5 points from Q2 FY26. Operating profit was $143.5M, a 22.0% margin (down 5.6 points year over year). Operating profit fell $32.9M even though revenue rose $13.8M versus Q2 FY26, so costs grew faster than sales. Operating expenses grew 34% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+122%). Net earnings were $111.5M, down 19% year over year. The effective tax rate was 22.3%.
Operating cash flow was $209.9M (up 3% year over year), 188% of net earnings. Non-cash charges added back $41.8M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items added $51.2M. Capital expenditures of $128.9M left free cash flow of $81.0M.
Questions
What was Eagle Materials' revenue in the second quarter fiscal 2027?
Eagle Materials (EXP) reported revenue of $653M for the second quarter fiscal 2027 (Q2 FY27), +2% from a year earlier and +0.3% from the quarter before.
Was Eagle Materials profitable in the second quarter fiscal 2027?
Operating profit was $144M (22.0% of revenue) and net earnings $112M.
Source: Eagle Materials 10-Q on SEC EDGAR.