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Eagle Materials reports Q3 earnings


February 4, 2011
By Newsy Stocks

NEWS HIGHLIGHT

Eagle Materials reports Q3 earnings
Eagle Materials Inc. reported financial results for the
third quarter ended Dec. 31, 2010. The results showed operating
earnings from cement were $ 15.3 million, a 14 per cent increase from the
same quarter a year ago.

Feb. 4, 2011 – Eagle Materials Inc. reported financial results for the third quarter ended December 31, 2010. The results showed operating earnings from cement were $15.3 million, a 14 percent increase from the same quarter a year ago. The earnings increase reflects improved sales volumes and lower operating costs.

Cement revenues for the quarter, including joint venture and inter segment revenues, totaled $54.9 million, 3 percent higher than the same quarter last year. Cement sales volumes for the quarter were 619,000 tons, 6 percent above the same quarter a year ago. The average net sales price this quarter was $80.11, 5 percent less than the same quarter last year. | READ MORE


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