Eagle Materials Inc.

) First Quarter Fiscal 2026 Highlights Record Revenue of $634.7 million, up 4% Net Earnings of $123.4 million, down 8% Net Earnings per diluted share of $3.76, down 5% Adjusted EBITDA of $215.0 million, down 4% Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items (including certain non-cash expenses) in the manner described in Attachment 6 Repurchased approximately 358,000 shares of Eagle common stock for $79 million Commenting on the first quarter results, Michael Haack, President and CEO, said, Eagle had a solid start to fiscal 2026, with record revenue of $634.7 million, EPS of $3.76, and gross margins of 29.2%.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

We repurchased approximately 358,000 shares of our common stock for $78.6 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.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

(Net debt is a non-GAAP financial measure calculated by subtracting cash and cash equivalents from debt as described in Attachment 6).

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

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.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

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.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Otherwise, we use our incremental borrowing rate in effect at the commencement of the lease to determine the present value of the future minimum lease payments.

SEC original ↗Eagle Materials Inc. — 10-Q Quarterly report10-QJul 29, 2026

The nation s aging infrastructure continues to need renovation and expansion, which should benefit us as a U.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Finally, we expect that our strong balance sheet, significant cashflow generation, and consistent, disciplined operational and strategic execution through economic cycles provides a platform that should allow the company to continue to deliver attractive shareholder value for years to come.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Craig Kesler Executive Vice President and Chief Financial Officer Alex Haddock Senior Vice President, Investor Relations, Strategy and Corporate Development Attachment 1 Consolidated Statement of Earnings Attachment 2 Revenue and Earnings by Business Segment Attachment 3 Sales Volume, 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 Attachment 1 Eagle Materials Inc.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Our cement companies focus on the U.

SEC original ↗Eagle Materials Inc. — 10-Q Quarterly report10-QJul 29, 2026

Against the current backdrop of ongoing macroeconomic and policy uncertainty as well as adverse weather conditions across many of our markets, our portfolio of businesses continued to perform well, and our end markets remained resilient.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Although the housing market faces challenges due to elevated mortgage rates and other affordability issues, we believe we will be well positioned when that end market recovers given our geographic footprint.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

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.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

For example, increases in interest rates, decreases in demand for construction materials or increases in the cost of energy (including, without limitation, natural gas, coal and oil) or the cost of our raw materials can be expected to adversely affect the revenue and operating earnings of our operations.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

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.

SEC original ↗Eagle Materials Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Legal Proceedings 40 Item 1A.

SEC original ↗Eagle Materials Inc. — 10-Q Quarterly report10-QJul 29, 2026