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Eagle Materials launches strategic review

Apr. 18, 2019 9:01 AM ETEagle Materials Inc. (EXP) StockBy: Carl Surran, SA News Editor
  • Eagle Materials (NYSE:EXP) says it has begun a strategic review of its portfolio of businesses - heavy materials, light materials, and oil and gas proppants.
  • EXP says it will "consider the full range of options focused on enhancing the value creation potential of Eagle, including separating the businesses and evaluating potential transactions, among other strategic and financial alternatives."
  • EXP also says it expects FQ4 revenue of $283M-$285M and adjusted EPS of $0.85-$0.89 with GAAP net losses of $2.80-$2.84/share.

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