Thank you. for is Materials call to Haack. morning. first quarter Welcome our This Eagle for conference Good fiscal Michael XXXX.
Joining Development and Financial our Executive Craig President Communications. me Bob Vice Corporate and Stewart, Chief Strategy, of today are Officer; Kesler,
slide To click glad a access the go eaglematerials.com could and it, the will you connection link webcast. in are with us please made We There with on to today. be be presentation this call. to
please slides, disclosure to the uncertainties accessing the made first this the cautionary you're While cause statements differ and our covers note discussed during to call. regarding during results slide those that could risks statements forward-looking from are call. These subject
included end For press release. at our further please is the to information, of refer this disclosure, also which
We times. prices prevailing in increases by record able to -- conditions price am in wallboard quarter, XX% per Eagle. cost nearly higher just a once gross up and to net we for We saying demand margins had want market share strong realized margins in This we remain Business a enjoyed a reflecting revenues. I points, benefits cement. good producer headwinds XX% very by to quarter. the commodity result. not U.S.-operating the I tough realize overcame and start again XX our bringing times, to for we this inflationary expanded low-cost cement achieve being in for as very adjusted conditions for illustrates that industry has XX% favorable report geographies. gross we good basis XX% First, our on favorable earnings capitalize product our on record pleased to We're off market
virtually second round out cement price sold remain We position. the in starting this are in month as we implementing increases a of
this others less for construction what up many We capacity of headroom our of aspects the is now investors' cycle? actually minds is have The quite X% wallboard volumes I'm and on left confident quarter. about ahead outlook the I'm and about. and some were wallboard Some question confident
I'm confident is by and for which how will Fed by moves of business consumer is strength slow infrastructure The thing and First that less how spend, more policy the about long? question our economy. driven is Much is much eventually dependent. dependent
the the existing a We're state investment is both the in to and for side, only infrastructure, for On infrastructure additional adding renewing the outlook very but infrastructure. seeing good. infrastructure willingness is level. federal invest This not
more ever it of as fact, to arguably been recognition there than need there's in relates In this before has funding visibility both aspect clarity, and outlook. the
housing side, the to play of -- which for will out on cycle critical For answer uncertainty the to housing most single To more side our -- use the outlook. represents heavily the the products, depend the there's consumer. will answer end how the
is is demand units November where this far, mid-term because support have have consumer highest under for since the confidence is at actually XXXX. of it housing and a about XXXX outlay year with The construction home longer sheets, associated has the at under balance funding family construction drivers of product for, rate the remarkably of I set and bolstered for multifamily highest and this construction My building a our allocations funding this the spending prospects. the visibility largely of highway record the demand. Single questions. security from by Record and high see will level construction year. The over a been will momentum through they the level units resilient, household of term and So job been stronger years. in jobs since two is standpoint us in sense backlogs year about next part demand for on for more accelerate budget materials will of our of state products. Short-term, pace federally-aided
we most the corresponds inclined what to will the to overshoot, XX are undershoot and control age efficiently, is demographics. focus it's most on frequently safely, when is that value our is control. Will to established we uncertainty. is under most families greatest do our This housing group always group to XX it add through entirely increase not the where the what is me right? is shareholders. just becoming buying The the the confidence further important buy our XXXX. about Fed increasing on gives focused will and our age operating as and in has is plane home Regarding short, Fed or assets and we expected does homes. In land to cohort as long-term, Therefore, been What traditionally have the effectively. Mid-term to
and We for are the well-positioned well-prepared eventualities. mid-term
meet up led returns, Our we margins, strategy industry; cycles track confident are will record has arguably the environmental safety, today. same the sharing in through that stewardship, any steadfastness may served in that I'm mid-term results in with challenges both is EBA, execution the to our be we you satisfaction, name you it. unrivaled and the customer with
cycle well-positioned, and are experienced. We well-prepared,
to our We also steadfast hold investment to priorities continue disciplines. and
and remains criteria. first priority investments. Our disciplined highly We about improvement and our focus remain return growth strategic
of acquisition One in growth of and producer or are do time, we these network this acquisitions decades market of in were positions. we our growth's expanding We where aggregate multiple Denver. continue operations aggregates pursuit and such cost today. our was in Having us we producer to smaller aspect at our not a meet cement that, directed that for acquisition that At able terminals, sake. participate close criteria. improving will our gives extending aggregate the to quarter compromise the are find either This said of and concrete low north a
when have cash meet Our that record we strong through not do criteria, we especially share free repurchases. cash to and track growth of find flows strong our are a investments returning shareholders,
XXX,XXX to pleased I'm repurchase no was we shares quarter. to million say exception. invested $XXX quarter this This
It our agenda. priority a social advancing company one. and us for is and environmental personal priority a critical Another is
We further in carbon rollout and go of our finite on use of the yard on clinker concrete continue making progress production per basis. a which cement initiative, reduce will our the limestone make footprint
Specifically, price limestone add product. presenting the mid-term sales cement cement. good over cannot Portland our uncertainty were our the Fed well-positioned the might as the at economy nearly XX% are new I'm opportunities the I our and of when business In that with today. about to is well-prepared were the challenges it to a quarter start. traditional is and summary, equivalence today than mount ahead. usual pleased for meet quarter for We I this employment long-term is inflation and This rebalances limestone in of prospects half goals. was but confident only our the these about short-term as are company accomplishment, eventualities the one and cement optimistic our of for a sales largest a capture system. we a and more to the cement, report introduces assure I the that themselves and the at you that that recognize across plants major us. as sales milestone conclusion, feel of remain but help any major
Craig the the turn for Now, to let financials over to quarter. it discuss me
