our Good and fourth to this XXXX. quarter joining slide of in Craig Michael Jamie. Stewart, made and call Vice presentation There Executive This Materials will for call. Haack, President Kesler, are today our and Corporate me with Financial morning. you, Officer; Eagle Bob Development Welcome Strategy, conference is Chief Communications. Thank connection fiscal a year be
to and access the please link to on To webcast. eaglematerials.com click it, the go
accessing made you're note are the call. While from uncertainties slides, the that differ discussed disclosure statements to and those first please cautionary our during that regarding slide results call. could subject These during covers to risks forward-looking cause statements this the
please included to is press refer of our which disclosure at end information, also release. this For the further
am across Materials Eagle's head is all Today, reared that for announce operational. the success when have board, to the led you I safe results This success XX the financial months. operational simply long think are these have first, about hours last and uncertainties remarkable record Eagle in proud market during safety, their we put industry. people achieve our in fact this the to past the that, year. areas from Many that in financial the results of these to best our personnel record
Eagle is today. it what to want make employee each thank you I as Eagle
that uncontrollable, control and serves remain position at any the spend focused Eagle, to affect our we time of the what cycle. could in maintaining well that low-cost like Second, the we not financial economy. on do direction us trying is U.S. producer We our
priorities react any steadfast market in flexibility us remain the gives in which Third, our condition. capital allocation we to
results, a few me starting talk our let Now with regarding details safety. about
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up Eagle's was up showing with up QX EPS annual was XX%. $XX.XX, at XX%, $X.XX, momentum
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of control operating were Operationally, business our strength and improvement point in to year. also was able reflected pricing achieve XXX our in Wallboard, we initiatives basis margins. the a this In our cost
XXXX, year side, we cement January X On price fiscal our in increase. including the heavy implemented recent increases price
the we a We early our believe multiyear business. for are that in continue tailwind to stages cement of
acquisitions this strengthen its I beyond million. and to well through able fiscal totaling we initiatives executed results, was $XXX how year. want Eagle our Looking highlight to almost XXXX, strategic also financial our year priorities network on several In
leverage expanding cement acquisitions criteria, Because and million always strategic below this for our buyback alongside looking maintained our program. network our of flexible $XXX improving and our our our in dividend producer our transformative X.X bought our acquisitions of were share were meet of terminals, executed while our [ph] bolt-on robust are and shareholders, that X.Xx. quarterly low-cost operations simultaneously aggregate million back cash nature extending flow generation, acquisitions returned these keeping position. We we acts year also While financial to shares
of an close with transition the Cement environmental or want to to out I Eagle, review in update Portland our PLC. strategic on Finally, Limestone sustainability our year priority another for top
First, highlight and the February, have the environmental that social and our to path for highlighting to updated disclosure I'm happy in forward we Eagle. date done we report work
We have implementation on we'll progress made our and work significant continue strategy. of the to
to the I'm XX% at than was pleased PLC, XXXX. and year, to for year were As over the report by PLC the we fiscal the XX% our end beginning able cement less transition of to that of of
of while ahead, year. November's We to last I'd summary, year That not XXXX some to passed what to Public of operationally the the looking prouder that by to leads for work support there today, topic like be are strategically, on-track achieve for XXX% more demand this able I'll and on of into with spend could infrastructure at me all we time following infrastructure-related remains environmentally, start construction-grade next midterm our bill percentage the PLC. ahead. cement achieve is picture side. were heavy In as through high conversion seen large elections. the improvements I
state states from from continues benefit beginning Jobs in. local receipts, tax to which and level spending are in last a Act Infrastructure and Eagle budgets to see meaningful We should the healthy to in the multiple is operates years. addition and the increase in which funding done at especially This Investment the
grown point, states contract XX% in XX in in awards last Eagle's have As footprint the across case for highways, bridges months. a by tunnels cement over infrastructure and
supply side let's talk the about for Now, heavy.
material to in requirements. with one and the discussed get investment if unlikely timelines, due past, even can I've you the tailwinds supply cement, demand multiyear permitting for to is As capacity increase
has for reach end, allows to cement This increased several in on the announced, Nevada as participate supply-demand the closed in distribution the and of the businesses. In market dropped. in of These robust of our even reinforce optionality term we To Northern area where previously side needs a part over in outlook Plant. supply last an is import has our increasing dynamics challenged years, terminal network Heartland consumption fulfilling recently manufacturing California that we system. and our cement a heavy clinker U.S. mid- long our while as as fact, acquisition our strengthen cement production Eagle acquisition expand cement customer across Cement strategy manufacturing to our
however, resilient. words Reserve's picture construction demand areas say Next, few Wallboard. picture economy a that about There makes of does for strength question setting around let unclear. the U.S. remain the uncertainty Federal U.S. the me is year's activity proven incredibly certain continued next or no the that have What housing clear, is demand policy
under level since be the multifamily construction highest XXXX. at having still under For units at levels with shows example, construction to data near units record
months core starts Southern supply still seeing the hitting Eagle's are X-month homebuilding stock March. of all-time inventory rebound the sustaining of and sitting expected high continued states years footprint few outlook low historically stable a levels equity. activity. Furthermore, high also grow at of and at repair in home Home over a are next of housing the and primary modeling levels remodel seems to years with homeowners home through
the reduction The Gypsum remains Wallboard and supply side, capacity in curve accessing industry. it crucial structurally in reasons. impacting the utilization and is the for as the natural wallboard East like gypsum material for On is the different a cost synthetic gypsum raw significantly supply albeit that in to challenged, difficulty note cement,
dip any flat supply a XXXX. demand is a This since lack we've not cycle. seen of As prior result, cycles. new remained has unlike same past means the essentially -- nameplate does that in pricing It capacity pressure in necessarily
in market With we have we the the can handle some have reason proven if cautiously to volatility picture, to were be supply-demand we materialize. optimistic as it
proven we Given the up of nature Wallboard and can that business, flex production have cost variable the down we appropriately. Gypsum
cost should to side, the paper the a buffer. in our namely input recycle On OCC natural stabilization provide and gas continue costs
showed are our many year and today to demand quarter reasons strong optimistic there about our the is As be future. and
and will In on the to for within in continue control. our well we year preparing things summary, focus ahead, executing
that we'll means, investing keep in first, our Eagle, core. For
Our well on opportunities core prepared businesses capitalize and positioned ahead. are well to
maintaining sustainability in capabilities and continue term. like investing our in the improving condition, long our new invest in will We for our operational plants technology and to
cycles, This keeping with any currently on be any a for balance prepared manage capitalize organic will healthy X.Xx, inorganic ensuring can Secondly, at eventuality. to while or we leverage allowing opportunities. us includes sheet we
focused third, Operationally, our strategic safe, capital on our cement highest returning meeting our and and emphasis we to financial broadly. executing levels the on seek heavy-side criteria. environmentally, initiatives, cash stay including And with that relentlessly we our will continue limestone priorities. to employees prudently that at needs and grow shareholders. It meet important we acquisitions to our will Strategically, customers. means keeping sustainability businesses the sticking our to allocation means also priorities, drive will And more our of an our
quarter. our With financial over to that, let the of it Craig review for turn me
