Thank you, Call XXXX. Eagle Conference Welcome is Good our Fourth morning. for Year Haack. to Quarter Michael Materials' Jamie. and This Fiscal
the and Kesler, Joining access are and it, call. eaglematerials.com made Corporate webcast. be to of our in Alex will Strategy Haddock, and There please the slide Chief Investor me go Relations, Senior Craig link click To Financial a today Development. connection President Vice this to Officer; on presentation with
the during accessing that first you're note While slides, regarding the slide please disclosure, cautionary forward-looking covers this our statements made call.
are those uncertainties that discussed statements could from call. to the differ to These risks during subject cause and results
our this refer information, For Press which further of to disclosure, also included is please Release. at end the
saying Thank not industry-leading to report today yet produce you. society. productive our to products simply materials Materials. daily America safety year me you thank benchmark and better. made we operational another produce at each of excellent to Materials performance out use brings I in -- safe, that to Eagle you the customers. 'XX you to support Eagle employees our a specifically, brings believe to quality operations Let our our investors diligently start customers local More you, Without record financials, who of who be the make year, able to our value for Thank working would fiscal that thank Eagle year on statistics and by
people. -- to on most our most take our valuable minute me asset, a comment let First, the
they businesses. time their health, our are our able lost to on rates Eagle, role people with all dependent X were below total the At we our to and In incident safety that are regard, environment. and we industry results to of this dedicated I'm report to Our sustain employees. and respect continuously recordable developing understand happy across ensuring our
until complete achieve we not on work be zero. Our will safety
We our XXXX leading near indicators as an will by observations on since drive continue to and workplace. highlighted and create increase hazard safer XX% change to focus miss even
to released regards demonstrated headway we quarter. With in -- sustainability earlier which stewardship, environmental made year our this this and updated report, as meaningful corporate demonstrated we
a from this report. I'd highlight like few to items
Our Portland transition from traditional to Cement cement carbon close early. aspiration other products, our products for Limestone and XXXX to intensity blended achieving reduced
We company-wide efficient. to by continue find consumption to We to to level this water years intensity coming continue will goal. over be reduce and more reduced ways find water XX% ways exceed our to the will our XXXX
of terms and sustainability new X around report we progress, and Scope align TCFD to we data frameworks. X reporting with incorporated SASB our started In and how have disclosures report, emissions our Scope we our in including
achieved the We a in due now year results consecutive to despite financial the in of to for financial and and quarter. record weather Turning third cement heavy maintenance results businesses QX increased costs. adverse weaknesses year some our the
just some financial of for Let year. me fiscal the mention highlights the
XX basis record $XX.XX. and million. by of and cash flow to expanded of points diluted record reported billion we EPS XXXX, gross operating of fiscal During XX.X%, We generated revenue we margins $X.X $XXX
you, our success As of execution contributes of every always, our talent company. one and of and the you. to a the strategy, whom to our commitment consistency and this ongoing these soundness to congratulations of results our are of deep each testament our employees, Thank of
feed and demand systems. I side few did not picture affect discuss I'd and take had The the be effect minutes fourth did equipment if regarding costs to failures knock-on to a results. quarter due remiss our several weather a frozen
to that fact an do when contract the open to we was do from the chose had the window some However, driven of larger so. part we maintenance
completed the past would It have the over we and reduced, to was some very want us that the the great shipping time a systems in always heavy have in demand these new a front and during our several favorable was year early. years. window later for condition, do normally demand years. We picture coming when especially of Customer production in we happened see run hard like work plants
Let market our to the turn drove performance environment this year. me that past financial
most construction Our Last for multifamily of the that the macro path limited in consumer the true to year, dynamics single-family home strength U.S. markets is overall mirror dynamics monetary the elevated. continue supported market, and of the the the business. U.S. many light policy. side economy, continued of fiscal and inventory of of broader the supply the conditions remain will our This follow while U.S. the existing
uptick increase materialize. As year, positive recent indeed in to in fiscal are market dynamic mortgage the X this the see while single-family is consumption even are be we if likely signs new the market. move than rates, a to on there overall into units, does housing for multifamily the drag with more residential single-family Xx industry could units Because wallboard net multifamily a our intensive
bottom Additionally, to light exit market uncertainties and and in around repair out clearly more is The supply-demand heavy side. recent picture side the could suggests this increasing that calendar our less we data interest demand year of is defined as remodel business for rates. the our sensitive the possibly further
remain XXXX, was the of fiscal business the fundamentals down in heavy our in sector fourth in quarter volume positive. While underlying the
the expect spending and also somewhat, some continue Nonresidential moderating We manufacturing pockets to and spending. infrastructure federal levels. while grow of to state into increase to local XXXX, cycle at already unprecedented as the should offset construction, public spending of healthy nonresidential weaker year the adding construction this
of adding believe change remain construction demand cement overall picture constrained picture we medium nation's our and the Wallboard term. industries XXXX and meaningfully earlier, of supply will not full calendar half the will the needs, although clear to the signs difficult, capacity will XXXX. the many not over of likely early become of much showing In the until recovery, back also As there and residential is face mentioned
about we well. and we year businesses for As businesses all remain optimistic demand will structural long-term profile demand midterm our from of of believe all benefit look as to trends our the we the ahead,
allocation. a time little on capital spend me let Now
a reminder, X like acquisitions to stock and around As growth organically; through condition pillars: facilities returning main capital shareholders, second, allocation primarily through and first, cash repurchases. priorities new keeping third, revolve our our
me past start priority our first X announcements regard. with Let strict off the this or of we in organically return where our This growth exciting made meets growth acquisition, criteria. through financial quarter,
of through Texas our Buda, Once Lehigh, First, plant Houston. our terminal This ethos slag facility capacity summer, Lehigh of Cement have is capacity JV. incremental import grinding tons of cement the of will fully the and facility slag. start-up Texas manufacturing manufacturing Texas an XXX,XXX to annual in operation the new
Black other like products. cement needs Ash. of will alternatives the the given carbon-intensive availability is be to of fast-growing crucial facility The less market another especially Fly portfolio in lended like decreasing cementitious step transitioning to cement meeting the our Texas,
$XXX Colorado. The and facility is a million to second and our in investment an project plant additional expand in growth Mountain distribution cement organic Wyoming Northern modernize includes Laramie,
Mountain by approximately the position high-growth investment strategy. carbon increases Eagle's approximately in intensity that Cement by business market. XX%. XX% our and in of enhancing manufacturing the checks boxes costs low-cost it a lowers all XX%, reduces Our It It of by capacity
the combined Wyoming These growth generate Cement and completed Texas, year Laramie advance the high acquisition expansion, returns. investments, plant facility should beginning strategy the Stockton, meaningfully cement at Terminal with California Slack of our in new the
aggregates our of integrating like efficient, our conditions down which our second our and were Battletown, Moving by pillar on we for business, be cycle any new to to able full in of keeping optimize this become we network Kentucky took ownership assets conditions, year. prepared economic more
sake a footprint. complementary cement aggregate Battletown to at extends our our network existing
operating control material next investments costs. and our our decisions own reserve, raw to Our supply our lower materials plants raw transportation us also to an our in efficiency helping abundant decades-old include ensure are
We are ongoing to like also condition. to plants targeted maintenance keep new dedicated the and
returning of excess to This shareholders. flow the cash pillar leads third to me management, capital
discipline performance our year, strong excess operational initiatives capitalize growth the enterprise share cash even an as repurchases of in and putting Our flows, invest returned consistent we we sustainability to us enviable on businesses. million returning of through This fiscal produced past financial shareholders to $XXX dividends. in position and shareholders capital and
share the has X nearly by last overall flows our stock buyback years, XX%. program the Over reduced
healthy strategy is us our to X.Xx staying execute capital at substantial flexibility giving with in leverage net varying allocation market sheet balance Our ratio conditions. disciplined financial our
With that, I'll turn it comments. over to for Craig more
