Eagle eyes growth

Eagle has its eye on increased profits. Eagle Materials Inc. reported financial results for the first quarter of fiscal 2007 ended June 30, 2006 and issued guidance for the second quarter of its fiscal year 2007. Eagle produces and distributes Gypsum Wallboard, Cement, Recycled Paperboard and Concrete and Aggregates. For the quarter ended June 30, 2006, revenues and net earnings were $260 million and $59 million, respectively. Revenues increased 27% over the prior year first quarter and net earnings increased 69% over the same period last year.Revenues from Concrete and Aggregates were $24 million for this year's first quarter, 5% greater than the $23 million for the first quarter a year ago. Concrete and Aggregates reported a $4 million operating profit for this year's first quarter, up 9% from the same quarter last year, due to increased net sales prices at both of its operations. Its Aggregates segment reported sales volume of 1.3 million tons for the current quarter, 17% less than the 1.6 million tons reported in the first quarter last year. Its Aggregates quarterly average net sales price was a record high $6.57 per ton during the first quarter and was 15% above last year's first quarter Aggregates average net sales price. Your comment?