Eagle Materials Inc 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YES☒NO☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.YES☒NO☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submitsuch files).YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oremerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐Emerging growth company☐ Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES☐NO☒ The aggregate market value of the voting stock held by nonaffiliates of the Company at September 30, 2024 (the last business day of the registrant’smost recently completed second fiscal quarter) was approximately$9.5billion. As of May 16, 2025, the number of outstanding shares of common stock was: DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the Annual Meeting of Stockholders of Eagle Materials Inc. to be held on August 4, 2025 are incorporated byreference in Part III of this Report. TABLE OF CONTENTS PART I Item 1.BusinessOverviewFiscal 2025 HighlightsHuman CapitalIndustry Segment InformationWhere You Can Find More InformationItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases ofEquity Securities49Item 6.Reserved51Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations51Item 7A.Quantitative and Qualitative Disclosures About Market Risk69Item 8.Financial Statements and Supplementary Data70Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure116Item 9A.Controls and Procedures116Item 9B.Other Information119Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections119 PART III Item 10.Directors, Executive Officers and Corporate Governance120Item 11.Executive Compensation121Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters121Item 13.Certain Relationships and Related Transactions, and Director Independence121Item 14.Principal Accounting Fees and Services121 PART IV Item 15.Exhibits and Financial Statement Schedules122 INDEX TO EXHIBITS123 Item 16.Form 10-K Summary128 SIGNATURES129 ITEM 1. Business OVERVIEW Eagle Materials Inc., through its subsidiaries (the Company, which may be referred to as we, our, or us), is a leadingU.S. manufacturer of heavy construction products and light building materials. Our primary products, Portland Cementand Gypsum Wallboard, are essential for building, expanding and repairing roads, highways, and residential,commercial, and industrial structures across America. Headquartered in Dallas, Texas, Eagle manufactures and sellsits products through a network of more than 70 facilities spanning 21 states. Demand for our products is generallycyclical and seasonal, depending on economic and geographic conditions. The C