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Update: Eagle Materials - A Buy On Record Results And Optimistic Outlook

Eagle Materials (NYSE:EXP) announced record results for the third quarter of fiscal 2015. The company generated record revenue growth of 27% to $292 million. On the back of stable economic environment, sale volume and prices increased across all major business lines. Net prices for cement and wallboard increased 8% and 11%, respectively over the past year. Thus, Eagle had posted record cement earnings of $37.6 million, paperboard earnings of $9.1 million and Wallboard earnings of $40.0 million. Overall, its earnings per share stood at $1.03, representing an increase of 63% over the past year's…