DALLAS, July 28 /PRNewswire-FirstCall/ -- Eagle Materials Inc.
(NYSE: EXP and EXP.B), announced today that its board of Directors has
authorized the repurchase of an additional 1,800,000 shares of common stock
raising its current repurchase authorization to approximately 2,000,000.
Share repurchases may be made from time to time in the open market or in
privately negotiated transactions. The timing and amount of any repurchases
of share will be determined by the Company's management, based on its
evaluation of market and economic conditions and other factors. The
repurchase authorization applies to both classes of the Company's common
stock.
Eagle Materials Inc. is a Dallas-based company that manufactures and
distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and
Aggregates.
Forward-Looking Statements. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified
by the context of the statement and generally arise when the Company is
discussing its beliefs, estimates or expectations. These statements are not
historical facts or guarantees of future performance but instead represent
only the Company's beliefs at the time the statements were made regarding
future events which are subject to significant risks, uncertainties and other
factors many of which are outside the Company's control. Actual results and
outcomes may differ materially from what is expressed or forecast in such
forward-looking statements. The principal risks and uncertainties that may
affect the company's actual performance are described in the Annual Report on
Form 10-K for the Company for the fiscal year ended March 31, 2004. This
report is filed with the Securities and Exchange Commission and may be
obtained free of charge through the website maintained by the SEC at
http://www.sec.gov . All forward-looking statements made in this press
release are made as of the date hereof, and the risk that actual results will
differ materially from expectations expressed in this press release will
increase with the passage of time. The Company undertakes no duty to update
any forward-looking statement to reflect future events or changes in the
Company's expectations.
SOURCE Eagle Materials Inc.
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Related links:
http://www.eaglematerials.com
CONTACT:
Steven R. Rowley, President and CEO, or
Arthur R. Zunker, Jr., Senior Vice President and CFO, both of
Eagle Materials Inc., +1-214-432-2000
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