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The housing market has come such a long way since the mortgage meltdown but it's also seen a bit of slow down the summer after charging ahead.
As interest rates start to tick higher in Verizon home builders rushed to keep up with demand.
Let's find out who's the real opportunity for your portfolio we bring in the CEO of a company that is literally helping to build up that recovery Steve -- is the CEO and president of Eagle Materials.
Joining us in a Fox Business exclusive Steve.
Your company is awfully exciting you do the building materials part of -- right and an SU look at what happened from quarter to quarter.
You missed on both the top and bottom line we'll get to about a mom and I'm less interested in that -- way more interested in why you think he saw a little bit of a slowdown from Q1 to Q2.
While in fact things really haven't proved to Q1 to Q2 we did have a little seasonal weather.
It -- it at the beginning of this quarry.
But to what's really exciting news to see a company that has the ability to improve and grow and continue to.
Outperform the competition.
You know let me clarify.
Not specifically you put of the nine largest publicly listed -- homebuilders.
While they were up this quarter 10% year for years they had been up 22%.
To the first quarter so.
There is what I'm talking about when I see just a little bit.
-- hold back.
Are you feeling that at all.
So all of our construction markets has improved year over year.
And some of them greater than others -- Markets that are close to the shale energy of boom are are doing exceptionally well and -- were fortunate to be near a number of those.
Okay what I try to do is that is that really where you see a lot of opportunity in the future because 50% of your business we should clarify comes from the the housing industry but.
Fracking -- and this product that you're able to put in there which is hydraulic track Sam used in hydraulic fracturing.
Is something that is is I guess in in bigger demand do you think that that's what's really going to be a creative and -- your bottom line.
That that is our that is where we're continuing to focus and -- the company we also produce a special cement.
For Casey Anthony's the oil -- -- we're able to take advantage of the energy play in multiple ways but.
In addition of that there's just -- a lot of construction activity in that area.
So we can also supply the wall board.
Which -- includes the the paper that comes for a paper mill.
So we weird grow by having set in just a fantastic group of employees.
Who had significantly outperformed.
We're able to take advantage of the growth opportunity.
And significantly expand -- cement business expanding -- to Oklahoma from Kansas Missouri and Nebraska.
By buying a couple of two or three new operations to cement plants of the concrete aggregate operations.
Well cement and aggregate.
They are a big part of your business but here's what.
Worries me they're heavy and they cost a lot to transport and then all you have to do is look at an oil chart and see that -- here we're now up and and that about a 10605.
Dollars a a barrel -- for crude -- it are you worried about that if if oil goes meaningfully higher.
How is that going to affect your company.
We will continue to produce sell more products to -- to meet their demands that the price.
Four first -- -- -- oilfield.
Work is much greater than general construction.
And we'll continue to focus on producing more products to to service -- oil service company.
Steve your stock is up 68%.
Year over year he made it through tough times in the in the early stages of the recession so congratulations great to have you on the show.
-- thank you Steve early as president and CEO of Eagle Materials we have --
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