Eagle Materials celebrates spinoff, 10 years on NYSE by ringing closing bell

Pit & Quarry, March, 2004

Eagle Materials Inc.'s President and CEO Steven R. Rowley celebrated the spinoff of the company by ringing the closing bell at the NYSE on Feb. 9.

Eagle Materials Inc., a publicly held company formerly known as Centex Construction Products Inc., was spun-off by Centex Corp. effective January 30. At that time, the name change occurred and the company changed the trading symbol for its common stock to EXP and EXP.B. Calendar 2004 also marks the 10th anniversary of the company's listing on the NYSE.

"Eagle Materials Inc. has been a steadily growing business for over 40 years by remaining focused on trust and value, with our customers, our employees and our shareholders," Rowley says. "We are proud to mark this special anniversary on the New York Stock Exchange as a completely independent company with a new name. As we continue to implement our strategy of disciplined growth, we are confident that we will maintain a position of strength in our industries and further improve our financial position."