earnings
confidence high
sentiment positive
materiality 0.75
Vulcan Materials Q3 2021: Aggregates profit up 10%, EBITDA up 4%; raises FY guidance to $1.43-1.46B
Vulcan Materials CO
2021-Q3 EPS reported
$3.99
revenue$3,945,897,000
- Revenue $1.52B (+16% YoY); adjusted EPS $1.54; excludes $28M acquisition costs and $6M other charges.
- Aggregates gross profit $372M (+10%); same-store shipments +5%, mix-adjusted price +3.5%.
- Full-year Adjusted EBITDA guidance raised to $1.43-1.46B (includes US Concrete earnings).
- Closed US Concrete acquisition on Aug 26; integration progressing with new growth opportunities identified.
- Non-aggregates gross profit $22M vs $43M prior; asphalt hit by higher energy costs and weather.