Vulcan Materials Q3 revenues up 38%, adjusted EPS $1.78 vs $1.54; raises FY EBITDA guidance to $1.64-1.68B

Vulcan Materials CO

2022-Q3 EPS reported $3.42 revenue$5,583,300,000

Total revenues $2.088B, +38% YoY; aggregates pricing +12% to $16.79/ton.
Adjusted EBITDA $507M, +21%; adjusted EPS $1.78 vs $1.54.
Net earnings $178M ($1.33 diluted) include $0.48/share charge for assets held for sale and $0.13/share gain on real estate sale.
FY 2022 adjusted EBITDA guidance raised to $1.64-1.68B; aggregates shipments exceed expectations.
Acquired aggregates assets in Northern California and a quarry in Honduras during Q3.

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