8-K
filed February 16, 2023, 6:59 PM ET
ticker VMC
CIK 0001396009
earnings
confidence high
sentiment positive
materiality 0.78
Vulcan Materials Q4 adj. EPS $1.08, FY22 adj. EBITDA $1.63B up 12%; guides FY23 adj. EBITDA $1.725-1.875B
Vulcan Materials CO
2022-FY EPS reported
$4.31
revenue$7,315,200,000
- Q4 total revenues $1.73B (+8% YoY); net earnings $119M; diluted EPS $0.91, adjusted $1.08.
- Full-year revenues $7.32B (+32%); net earnings $576M; diluted EPS $4.45; adj. EBITDA $1.63B (+12%).
- Aggregates Q4 shipments -6% on weather/Mexico shutdown; pricing +14% to $16.96/ton; cash GP/ton +11% to $8.19.
- 2023 guidance: adj. EBITDA $1.725-1.875B; aggregates volumes -2% to -6%; price growth 11-13%; capex $600-650M.
- Completed divestiture of NY/NJ/PA concrete ops in Q4, resulting in $17M pretax loss on sale.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Vulcan Materials CO reported the year ended December 31, 2022 results: revenue $ 7,315, net income $ 576, EPS $ 4.45.
- Period
- the year ended December 31, 2022
- Revenue
- $ 7,315
- Net income
- $ 576
- EPS
- $ 4.45
- Result
- reported results
Exact text from the filing
Financial Highlights Include: Fourth Quarter Full Year Amounts in millions, except per unit data 2022 2021 2022 2021 Total revenues $ 1,732 $ 1,606 $ 7,315 $ 5,552 Gross profit $ 350 $ 352 $ 1,558 $ 1,373 Selling, Administrative and General (SAG) $ 126 $ 125 $ 515 $ 418 As % of Total revenues 7.3 % 7.8 % 7.0 % 7.5 % Net earnings attributable to Vulcan $ 119 $ 138 $ 576 $ 671 Adjusted EBITDA $ 375 $ 383 $ 1,626 $ 1,451 Earnings attributable to Vulcan from continuing operations per diluted share $ 0.91 $ 1.04 $ 4.45 $ 5.05 Adjusted earnings attributable to Vulcan from continuing operations per diluted share $ 1.08 $ 1.25 $ 5.11 $ 5.04
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Vulcan Materials CO reported the quarter ended December 31, 2022 results: revenue $ 1,732, net income $ 119, EPS $ 0.91.
- Period
- the quarter ended December 31, 2022
- Revenue
- $ 1,732
- Net income
- $ 119
- EPS
- $ 0.91
- Result
- reported results
Exact text from the filing
Financial Highlights Include: Fourth Quarter Full Year Amounts in millions, except per unit data 2022 2021 2022 2021 Total revenues $ 1,732 $ 1,606 $ 7,315 $ 5,552 Gross profit $ 350 $ 352 $ 1,558 $ 1,373 Selling, Administrative and General (SAG) $ 126 $ 125 $ 515 $ 418 As % of Total revenues 7.3 % 7.8 % 7.0 % 7.5 % Net earnings attributable to Vulcan $ 119 $ 138 $ 576 $ 671 Adjusted EBITDA $ 375 $ 383 $ 1,626 $ 1,451 Earnings attributable to Vulcan from continuing operations per diluted share $ 0.91 $ 1.04 $ 4.45 $ 5.05 Adjusted earnings attributable to Vulcan from continuing operations per diluted share $ 1.08 $ 1.25 $ 5.11 $ 5.04
View on SEC.gov
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