Vulcan Materials Q1 EPS $0.92 beats $0.70 YoY; raises FY EBITDA guidance to $1.85-1.95B

Vulcan Materials CO

2023-Q1 EPS reported $0.90 revenue$1,649,000,000

Q1 diluted EPS $0.92 (adjusted $0.95) from $0.70 ($0.73); net earnings $121M up 32% YoY.
Aggregates freight-adjusted price per ton $18.67, up 20% YoY; shipments down 2% to 51.7M tons.
Full-year Adjusted EBITDA guidance raised to $1.85-1.95B; aggregates price growth expected ~15%.
Cash gross profit per ton in aggregates improved 23% to $8.02; gross margin expanded 170 bps.

item 2.02 item 9.01

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 first quarter ended March 31, 2023 results: revenue $ 1,649, net income $ 121, EPS $ 0.92. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $ 1,649
Net income: $ 121
EPS: $ 0.92
Guidance: raised
Result: reported results

Exact text from the filing

Total revenues $ 1,649 $ 1,541 $ 7,424 $ 6,025 Gross profit $ 302 $ 269 $ 1,591 $ 1,413 Selling, Administrative and General (SAG) $ 117 $ 119 $ 514 $ 448 As % of Total revenues 7.1 % 7.7 % 6.9 % 7.4 % Net earnings attributable to Vulcan $ 121 $ 92 $ 604 $ 602 Adjusted EBITDA $ 338 $ 294 $ 1,669 $ 1,501 Earnings attributable to Vulcan from continuing operations per diluted share $ 0.92 $ 0.70 $ 4.67 $ 4.54

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Source: SEC EDGAR

accession 0001140361-23-022853

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