Vulcan Materials Q2 EPS $2.33; raises FY adjusted EBITDA outlook to $1.9-2.0B

Vulcan Materials CO

2023-Q2 EPS reported $3.21 revenue$3,761,800,000

Q2 revenue $2,113M (+8% YoY); net earnings $309M; diluted EPS $2.33 vs $1.50 prior year.
Aggregates gross profit $499M (+24% YoY); gross profit per ton $7.87; cash gross profit per ton $9.76.
Full-year adjusted EBITDA guidance raised to $1.9-2.0B, a $150M increase from initial February expectations.
Cash from operations $508M (+56% YoY); returned $57M via dividends and $50M via share repurchases.
Gross margin expanded 230 bps in aggregates; SAG expense improved to 6.6% of revenue.

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 the second quarter ended June 30, 2023 results: revenue $ 2,113 $ 1,954, EPS $ 2.33 $ 1.50. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $ 2,113 $ 1,954
EPS: $ 2.33 $ 1.50
Guidance: raised
Result: reported results

Exact text from the filing

2023. Financial Highlights Include: Second Quarter Year-to-Date Trailing-Twelve Months Amounts in millions, except per unit data 2023 2022 2023 2022 2023 2022 Total revenues $ 2,113 $ 1,954 $ 3,762 $ 3,495 $ 7,582 $ 6,618 Gross profit $ 583 $ 446 $ 885 $ 715 $ 1,728 $ 1,461 Selling, Administrative and General (SAG) $ 139 $ 134 $ 256 $ 253 $ 518 $ 482 As % of

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Source: SEC EDGAR

accession 0001140361-23-037768

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