earnings
confidence high
sentiment positive
materiality 0.75
Vulcan Materials Q4 2023 EPS $1.72 (up 89% YoY), Adj EBITDA $476M; guides 2024 Adj EBITDA $2.15-2.30B
Vulcan Materials CO
2023-FY EPS reported
$6.98
revenue$7,781,900,000
- Q4 EPS $1.72, up 89% YoY; Adjusted EPS $1.46; revenues $1.834B, up 6% YoY.
- Full-year Adj EBITDA $2.011B, up 24% YoY; aggregates cash gross profit per ton $9.92 (+21% YoY).
- 2024 guidance: Adj EBITDA $2.15-2.30B; aggregates price +10-12%; shipments flat to -4%.
- $428M returned to shareholders via $200M buybacks and $228M dividends; debt/Adj EBITDA 1.9x.
- Concrete ops in Texas divested for $485M proceeds; $204M spent on strategic reserve purchases.