Vulcan Materials Q1 Revenues $1.55B, EPS $0.78; Margins Expand, Outlook Reaffirmed

Vulcan Materials CO

2024-Q1 EPS reported $0.77 revenue$1,545,700,000

Total revenues $1.546B, down 6% YoY; net earnings $103M ($0.78 diluted EPS) vs $121M ($0.92) last year.
Aggregates cash gross profit per ton up 10% to $8.86; freight-adjusted price rose 10% to $20.59/ton.
Adjusted EBITDA $323M (20.9% margin) vs $338M (20.5%); TTM Adjusted EBITDA $1.997B (+20% YoY).
Full-year 2024 Adjusted EBITDA guidance reaffirmed at $2.15-2.30B; capex expected $625-675M.
Redeemed $550M 2026 notes with cash; returned $81M via $19M buybacks and $62M dividends.

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 updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2024, Vulcan Materials Company announced its financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001140361-24-023839

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