earnings
confidence high
sentiment positive
materiality 0.75
Vulcan Q2 revenue down 5%, aggregates price up 12%; FY guidance revised for weather
Vulcan Materials CO
2024-Q2 EPS reported
$3.08
revenue$3,560,100,000
- Q2 total revenue $2.01B (-4.7% YoY); diluted EPS $2.33 flat; adjusted EPS $2.35 vs $2.29.
- Aggregates cash gross profit per ton up 12% to $10.92; shipments down 5% to 60.1M tons.
- Full-year outlook: net earnings $0.95-$1.07B, Adj. EBITDA $2.00-$2.15B; shipments down 4-7%.
- Repurchased $50M shares and paid $61M dividends in Q2; debt/EBITDA 1.7x.
- Bolt-on acquisitions in Alabama and Texas; 2024 capex $625-$675M.