earnings
confidence high
sentiment neutral
materiality 0.75
Vulcan Materials Q3 earnings: revenue down 8% YoY; aggregates pricing up 10%
Vulcan Materials CO
2024-Q3 EPS reported
$4.65
revenue$5,564,000,000
- Q3 revenue $2,004M vs $2,186M YoY; net earnings $208M ($1.57 diluted EPS) vs $276M ($2.09).
- Adjusted EPS $2.22 vs $2.29; Adjusted EBITDA margin expanded to 29.0% from 27.6%.
- Aggregates shipments fell 10% due to weather; freight-adjusted price per ton rose 10% to $21.27.
- Recorded $87M pretax goodwill impairment on Northern California concrete assets.
- Acquired Wake Stone Corporation (pure-play aggregates) for ~60 years of reserves; closing expected in Q4 2024.