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BIRMINGHAM, Ala. - Vulcan Materials Company (NYSE:VMC), the largest U.S. producer of construction aggregates, reported first-quarter earnings that exceeded analyst expectations on Wednesday.
The company’s shares were up 2.30% in premarket trading following the release.
The company posted adjusted earnings per share of $1.00 for the quarter, surpassing the analyst consensus estimate of $0.79 by $0.21. Revenue came in at $1.64 billion, slightly below the $1.66 billion analysts had forecast.
Vulcan’s strong performance was driven by pricing gains and improved unit profitability across all segments. Aggregates cash gross profit per ton increased 20% to $10.63, reflecting widespread pricing growth and operational efficiencies.
"The combination of our aggregates-led business and our consistent focus on our Vulcan Way of Selling and Vulcan Way of Operating disciplines resulted in strong earnings growth and margin expansion in the first quarter," said Tom Hill, Vulcan Materials’ Chairman and Chief Executive Officer.
Adjusted EBITDA rose 27% YoY to $411 million, with the adjusted EBITDA margin expanding 420 basis points to 25.1%.
Despite a 1% decrease in aggregates shipments due to challenging weather and one less shipping day, freight-adjusted selling prices increased 7% compared to the prior year.
The company reiterated its full-year outlook, projecting adjusted EBITDA of $2.35 billion to $2.55 billion for 2025.
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