Vulcan Materials Company (NYSE:VMC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Vulcan Materials Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 78.57% to $0.03 in the quarter versus EPS of $-0.19 in the year-earlier quarter.
Revenue: Decreased 1.08% to $608 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vulcan Materials Company reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.1. It missed the average revenue estimate of $620.58 million.
Quoting Management: Don James, Chairman and Chief Executive Officer, said, “Our full year results demonstrate our employees’ efforts in managing those aspects of the business that are under their control. Despite slightly weaker aggregates shipments, we achieved a 17 percent increase in Adjusted EBITDA, reflecting aggressive actions to reduce costs and to take advantage of pricing opportunities across the markets we serve.”
Key Stats (on next page)…