Vulcan Materials (VMC) Tops Q1 EPS by 14c, Beats on Revenues

Vulcan Materials (NYSE: VMC) reported Q1 EPS of $0.34, $0.14 better than the analyst estimate of $0.20. Revenue for the quarter came in at $787 million versus the consensus estimate of $740.16 million.

First Quarter Summary (compared with prior year's first quarter)

• Total revenues increased $33 million, or 4 percent, to $787 million
• Gross profit decreased $5 million, or 3 percent, to $160 million
• Aggregates segment sales increased $15 million, or 2 percent, to $650 million, and aggregates freight-adjusted revenues increased $10 million, or 2 percent, to $497 million
• Shipments decreased 2 percent, or 1.0 million tons, to 38.2 million tons
• Freight-adjusted sales price increased 5 percent, or $0.57 per ton
• Segment gross profit decreased $8 million, or 6 percent, to $140 million
• Asphalt, Concrete and Calcium gross profit improved $3.5 million, or 21 percent, collectively
• SAG was $82 million versus $76 million in the prior year
• Net earnings were $45 million, an increase of $5 million, or 12 percent
• Adjusted EBIT was $78 million, a decrease of $8 million, or 10 percent
• Adjusted EBITDA was $149 million, a decrease of $6 million, or 4 percent
• Earnings from continuing operations were $0.32 per diluted share versus $0.31 per diluted share
• Adjusted earnings from continuing operations were $0.34 per diluted share versus $0.41 per diluted share

For earnings history and earnings-related data on Vulcan Materials (VMC) click here.

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