Vulcan Materials (VMC) Tops Q1 EPS by 34c

Vulcan Materials (NYSE: VMC) reported Q1 EPS of $0.95, $0.34 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.57 billion.

Management expectations for 2023 include the following updates:

• Aggregates freight-adjusted price growth of approximately 15 percent ($16.40 in 2022)
• Net earnings attributable to Vulcan of between $815 and $895 million
• Adjusted EBITDA of between $1.850 and $1.950 billion
• All other aspects of the Company's expectations for 2023 remain unchanged from those reported as part of its fourth quarter earnings release in February

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

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