Vulcan Materials (VMC) Misses Q3 EPS by 1c

Vulcan Materials (NYSE: VMC) reported Q3 EPS of $1.04, $0.01 worse than the analyst estimate of $1.05. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.07 billion.

Demand and Earnings Outlook

Regarding the Company's earnings outlook for 2017, Mr. Hill stated, "We are excited about the growth opportunities ahead of us. Leading indicators, such as growth in the pre-construction pipeline and in construction starts in our markets, as well as growth in our own order backlogs, point toward a return to growth in 2018 and beyond. Private demand continues to grow and public demand is firming up after relative weakness during the last 18 months.

"Our confidence in the longer term outlook for our business remains strong. Our industry-leading core profitability in aggregates keeps improving and positions us well for future earnings growth. We have the financial strength to continue making smart growth investments that fit us best and we are committed to continuous improvement in safety, customer service and operational efficiencies."

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

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