Vulcan Materials (NYSE: VMC) reported Q4 EPS of $0.99, $0.10 better than the analyst estimate of $0.89. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.09 billion.

"Our aggregates-focused business is well positioned for further gains in our industry-leading unit profitability in aggregates. Since the recovery began in the second half of 2013, our core operating and sales disciplines have contributed to 13 percent average annual growth in aggregates gross profit per ton. We expect double-digit earnings growth again in 2019, given the strength of our operational performance and continuing growth in public sector demand. Aggregates pricing momentum continues to improve. Mix-adjusted pricing in the fourth quarter increased 5 percent, and we expect price growth in 2019 at a similar rate.

\"In our key markets across the United States, we are benefitting disproportionally from both strong growth in public construction demand and continued solid growth in private demand. For 2019, we expect reported earnings from continuing operations of between $4.55 and $5.05 per diluted share and Adjusted EBITDA of between $1.250 and $1.330 billion."

GUIDANCE:

Vulcan Materials sees FY2019 EPS of $4.55-$5.05, versus the consensus of $4.85.

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