Vulcan Materials (NYSE: VMC) reported Q3 EPS of $2.22, $0.11 worse than the analyst estimate of $2.33. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.02 billion.

Outlook
Regarding the Company\'s current year outlook, Mr. Hill said, \"While significant weather disruptions have impacted construction activity through the first nine months of the year, overall demand fundamentals continue to underpin long-term growth. The pricing environment remains positive, and we continue to execute well. Given the decline in shipments to date and continued weather events so far in the fourth quarter, we now expect full-year Adjusted EBITDA of approximately $2 billion.

Mr. Hill continued, \"As we look to 2025, we expect aggregates price to improve high-single digits, cost to benefit from our Vulcan Way of Operating disciplines and moderating inflation and, most importantly, cash gross profit per ton to continue expanding at double-digit levels. A demand backdrop underpinned by growth in public construction activity and an improving private demand environment should lead to volume growth in 2025. Our steadfast focus to execute at the highest level – both commercially and operationally – positions us well to capitalize on improving volume and grow earnings.\"

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