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Vulcan Materials (VMC) Tops Q4 EPS by 39c ; Provides Outlook

February 18, 2025 7:33 AM

Vulcan Materials (NYSE: VMC) reported Q4 EPS of $2.17, $0.39 better than the analyst estimate of $1.78. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.81 billion.

Outlook :-

Regarding the Company\'s outlook, Mr. Hill said, \"We carry solid momentum into 2025 and are well positioned to deliver another year of strong earnings growth and cash generation. Continued strength in public construction activity and our recent acquisitions support our expectations for volume growth in 2025. The pricing environment remains positive, and inflationary pressures continue to moderate. This backdrop, coupled with our Vulcan Way of Selling and Vulcan Way of Operating disciplines will lead to further expansion in our industry-leading aggregates cash gross profit per ton and value creation for our shareholders.\"

Management expectations for 2025 include:

A third consecutive year of double-digit year-over-year growth in Aggregates segment cash gross profit per ton ($10.61 in 2024)

Shipments growth of 3 to 5 percent (219.9 million tons in 2024)
Freight-adjusted price improvement of 5 to 7 percent ($21.08 in 2024); inclusive of over 100 basis points of negative mix impact from recent acquisitions
Low to mid-single digit increase in freight-adjusted unit cash cost (freight-adjusted price less segment cash gross profit per ton; $10.47 in 2024)

Total Asphalt and Concrete segment cash gross profit of approximately $360 million ($272 million in 2024)

Relative contribution of approximately two-thirds from the Asphalt segment and one-third from the Concrete segment

Selling, Administrative and General expenses of $550 to $560 million ($531 million in 2024)
Interest expense of approximately $245 million
Capital spending for maintenance and growth projects of $750 to $800 million
Depreciation, depletion, accretion and amortization expense of approximately $800 million
An effective tax rate of 22 to 23 percent
Net earnings attributable to Vulcan of $1.01 to $1.17 billion
Adjusted EBITDA between $2.35 and $2.55 billion (includes $150 million contribution from acquisitions)

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

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