Vulcan Materials (VMC) Misses Q2 EPS by 30c

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Go back to Vulcan Materials (VMC) Misses Q2 EPS by 30c

Vulcan Announces Second Quarter 2017 Results

August 2, 2017 8:00 AM EDT

BIRMINGHAM, Ala., Aug. 2, 2017 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the second quarter ended June 30, 2017.

Net earnings were $120 million and Adjusted EBITDA was $288 million.  The Company's second quarter results reflect record unit profitability in its Aggregates segment despite wet weather and difficult operating conditions across many of its Southeastern and mid-Atlantic markets.  Extreme wet weather across the Southeast and weaker demand in Illinois and coastal Texas contributed to a 3 percent decline in same-store aggregates shipments compared to the prior year.... More