Vulcan Announces Second Quarter 2018 Results
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August 1, 2018 8:33 AM EDT
RBC Capital upgraded Vulcan Materials Company (NYSE: VMC) from Sector Perform to Outperform with a price target of $138.00.
Analyst Mike Dahl said the recent sell- off (-16% since mid-June) creates an attractive opportunity based on their view that near-term margin weakness is... More
July 31, 2018 8:02 AM EDT
Vulcan Materials (NYSE: VMC) reported Q2 EPS of $1.23, $0.13 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.16 billion.
Tom Hill, Chairman and Chief Executive Officer, said, "We remain on track with our full year expectations. Vulcan-served markets are experiencing stronger growth in demand than other markets, and higher public funding for transportation infrastructure is now converting to higher shipments of aggregates. Apart from geographic mix impacts, our pricing momentum continues to strengthen, including in our backlogged work. Our operating disciplines remain... More
