Vulcan Materials (VMC) Misses Q2 EPS by 13c, Beats on Revenues

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Go back to Vulcan Materials (VMC) Misses Q2 EPS by 13c, Beats on Revenues

Vulcan Announces Second Quarter 2018 Results

July 31, 2018 8:00 AM EDT

BIRMINGHAM, Ala., July 31, 2018 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the second quarter ended June 30, 2018.

Second quarter net earnings were $160 million.  Earnings from continuing operations of $160 million compared favorably to $112 million in the prior year period.  Adjusted earnings from continuing operations were $1.23 per diluted share versus $0.90 per share in the prior year's second quarter.  Adjusted EBITDA increased 13 percent to $325 million. 

The Company reported 11 percent growth in gross profit led by a 13 percent increase in its core Aggregates segment. Aggregates... More