Vulcan Materials (VMC) Misses Q3 EPS by 5c, Revenues Beat; Offers FY18 EPS Outlook Below Consensus

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Go back to Vulcan Materials (VMC) Misses Q3 EPS by 5c, Revenues Beat; Offers FY18 EPS Outlook Below Consensus

Vulcan Announces Third Quarter 2018 Results

October 30, 2018 8:00 AM EDT

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

Third quarter earnings from continuing operations were $180 million, or $1.34 per diluted share.  Net earnings increased 65 percent to $179 million and Adjusted EBITDA increased 13 percent from the prior year's third quarter to $353 million.

Tom Hill, Chairman and Chief Executive Officer, said, "Our operating disciplines and execution were very good under difficult conditions that included weather challenges and higher diesel costs.  Severe weather... More