Vulcan Materials (VMC) Tops Q1 EPS by 10c, Revenues Beat; Offers FY19 EPS Outlook

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Go back to Vulcan Materials (VMC) Tops Q1 EPS by 10c, Revenues Beat; Offers FY19 EPS Outlook

Vulcan Announces First Quarter 2019 Results

May 2, 2019 8:01 AM EDT

BIRMINGHAM, Ala., May 2, 2019 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended March 31, 2019.

Net earnings were $63 million and Adjusted EBITDA was $193 million in the first quarter.  The 15 percent growth in Adjusted EBITDA was driven by strong aggregates shipments, up 13 percent year-over-year, and a 5.4 percent increase in aggregates pricing. 

Tom Hill, Chairman and Chief Executive Officer, said, "Our first quarter results represent a good start to the year and are consistent with our full-year expectations.  Broad-based shipment growth, compounding... More