UPDATE: Vulcan Materials (VMC) Misses Q4 EPS by 9c; Offers FY20 EPS Mid-Point Guidance Below Consensus
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Vulcan Reports Fourth Quarter and Full Year Results
February 18, 2020 7:30 AM ESTBIRMINGHAM, Ala., Feb. 18, 2020 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended December 31, 2019.
Higher segment earnings in Aggregates and Asphalt helped drive 15 percent year-over-year growth in the Company's fourth quarter earnings from continuing operations. Solid shipment growth, up 4 percent, and compounding price improvements, up 5.5 percent, led to improved earnings in aggregates. Asphalt earnings benefited from double-digit revenue growth and improving unit margins.
Full year revenues were $4.9 billion, up 12 percent as compared to the prior year, and net earnings were... More
