Vulcan Materials (VMC) Tops Q1 EPS by 11c; Raises Adjusted EBITDA Guidance
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Vulcan Reports First Quarter 2021 Results
May 4, 2021 7:07 AM EDTBIRMINGHAM, Ala., May 4, 2021 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended March 31, 2021.
Financial and Operating Highlights:
Net earnings were $161 million, or $1.20 per diluted share Sale of reclaimed quarry produced net proceeds of $182 million and pretax gain of $115 million ($85 million after tax, or $0.64 per diluted share) First quarter Adjusted EBITDA was $244 million (excluding gain on land sale), a year-over-year increase of 22 percent Aggregates unit profitability increased 12 percent year-over-year to $4.82... More