Vulcan Materials First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Vulcan Materials (NYSE:VMC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.55b (down 6.3% from 1Q 2023).
• Net income: US$104.4m (down 15% from 1Q 2023).
• Profit margin: 6.8% (down from 7.4% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.79 (down from US$0.92 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vulcan Materials Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Basic Materials industry in the US.

Performance of the American Basic Materials industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Vulcan Materials has 2 warning signs we think you should be aware of.

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