02.05.2024 13:37:04 - dpa-AFX: Vulcan Materials Co. Q1 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Vulcan Materials Co. (VMC) revealed earnings for
first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $102.7 million, or $0.77 per share. This
compares with $120.7 million, or $0.90 per share, in last year's first quarter.
Excluding items, Vulcan Materials Co. reported adjusted earnings of $0.80 per
share for the period.
Analysts on average had expected the company to earn $0.74 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 6.1% to $1.55 billion from $1.65
billion last year.
Vulcan Materials Co. earnings at a glance (GAAP) :
-Earnings (Q1): $102.7 Mln. vs. $120.7 Mln. last year.
-EPS (Q1): $0.77 vs. $0.90 last year.
-Revenue (Q1): $1.55 Bln vs. $1.65 Bln last year.
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