Vulcan Materials posts quarterly results above estimates on strong pricing, demand

Vulcan Materials Co

18/02/2025 13:25

Feb 18 (Reuters) - Vulcan Materials  VMC.N  beat Wall
Street estimates for fourth-quarter profit and revenue on
Tuesday, helped by robust pricing and strong demand for its
aggregates, sending the construction supplies maker's shares up
more than 4% before the bell.
    The Birmingham, Alabama-based company's gross profit in its
aggregates segment rose about 15% to $486.5 million in the
reported quarter.
    The company said the pricing environment remained positive
in the fourth quarter and expects it to remain favorable moving
in to the year. 
    It expects shipments of its asphalt, concrete and
construction aggregates to grow between 3% to 5% in 2025. It
forecast adjusted full-year EBITDA between $2.35 billion to
$2.55 billion.
    Analysts expect an adjusted EBITDA of $2.34 billion for
2025, according to data compiled by LSEG. 
    Vulcan also said it expects volumes to grow and inflationary
pressures to continue moderating moving into 2025. 
    "Continued strength in public construction activity and our
recent acquisitions support our expectations for volume growth
in 2025", CEO Tom Hill said.
    The company reported $1.85 billion in revenue for the
quarter ended December 31, above analysts' estimate of $1.82
billion. 
    On an adjusted basis, Vulcan reported quarterly profit of
$2.17 per share, above estimates of $1.78 per share. 

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Shailesh
Kuber)
 ((Abhinav.Parmar@thomsonreuters.com;))