Vulcan: Fourth Quarter Earnings Overview
Vulcan Materials Reports Fourth-Quarter Financial Results
Vulcan Materials Co., headquartered in Birmingham, Alabama, announced a net income of $252 million for the fourth quarter.
The company’s earnings translated to $1.91 per share, while adjusted earnings, which exclude one-time gains, were $1.70 per share.
These figures fell short of analyst projections. According to a survey by Zacks Investment Research involving nine analysts, the consensus estimate was $2.13 per share.
During the same period, Vulcan Materials generated $1.91 billion in revenue, which also missed expectations. Eight analysts polled by Zacks had anticipated revenue of $1.94 billion.
For the full year, Vulcan Materials reported a total profit of $1.08 billion, or $8.11 per share, with annual revenue reaching $7.94 billion.
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