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U.S. construction firm Vulcan Materials said on Tuesday it planned to defend itself using all available legal avenues after Mexico turned land that contains a company-run quarry and port on the Riviera Maya into a nature reserve.
Vulcan Materials stock dropped 4.4% due to lower revenue and earnings, as well as revised guidance for 2024. Despite its recent decline, the stock not cheap enough for an upgrade, and should remain a 'hold' as a result. The firm's long-term growth potential still remains, but the value received for the price paid for that potential is a bit too steep.
Vulcan's (VMC) second-quarter results reflect lower volumes stemming from unfavorable weather conditions.
Although the revenue and EPS for Vulcan (VMC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Vulcan Materials (VMC) came out with quarterly earnings of $2.35 per share, missing the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.29 per share a year ago.
Second Quarter Earnings Growth and Margin Expansion Underpinned by Execution in Aggregates Uniquely Positioned Aggregates Business Supports Full Year Earnings Growth BIRMINGHAM, Ala. , Aug. 6, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended June 30, 2024.
Vulcan's (VMC) second-quarter results are likely to reflect solid pricing amid soft volumes. Yet, solid infrastructure spending and strategic efforts are tailwinds.
Evaluate the expected performance of Vulcan (VMC) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Vulcan (VMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BIRMINGHAM, Ala. , July 19, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) will host its second quarter 2024 earnings conference call on Tuesday, August 6, 2024 at 10:00 a.m.