Vulcan Materials (NYSE:VMC) on Wednesday reported better-than-expected first-quarter financial results.
Vulcan Materials reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.12 per share. The company reported quarterly sales of $1.756 billion which beat the analyst consensus estimate of $1.617 billion.
Ronnie Pruitt, Vulcan Materials’ Chief Executive Officer, said, “The combination of our advantaged aggregates-led business and consistent focus on our strategic disciplines resulted in Adjusted EBITDA growth of 9 percent and margin expansion in the first quarter. Our strategy and execution, enhanced by innovation and technology, position us well to deliver strong earnings growth and cash generation. …