Earnings Release and Historical Performance - Vulcan Materials Company (VMC) is scheduled to release its third-quarter 2024 results on October 30, before the market opens [1] - In the last reported quarter, the company's adjusted earnings missed the Zacks Consensus Estimate by 4.9%, while revenues missed by 1% [2] - Year-over-year, earnings increased by 2.6%, but revenues declined by 4.7% [2] - VMC's earnings have topped the consensus mark in three of the last four quarters, with an average surprise of 2.5% [2] Earnings and Revenue Estimates - The Zacks Consensus Estimate for VMC's third-quarter earnings per share has been revised downward to $2.42 from $2.47 over the past seven days, indicating a 5.7% year-over-year rise [3] - The consensus estimate for revenues is $2.07 billion, suggesting a 5.3% year-over-year decline [3] Factors Impacting Q3 Performance - Third-quarter revenues are anticipated to decrease year-over-year due to reduced volumes caused by adverse weather conditions and less traction on cement price increases [4] - Concrete sales are expected to be lower following the sale of the Texas concrete business [4] - Aggregates volumes were affected by Hurricane Helene and decelerating single-family construction activity, particularly in Tennessee, North Carolina, South Carolina, Florida, Alabama, and Georgia [4] - Strong pricing gains in aggregates, acceleration in infrastructure spending, and accretive acquisitions are likely to have offset some of the negative impacts [5] - The acquisition of Whitaker, closed in the second quarter, is expected to contribute to the company's top line in the third quarter [5] Segment Performance - The Aggregates business, which accounted for 80.1% of total second-quarter revenues, is expected to see net sales grow by 1.8% to $1.66 billion year-over-year, despite a 5.1% decline in volumes and a 10% increase in prices [6] - The Asphalt Mix segment, which accounted for 17.4% of total revenues in the second quarter, is expected to see net sales grow by 2.5% to $355.9 million year-over-year, with volumes increasing by 1% and prices rising by 5.2% [7] - The Concrete segment, which accounted for 8.3% of total revenues in the second quarter, is expected to see revenues decline by 48.1% to $189.1 million year-over-year, with volumes declining by 50.5% and prices increasing by 7.1% [8] Margin Pressures - Higher cost inflation, a shortage of skilled labor, and rising wage costs are expected to have impacted VMC's third-quarter margins [8] Earnings Model and Rank - The Zacks model does not predict an earnings beat for VMC this quarter, with an Earnings ESP of -4.60% and a Zacks Rank 3 [9] Other Companies in the Construction Sector - Louisiana-Pacific Corporation (LPX) has an Earnings ESP of +5.92% and a Zacks Rank 3, with earnings expected to decline by 45.1% [10][11] - UFP Industries, Inc. (UFPI) has an Earnings ESP of +0.37% and a Zacks Rank 3, with earnings expected to decrease by 13.8% [11] - Howmet Aerospace Inc. (HWM) has an Earnings ESP of +0.48% and a Zacks Rank 2, with earnings expected to increase by 41.3% year-over-year [12]

The market expects Vulcan Materials (VMC) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numb ...

BIRMINGHAM, Ala., Oct. 9, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) will host its third quarter 2024 earnings conference call on Wednesday, October 30, 2024 at 10:00 a.m. CT (11:00 a.m. ET). Financial results will be released before the NYSE market opens. The Company invites investors and other interested parties to listen to the live webcast of the conference call at www.vulcanmaterials.com. To participate by phone, call 800-274-8461 approximately 10 minutes before the scheduled start. For ...

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Vulcan Materials Company (VMC) has entered into a definitive agreement to acquire Wake Stone Corporation, a major aggregates supplier in the Carolinas. This acquisition aligns with VMC's aggregates-led strategy of expanding its presence in high-growth regions across the United States. The deal is expected to add more than 60 years of hard rock reserves, particularly benefiting key markets like Raleigh, NC. Wake Stone has built a strong aggregates franchise since its establishment in 1970, sharing many value ...

Waithaya Palee August 6th ended up being a pretty brutal day for shareholders of Vulcan Materials (NYSE:VMC). As the broader market rebounded following a disastrous and painful global route that occurred the day prior, shares of the aggregates, asphalt, and ready-mix concrete company dropped by 4.4%. There were multiple drivers behind this decline. For starters, both revenue and earnings per share came in lower than what analysts anticipated. But in addition to this, the company also revised down guidance f ...

Vulcan Materials Company (VMC) reported dismal second-quarter 2024 results, with earnings and revenues missing their respective Zacks Consensus Estimate. On a year-over-year basis, earnings increased, but revenues declined due to lower Aggregate shipments. VMC's shares fell 4.6% in the pre-market trading session on Aug 6, after the earnings release. Investors' sentiments are likely to have been hurt by the slashed 2024 net earnings outlook. Inside the Headlines Adjusted earnings of $2.35 per share missed th ...

For the quarter ended June 2024, Vulcan Materials (VMC) reported revenue of $2.01 billion, down 4.7% over the same period last year. EPS came in at $2.35, compared to $2.29 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.03 billion, representing a surprise of -0.97%. The company delivered an EPS surprise of -4.86%, with the consensus EPS estimate being $2.47. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Company Performance - Vulcan Materials (VMC) reported quarterly earnings of $2.35 per share, missing the Zacks Consensus Estimate of $2.47 per share, but showing an increase from $2.29 per share a year ago, resulting in an earnings surprise of -4.86% [1] - The company posted revenues of $2.01 billion for the quarter ended June 2024, which was below the Zacks Consensus Estimate by 0.97% and a decrease from $2.11 billion year-over-year [2] - Over the last four quarters, Vulcan has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Vulcan shares have increased approximately 13.4% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] - The current consensus EPS estimate for the upcoming quarter is $2.86 on revenues of $2.2 billion, and for the current fiscal year, it is $8.33 on revenues of $7.71 billion [7] Industry Outlook - The Building Products - Concrete and Aggregates industry, to which Vulcan belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Vulcan's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Earnings Estimate Revisions - The trend for earnings estimate revisions for Vulcan is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which investors can track [5]

The upcoming report from Vulcan Materials (VMC) is expected to reveal quarterly earnings of $2.49 per share, indicating an increase of 8.7% compared to the year-ago period. Analysts forecast revenues of $2.04 billion, representing a decrease of 3.6% year over year. The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ...