Vulcan(US:VMC) ZACKSยท2024-10-30 14:35Core Insights - Vulcan Materials (VMC) reported $2 billion in revenue for Q3 2024, an 8.3% decline year-over-year, with EPS of $2.22 compared to $2.29 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.03 billion, resulting in a surprise of -1.34%, while the EPS also missed the consensus estimate of $2.34 by -5.13% [1] Financial Performance Metrics - Average unit sales price per ton for Aggregates was $21.27, slightly above the estimated $21.20 [3] - Unit shipments for Aggregates were 57,700 KTon, below the estimated 59,740.56 KTon [3] - Unit shipments for Asphalt mix were 4,100 KTon, slightly below the estimate of 4,039.63 KTon [3] - Unit shipments for Ready-mixed concrete were 900 KCuYd, compared to the estimate of 1,011.27 KCuYd [3] - Average unit sales price per ton for Asphalt mix was $80.88, above the estimate of $79.82 [3] - Average unit sales price per cubic yard for Ready-mixed concrete was $185.61, above the estimate of $181.93 [3] - Net sales for Aggregates were $1.57 billion, below the average estimate of $1.63 billion, representing a -3.3% year-over-year change [3] - Net sales for Asphalt were $381.10 million, exceeding the estimate of $369.63 million, with a +9.8% year-over-year change [3] - Net sales for Concrete were $174.40 million, below the estimate of $186.61 million, representing a -52.2% year-over-year change [3] - Gross profit for Aggregates was $498.50 million, below the estimate of $528.70 million [3] - Gross profit for Asphalt was $60.20 million, below the estimate of $63.98 million [3] Stock Performance - Vulcan's shares have returned +4.9% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]