Reports Q1 revenue $1.76B, consensus $1.62B. Ronnie Pruitt, Vulcan Materials (VMC)’ 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. With this focus, and the financial strength and flexibility to grow, we will continue to drive sustainable value creation and win the future in aggregates.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VMC:
- Vulcan Materials price target lowered to $320 from $323 at Raymond James
- Vulcan Materials Company (VMC) Q1 Earnings Cheat Sheet
- Vulcan Materials price target lowered to $305 from $315 at Wells Fargo
- Vulcan Materials price target lowered to $321 from $322 at Morgan Stanley
- Vulcan Materials price target lowered to $296 from $320 at Barclays