Vulcan Materials Q4 Results Beat Market, Sees Earnings Growth In FY25; Stock Up In Pre-market

(RTTNews) - Building materials supplier Vulcan Materials Co. (VMC), while reporting higher profit and revenues in its fourth quarter, above market estimates, on Tuesday issued fiscal 2025 outlook, expecting growth in earnings.

In pre-market activity on the NYSE, Vulcan shares were gaining around 2.8 percent to trade at $278.00.

For fiscal 2025, the company projects net earnings attributable of $1.01 billion to $1.17 billion, and adjusted EBITDA between $2.35 billion and $2.55 billion.

In fiscal 2024, attributable net earnings were $912 million and adjusted EBITDA was $2.06 billion.

Tom Hill, Vulcan Materials' Chairman and Chief Executive Officer, said, "As we look to 2025, the pricing environment remains favorable, and we are focused on our operating disciplines to manage costs and improve efficiencies. By controlling what we can control, we expect to deliver 19 percent growth in Adjusted EBITDA.... We carry solid momentum into 2025 and are well positioned to deliver another year of strong earnings growth and cash generation. Continued strength in public construction activity and our recent acquisitions support our expectations for volume growth in 2025."

In its fourth quarter, Vulcan's earnings totaled $293.8 million or $2.21 per share, compared with $227.5 million or $1.70 per share, last year.

Adjusted earnings were $2.17 per share for the period. Analysts on average had expected the company to earn $1.75 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.0% to $1.853 billion from $1.834 billion last year. The Street was looking for revenues of $1.81 billion.

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