Yahoo Finance Vulcan Materials First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Vulcan Materials (NYSE:VMC) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.55b (down 6.3% from 1Q 2023).
Net income: US$104.4m (down 15% from 1Q 2023).
Profit margin: 6.8% (down from 7.4% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.79 (down from US$0.92 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vulcan Materials Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Basic Materials industry in the US.
Performance of the American Basic Materials industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Vulcan Materials that you should be aware of.
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