Vulcan Materials Non-GAAP EPS of $1.53 misses by $0.12, revenue of $1.95B beats by $100M;

Aug. 04, 2022 7:10 AM ETVulcan Materials Company (VMC)By: Manshi Mamtora, CFA
  • Vulcan Materials press release (NYSE:VMC): Q2 Non-GAAP EPS of $1.53 misses by $0.12.
  • Revenue of $1.95B (+43.4% Y/Y) beats by $100M.
  • Regarding the company's full year outlook, Mr. Hill said, "We are updating our full-year Adjusted EBITDA guidance range to reflect the considerable pricing momentum in our aggregates business as well as higher than expected energy-related cost inflation that is currently impacting each of our segments. Additionally, our outlook now reflects the previously disclosed impact ($80 to $100 million) of the closure of our Mexico operations for the balance of 2022."
  • Expectations: Net earnings attributable to Vulcan of between $680 to $760 million; Adjusted EBITDA of between $1.60 to $1.70 billion; Aggregates freight-adjusted price increase of 9 to 11 percent ($14.87 per ton in 2021)

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