VMC's latest acquisition strengthens its position in California's aggregates market.
Vulcan (VMC) reported earnings 30 days ago. What's next for the stock?
Vulcan Materials Company (NYSE:VMC ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Mark Warren - VP, IR Tom Hill - Chairman & CEO Mary Andrews Carlisle - SVP & CFO Conference Call Participants Garik Shmois - Loop Capital Trey Grooms - Stephens Keith Hughes - Truist Anthony Pettinari - Citigroup Kathryn Thompson - Thompson Research Group Jerry Revich - Goldman Sachs Brent Thielman - D.A. Davidson Phil Ng - Jefferies Timna Tanners - Wolfe Research Michael Dudas - Vertical Research Tyler Brown - Raymond James Adam Thalhimer - Thompson Davis Mike Dahl - RBC Capital Markets Angel Castillo - Morgan Stanley Michael Feniger - Bank of America Operator Good morning.
VMC's third-quarter results reflect lower volumes stemming from unfavorable weather conditions but an improved pricing environment.
While the top- and bottom-line numbers for Vulcan (VMC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Vulcan Materials (VMC) came out with quarterly earnings of $2.22 per share, missing the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.29 per share a year ago.
VMC's third-quarter 2024 performance is likely to have been affected by adverse weather conditions and cost inflation.
Evaluate the expected performance of Vulcan (VMC) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Vulcan (VMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In real estate, trophy properties are “in-demand, unique and non-replicable.”. Vulcan Materials is a trophy company thanks to its far-flung collection of quarries (i.e., land or real estate) from which it extracts construction aggregates, which are critical to construction. Location counts a lot because it's expensive to transport aggregates -- and Vulcan has great locations in places where the population is rising.
VMC inks a deal to buy Wake Stone, enhancing its aggregates-led growth strategy and expanding reach in high-growth regions across the United States.
U.S. construction firm Vulcan Materials said on Tuesday it planned to defend itself using all available legal avenues after Mexico turned land that contains a company-run quarry and port on the Riviera Maya into a nature reserve.