Vulcan (VMC) Q1 Earnings Hit by Low Shipments, Solid Pricing Aids

Zacks05-04

Vulcan Materials Company’s VMC stock gained 1.8% in the day trading session on May 2 despite reporting lower earnings and revenues for the first quarter of 2024. The uptrend is likely to have been ...

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The uptrend is likely to have been ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vulcan-vmc-q1-earnings-hit-170500606.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vulcan (VMC) Q1 Earnings Hit by Low Shipments, Solid Pricing Aids</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVulcan (VMC) Q1 Earnings Hit by Low Shipments, Solid Pricing Aids\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 01:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vulcan-vmc-q1-earnings-hit-170500606.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vulcan Materials Company’s VMC stock gained 1.8% in the day trading session on May 2 despite reporting lower earnings and revenues for the first quarter of 2024. The uptrend is likely to have been ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vulcan-vmc-q1-earnings-hit-170500606.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VMC","symbol_name":"火神材料","start_time":0,"source_url":"https://finance.yahoo.com/news/vulcan-vmc-q1-earnings-hit-170500606.html","article_id":"2432138480","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0jTwUd3kH4lL76P40JXVvQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5c4eef64cb3687ce10b8a919a298b51f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432138480","pubTimestamp":1714755900,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Vulcan Materials Company’s VMC stock gained 1.8% in the day trading session on May 2 despite reporting lower earnings and revenues for the first quarter of 2024. The uptrend is likely to have been backed by the company’s consistent belief in its already strong 2024 guidance.This leading Aggregate supplier reported impressive quarterly results despite unfavorable weather conditions for most of the quarter. Its first-quarter adjusted earnings per share  and revenues beat the consensus mark by 5.3% and 1.3%, respectively. However, EPS decreased 15.8% and revenues declined 6.2% from the year-ago period due to lower Aggregate shipments.On the contrary, gross margin and adjusted EBITDA margin were up 140 basis points  and 40 bps, respectively, year over year, on the back of continued pricing momentum and solid execution. . Vulcan Materials Company Price, Consensus and EPS Surprise. Vulcan Materials Company price-consensus-eps-surprise-chart | Vulcan Materials Company Quote. Impressively, str","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VMC":"火神材料"},"translate_title":"Vulcan(VMC)Q1的收益受到低出货量的冲击，稳定的定价帮助","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VMC":1},"content_text":"Vulcan Materials Company’s VMC stock gained 1.8% in the day trading session on May 2 despite reporting lower earnings and revenues for the first quarter of 2024. The uptrend is likely to have been backed by the company’s consistent belief in its already strong 2024 guidance.This leading Aggregate supplier reported impressive quarterly results despite unfavorable weather conditions for most of the quarter. Its first-quarter adjusted earnings per share (EPS) and revenues beat the consensus mark by 5.3% and 1.3%, respectively. However, EPS decreased 15.8% and revenues declined 6.2% from the year-ago period due to lower Aggregate shipments.On the contrary, gross margin and adjusted EBITDA margin were up 140 basis points (bps) and 40 bps, respectively, year over year, on the back of continued pricing momentum and solid execution. (Read more: Vulcan Q1 Earnings Beat, Adjusted EBITDA Margin Up)\n\nVulcan Materials Company Price, Consensus and EPS Surprise\n\nVulcan Materials Company price-consensus-eps-surprise-chart | Vulcan Materials Company Quote\n\nImpressively, strength in the Aggregate business and disciplined capital management helped it provide 16.3% or 260 bps higher returns on capital.\nStrength in the Aggregates Holds Key\nAggregate segment, which accounted for 83.5% of total revenues, declined 0.4% year over year to $1.29 billion, mainly due to 7.1% lower shipments (volumes). On the reverse side, freight-adjusted average sales price climbed 10.2% to $20.59 per ton year over year and rose $1.25 per ton sequentially. At the time of earnings call, the company noted that the unusually cold and wet weather across many geographies hit the top line. Yet, pricing momentum, cost deceleration and unit profitability expansion, along with its Vulcan Way of Selling and Vulcan Way of Operating disciplines, partially overcome the headwinds.Per our estimate, shipments were estimated at 49.7 million tons and the freight-adjusted average sales price was projected at $20.73 per ton.The company’s durability of the Aggregates business and the consistency of execution stood out really well in the first quarter, as its cash gross profit per ton improved to $8.86 from $8.03. Its successful January price increases and moderating Aggregates cash cost of sales are providing strength to the company’s $11-$12 target.An improving residential backdrop, primarily single-family, is a positive sign for VMC’s future activity in certain categories of non-residential construction. Yet, continued moderation in warehouse stash will be the biggest headwind to private and non-residential demand this year.Moreover, the company continues to capitalize on better opportunities in the manufacturing category. Vulcan’s unmatched Southeastern footprint and unique logistics capabilities position it well to service these large Aggregates intensive projects.\nStrong 2024 Guidance\nDespite witnessing lower profitability, Vulcan still anticipates adjusted EBITDA in the range of $2.15-$2.30 billion, up from $2.01 billion reported in 2023. Net earnings are also anticipated to be in the range of $1.07-$1.19 billion versus $933 million generated in the prior year.Aggregates segment cash gross profit per ton is expected to increase from the 2023 level of $9.46. Although total shipments are likely to be flat to down 4%, freight-adjusted price is expected to grow 10-12%.\nZacks Rank & Recent Construction Releases\nVMC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Martin Marietta Materials, Inc. MLM reported mixed results for first-quarter 2024, with earnings surpassing the Zacks Consensus Estimate but revenues missed the same. Both the top and bottom lines decreased on a year-over-year basis.Going forward, MLM anticipates record federal-level and state-level infrastructure investments, large-scale heavy industrial activity, data centers, and energy projects to offset softer residential and warehouse construction demand, as well as anticipated moderation in light non-residential activity. Impressively, MLM increased full-year adjusted EBITDA guidance to $2.37 billion at the midpoint.EMCOR Group, Inc. EME reported impressive results for the first quarter of 2024. Its earnings surpassed the Zacks Consensus Estimate and increased year over year, backed by its focus on operational excellence.Revenues also grew from the previous year due to a continued strong mix and pipeline of projects in large and growing market sectors with long-term secular trends, including high-tech and traditional manufacturing and network & communications.Weyerhaeuser Company WY reported mixed results for first-quarter 2024. Its earnings beat the Zacks Consensus Estimate but net sales missed the same.On a year-over-year basis, both metrics declined due to lower fee harvest volumes in the West, a decrease in domestic sales volumes as well as sales realizations accompanied by increased lumber manufacturing and raw materials costs. Also, export sales volumes were softer, especially in China.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWeyerhaeuser Company (WY) : Free Stock Analysis Report\nVulcan Materials Company (VMC) : Free Stock Analysis Report\nEMCOR Group, Inc. (EME) : Free Stock Analysis Report\nMartin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432138480"}