Vulcan Materials For 2024 Expects Net Earnings Of $0.95B-$1.07B; Adjusted EBITDA Of $2B-$2.15B
Portfolio Pulse from Benzinga Newsdesk
Vulcan Materials (VMC) has provided its financial outlook for 2024, expecting net earnings between $0.95 billion and $1.07 billion, and adjusted EBITDA between $2 billion and $2.15 billion. Despite weather disruptions affecting construction activity and operating efficiencies, the company anticipates continued improvement in aggregates cash gross profit per ton and a positive pricing environment.
August 06, 2024 | 11:50 am
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Vulcan Materials (VMC) has provided its financial outlook for 2024, expecting net earnings between $0.95 billion and $1.07 billion, and adjusted EBITDA between $2 billion and $2.15 billion. Despite weather disruptions affecting construction activity and operating efficiencies, the company anticipates continued improvement in aggregates cash gross profit per ton and a positive pricing environment.
The positive outlook for net earnings and adjusted EBITDA, along with expected improvements in aggregates cash gross profit per ton, suggests a favorable short-term impact on VMC's stock price. The company's ability to maintain a positive pricing environment and manage costs despite weather disruptions is a strong indicator of resilience and potential growth.
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