Vulcan Materials Now Expects FY24 Adjusted EBITDA Of Approximately $2B (Vs. $2B-$2.15B Prior), Given The Decline In Shipments To Date And Continued Weather Events So Far In The Fourth Quarter
Portfolio Pulse from Benzinga Newsdesk
Vulcan Materials has revised its FY24 adjusted EBITDA expectations to approximately $2 billion, down from the previous range of $2 billion to $2.15 billion, due to a decline in shipments and ongoing weather events in the fourth quarter.
October 30, 2024 | 11:38 am
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Vulcan Materials has adjusted its FY24 EBITDA forecast to approximately $2 billion, down from the previous range of $2 billion to $2.15 billion, due to reduced shipments and adverse weather conditions.
The downward revision in EBITDA expectations suggests potential financial challenges for Vulcan Materials, likely leading to a negative short-term impact on its stock price. The revision is attributed to lower shipments and weather disruptions, which are significant factors for the company's operations.
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