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
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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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