By Dean Seal
Vulcan Materials notched a bigger profit in the first quarter as higher shipments and prices lifted its sales.
The construction-materials maker posted a profit of $128.9 million, or 97 cents a share, compared with $102.7 million, or 77 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1 a share. Analysts polled by FactSet had been expecting 76 cents a share.
Revenue rose 5.8% to $1.64 billion, below analyst estimates for $1.65 billion, according to FactSet.
The company's aggregates business boosted its gross margin with higher prices and more operational efficiencies. The asphalt segment saw a 4% increase in both shipments and prices, while its concrete unit saw a 15% jump in shipments and 4% rise in prices, leading to higher earnings.
Shares rose 2.9% to $252.40 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 30, 2025 07:48 ET (11:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。