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)
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