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Vulcan (VMC) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Vulcan Materials (VMC - Free Report) reported revenue of $1.83 billion, up 5.9% over the same period last year. EPS came in at $1.46, compared to $1.08 in the year-ago quarter.
The reported revenue represents a surprise of +0.53% over the Zacks Consensus Estimate of $1.82 billion. With the consensus EPS estimate being $1.36, the EPS surprise was +7.35%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Vulcan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average unit sales price per ton - Aggregates (freight adjusted): $19.32 versus $19.19 estimated by four analysts on average.
Unit shipments - Aggregates: 55,300 KTon compared to the 53,432.59 KTon average estimate based on four analysts.
Unit shipments - Asphalt mix: 3,300 KTon compared to the 2,926.88 KTon average estimate based on three analysts.
Unit shipments - Ready-mixed concrete: 1,500 KCuYd versus 2,123.59 KCuYd estimated by three analysts on average.
Average unit sales price per ton - Asphalt mix: $76.92 compared to the $76.87 average estimate based on three analysts.
Average unit sales price per cubic yard - Ready-mixed concrete: $173.83 versus $165 estimated by three analysts on average.
Net sales- Asphalt: $286.40 million versus $263.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +20.3% change.
Net sales- Aggregates: $1.41 billion versus the five-analyst average estimate of $1.38 billion. The reported number represents a year-over-year change of +12.1%.
Net sales- Calcium: $2 million versus $2.48 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -16.7% change.
Net sales- Concrete: $256 million versus the five-analyst average estimate of $312.86 million. The reported number represents a year-over-year change of -29%.
Net sales- Aggregates intersegment sales: -$121.10 million versus the four-analyst average estimate of -$135.19 million. The reported number represents a year-over-year change of -5.7%.
Gross profit- Aggregates: $423.90 million versus $391.82 million estimated by five analysts on average.
Shares of Vulcan have returned +7.7% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Vulcan (VMC) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Vulcan Materials (VMC - Free Report) reported revenue of $1.83 billion, up 5.9% over the same period last year. EPS came in at $1.46, compared to $1.08 in the year-ago quarter.
The reported revenue represents a surprise of +0.53% over the Zacks Consensus Estimate of $1.82 billion. With the consensus EPS estimate being $1.36, the EPS surprise was +7.35%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Vulcan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average unit sales price per ton - Aggregates (freight adjusted): $19.32 versus $19.19 estimated by four analysts on average.
- Unit shipments - Aggregates: 55,300 KTon compared to the 53,432.59 KTon average estimate based on four analysts.
- Unit shipments - Asphalt mix: 3,300 KTon compared to the 2,926.88 KTon average estimate based on three analysts.
- Unit shipments - Ready-mixed concrete: 1,500 KCuYd versus 2,123.59 KCuYd estimated by three analysts on average.
- Average unit sales price per ton - Asphalt mix: $76.92 compared to the $76.87 average estimate based on three analysts.
- Average unit sales price per cubic yard - Ready-mixed concrete: $173.83 versus $165 estimated by three analysts on average.
- Net sales- Asphalt: $286.40 million versus $263.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +20.3% change.
- Net sales- Aggregates: $1.41 billion versus the five-analyst average estimate of $1.38 billion. The reported number represents a year-over-year change of +12.1%.
- Net sales- Calcium: $2 million versus $2.48 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -16.7% change.
- Net sales- Concrete: $256 million versus the five-analyst average estimate of $312.86 million. The reported number represents a year-over-year change of -29%.
- Net sales- Aggregates intersegment sales: -$121.10 million versus the four-analyst average estimate of -$135.19 million. The reported number represents a year-over-year change of -5.7%.
- Gross profit- Aggregates: $423.90 million versus $391.82 million estimated by five analysts on average.
View all Key Company Metrics for Vulcan here>>>Shares of Vulcan have returned +7.7% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.