Vulcan Materials reports Q1 adjusted EPS 80c, consensus 74c

Reports Q1 revenue $1.55B, consensus $1.49B. CEO Tom Hill said, “Our teams’ solid execution helped us overcome challenging weather conditions throughout much of the first quarter. Margins expanded despite lower aggregates shipments, demonstrating the durability of our aggregates business and its attractive compounding growth characteristics. Aggregates cash gross profit per ton increased 10% in Q1, with improvements widespread across our footprint. A consistent focus on our strategic disciplines coupled with continued pricing momentum reinforces our confidence in our full year outlook and our ability to deliver another year of double-digit earnings growth and strong cash generation.”