The Birmingham-based supplier reported a net profit of $252 million, or $1.91 per share, a decline from the $293.8 million recorded during the same period last year. On an adjusted basis, earnings reached $1.70 a share, significantly trailing the $2.11 per share anticipated by analysts polled by FactSet. While total revenue grew 3.2% to $1.91 billion, it fell short of the $1.96 billion consensus estimate, triggering a sharp decline in share price to $306.99.
In section Market Quotes
Vulcan Materials Slumps as Earnings and 2025 Outlook Miss Estimates
Vulcan Materials shares fell 6.3% in premarket trading Tuesday after the construction giant reported fourth-quarter earnings that missed analyst expectations and issued a conservative profit forecast for the year ahead.
Demand Trends and Market Outlook
Despite the quarterly miss, Chief Executive Ronnie Pruitt highlighted strengthening demand in the public sector and a recovery in private nonresidential projects. The company expects these factors to bolster a healthy pricing environment throughout the coming year. However, investor sentiment was dampened by the company's conservative financial targets, which suggest potential headwinds despite the optimistic demand narrative.Vulcan issued the following guidance for the fiscal year:
- Net profit range: $1.1 billion to $1.3 billion.
- Adjusted EBITDA: $2.4 billion to $2.6 billion.
- Growth driven by continued strength in public construction activity.
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