Vulcan Materials Beats on Both Top and Bottom Lines
Vulcan Materials (NYS: VMC) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Vulcan Materials beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share dropped.
Margins improved across the board.
Vulcan Materials chalked up revenue of $535.9 million. The 13 analysts polled by S&P Capital IQ expected revenue of $516.5 million on the same basis. GAAP reported sales were 10.0% higher than the prior-year quarter's $487.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.42. The 15 earnings estimates compiled by S&P Capital IQ predicted -$0.43 per share. GAAP EPS were -$0.40 for Q1 versus -$0.42 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 4.1%, 560 basis points better than the prior-year quarter. Operating margin was -9.9%, 800 basis points better than the prior-year quarter. Net margin was -9.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $727.6 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $2.66 billion. The average EPS estimate is -$0.42.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 454 members out of 502 rating the stock outperform, and 48 members rating it underperform. Among 146 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Vulcan Materials a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vulcan Materials is hold, with an average price target of $44.11.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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