Construction materials company Vulcan Materials (NYSE: VMC) will be reporting results this Wednesday before market open. Here’s what you need to know.
Vulcan Materials beat analysts’ revenue expectations last quarter, reporting revenues of $1.76 billion, up 7.4% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates. It reported 50 million tons shipped, up 4.6% year on year.
Is Vulcan Materials a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Vulcan Materials’s revenue to grow 1.2% year on year, slowing from the 4.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Vulcan Materials has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Vulcan Materials’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 2.6%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%. Valmont traded down 7.3% following the results.
Read our full analysis of Valmont’s results here and Apogee’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Vulcan Materials is down 6.4% during the same time and is heading into earnings with an average analyst price target of $325.77 (compared to the current share price of $284.52).
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