- Vulcan Materials press release ( NYSE: VMC ): Q3 Non-GAAP EPS of $1.78 beats by $0.07 .
- Revenue of $2.09B (+37.5% Y/Y) beats by $80M .
- Adjusted EBITDA increased 21 percent to $507 million.
- Average selling prices increased sharply in each product line
- Aggregates pricing increased 12 percent on a reported and mix-adjusted basis
- Average price for asphalt and concrete increased 26 percent and 13 percent, respectively
- Shipments increased year-over-year in each product line, driven by acquisitions and healthy underlying demand in our markets.
- Outlook: Regarding the Company's current outlook for 2022, Mr. Hill said, "We have continued to execute well and now expect full-year Adjusted EBITDA of $1.640 to $1.680 billion. Through the first nine months, aggregates shipments have exceeded the upper end of our expectations, driven by acquisitions and healthy underlying demand in our markets."
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Vulcan Materials Non-GAAP EPS of $1.78 beats by $0.07, revenue of $2.09B beats by $80M