Vulcan Materials
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.
Revenue details
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 details
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.
Margin details
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.
Looking ahead
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.
Investor sentiment
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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