The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vulcan Materials missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share expanded.
Gross margins grew, operating margins dropped, net margins expanded.
Vulcan Materials reported revenue of $608.4 million. The 11 analysts polled by S&P Capital IQ expected to see net sales of $619.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.28. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.10 per share. GAAP EPS were $0.02 for Q4 versus -$0.22 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 13.0%, 90 basis points better than the prior-year quarter. Operating margin was 1.5%, 30 basis points worse than the prior-year quarter. Net margin was 0.6%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $554.3 million. On the bottom line, the average EPS estimate is -$0.35.
Next year's average estimate for revenue is $2.77 billion. The average EPS estimate is $0.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 441 members out of 492 rating the stock outperform, and 51 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give Vulcan Materials a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vulcan Materials is outperform, with an average price target of $54.57.
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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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. 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.