VMC Earnings Prediction
The chart below shows how VMC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VMC sees a -2.03% change in stock price 10 days leading up to the earnings, and a +0.68% change 10 days following the report. On the earnings day itself, the stock moves by +0.69%. This data can give you a slight idea of what to expect for the next quarter's release.
VMC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.85B
1.06%
-7.50%
Gross Margin
28.98%
12.59%
2.77%
Operating Margin
18.76%
28.41%
-11.38%
Net Margin
15.97%
27.15%
52.68%
EPS
2.21
30.00%
41.67%
No Data Available
VMC Earnings Analysis
Vulcan Materials Co Corporation (VMC.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Vulcan Materials Company reported an EPS of $2.17, exceeding expectations of $1.79.
Q4 Adjusted EBITDA Growth: Adjusted EBITDA for Q4 was $550 million, a 16% improvement year-over-year.
Consistent EBITDA Margin Improvement: The adjusted EBITDA margin improved for the eighth consecutive quarter, indicating consistent operational efficiency.
Cash Gross Profit Growth: Cash gross profit per ton in the Aggregated segment expanded by 16% to $11.50, driven by pricing momentum and reduced costs.
Freight-Adjusted Price Improvement: Aggregate freight-adjusted price improved by 11% in Q4, consistent with full-year results, showcasing strong pricing power.
Public Demand Offset Decline: Despite a 3% decline in shipments, strong public shipments and demand in storm-impacted areas helped offset private construction headwinds.
Positive Pricing Outlook: The company expects freight-adjusted AGUS price to grow between 5% and 7% in 2025, indicating a positive pricing outlook.
Cost Pressure Moderation: Inflationary cost pressures are moderating, and the company anticipates low to mid-single-digit increases in unit cash costs in 2025, supporting profitability.
Highway Investment Surge: Highway starts increased by $7 billion to $122 billion, indicating strong public construction activity and future demand.
Transportation Investment Boost: $45 billion in funding initiatives passed at state and local levels will spur additional transportation investment.
Shipment Growth Forecast: The company expects 2025 aggregate shipments to increase by 3% to 5%, driven by acquisitions and stable demand.
Consistent Capital Management: Return on invested capital at year-end was 16.2%, consistent with the prior year, reflecting effective capital management.
Capital Expenditure Plans: Vulcan plans to reinvest between $750 million and $800 million in operating and maintenance and internal growth capital expenditures in 2025, supporting future growth.
Negative
Decline in Demand: Aggregate shipments were 3% lower than the prior year, indicating a decline in demand despite improvements in pricing.
Rising Operational Costs: Freight-adjusted unit cash cost of sales increased 5% compared to the prior year, suggesting rising operational costs that could impact profitability.
Residential Construction Challenges: Affordability and elevated interest rates remain headwinds for residential construction activity, which could hinder future growth in this sector.
Declining Multifamily Housing Demand: Multifamily starts and elevated vacancy rates point to another year of declining demand in multifamily housing, which may affect overall construction activity.
Private Non-Residential Demand Outlook: While private non-residential demand is expected to decline in 2025, the recovery is uncertain and may not occur until the second half of the year, indicating potential challenges ahead.
Acquisition Impact on Earnings: The increase in invested capital was driven by fourth-quarter acquisitions that provided very little earnings contribution, suggesting a delay in realizing the benefits of these investments.
VMC FAQs
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VMC Earning Call Sentiment
Vulcan Materials Company (NYSE:VMC) Q4 2024 Earnings Call Transcript
VMC.N
-0.94%Positive
The earnings call summary shows strong financial performance, with EPS and EBITDA surpassing expectations, and improved margins. Despite some challenges in private non-residential demand and weather impacts, the company anticipates growth in public construction and price increases in 2025. Shareholder returns were significant, and the Q&A revealed optimism about future pricing and M&A opportunities. The absence of clear guidance on midyear price increases and acquisition impacts slightly tempers enthusiasm, but overall, the sentiment is positive, suggesting a likely stock price increase of 2% to 8%.
