Vulcan Loss In Line With Estimates, Sales Beats

(RTTNews) - Vulcan Materials Co (VMC) on Monday reported first-quarter net loss of $39.7 million or $0.30 per share compared with a profit of $54 million or $0.41 per share last year.

Excluding items, adjusted loss for the quarter was $0.16 per share compared with a loss of $0.28 per share a year ago.

Revenues for the quarter were higher at $631.3 million compared with $574.4 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.16 per share on revenues of $600.9 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company said it is optimistic about volume growth, pricing momentum and strong margin expansion.

Vulcan Materials produces construction aggregates, asphalt mix, and ready-mixed concrete.