In This Article:
(Reuters) - Vulcan Materials beat Wall Street estimates for fourth-quarter profit and revenue on Tuesday, helped by robust pricing and strong demand for its aggregates, sending the construction supplies maker's shares up more than 4% before the bell.
The Birmingham, Alabama-based company's gross profit in its aggregates segment rose about 15% to $486.5 million in the reported quarter.
The company said the pricing environment remained positive in the fourth quarter and expects it to remain favorable moving in to the year.
It expects shipments of its asphalt, concrete and construction aggregates to grow between 3% to 5% in 2025. It forecast adjusted full-year EBITDA between $2.35 billion to $2.55 billion.
Analysts expect an adjusted EBITDA of $2.34 billion for 2025, according to data compiled by LSEG.
Vulcan also said it expects volumes to grow and inflationary pressures to continue moderating moving into 2025.
"Continued strength in public construction activity and our recent acquisitions support our expectations for volume growth in 2025", CEO Tom Hill said.
The company reported $1.85 billion in revenue for the quarter ended December 31, above analysts' estimate of $1.82 billion.
On an adjusted basis, Vulcan reported quarterly profit of $2.17 per share, above estimates of $1.78 per share.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Shailesh Kuber)