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BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Vulcan Materials Co. (VMC) on Tuesday reported fourth-quarter earnings of $293.8 million.
On a per-share basis, the Birmingham, Alabama-based company said it had profit of $2.21. Earnings, adjusted for non-recurring gains, were $2.17 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The construction materials company posted revenue of $1.85 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.83 billion.
For the year, the company reported profit of $911.9 million, or $6.85 per share. Revenue was reported as $7.42 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMC at https://www.zacks.com/ap/VMC