Vulcan Materials Q1 revenue falls to $1.55 billion; earnings drop, outlook kept
Vulcan Materials reported first-quarter 2024 results on May 2, 2024. Total revenues were $1.55 billion, down from $1.65 billion a year earlier, and net earnings attributable to Vulcan were $103 million, down from $121 million. Management said all aspects of its outlook from February remain unchanged, including $2.15 to $2.30 billion of 2024 Adjusted EBITDA, so shareholders see lower first-quarter earnings alongside unchanged full-year targets.
Key points
- Total revenues were $1,546 million versus $1,649 million; diluted EPS from continuing operations was $0.78 versus $0.92.
- Adjusted diluted EPS from continuing operations was $0.80 versus $0.95, and Adjusted EBITDA was $323 million versus $338 million.
- Aggregates shipments fell to 48.1 million tons from 51.8 million, while freight-adjusted sales price rose to $20.59 per ton from $18.69.
- The company expects 2024 Adjusted EBITDA of $2.15 to $2.30 billion and used $550 million of cash on hand to redeem its 2026 notes.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.