Vulcan Q3 earnings fall as revenue drops to $2.0 billion from $2.2 billion
Vulcan Materials reported third-quarter 2024 revenue of $2.0 billion, down from $2.2 billion a year earlier, and diluted earnings per share from continuing operations of $1.57 versus $2.09. Results were hurt by weather that cut aggregates shipments, plus an $87 million pretax goodwill write-off on concrete assets in Northern California, while the company said pricing remained positive and expects full-year Adjusted EBITDA of approximately $2 billion.
Key points
- Third-quarter total revenues were $2,004 million versus $2,186 million in the prior-year quarter.
- Diluted EPS from continuing operations was $1.57 versus $2.09; adjusted diluted EPS was $2.22 versus $2.29.
- A pretax charge of $87 million ($84 million after-tax) was recorded for goodwill write-off on Northern California concrete assets.
- Full-year 2024 Adjusted EBITDA is now expected at approximately $2 billion, and the Wake Stone Corporation acquisition is expected to close in the fourth quarter.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing 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 October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.