Vulcan Materials (VMC) Misses Q3 EPS by 6c, Revenues Miss
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Vulcan Reports Third Quarter Results
November 5, 2020 7:30 AM ESTBIRMINGHAM, Ala., Nov. 5, 2020 /PRNewswire/ --Â Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended September 30, 2020.
Net earnings were $200 million compared to $216 million in the prior year's comparable quarter. Third quarter Adjusted EBITDA was $403 million versus $407 million in the prior year. Adjusted EBITDA margins expanded by 210 basis points despite an 8 percent decline in total revenues. This margin expansion was driven by effective cost control throughout the organization and price growth in each major product line.Â
Tom Hill, Chairman and Chief... More
