Vulcan Materials’ Shares Fall 5% Despite Decent 4Q Performance
Vulcan Materials reported a decent fourth quarter, despite dealing with lingering effects from hurricanes Harvey and Irma and additional weather challenges from Tropical Storm Nate. During the quarter, aggregates shipments rose 7% year over year, while pricing rose about 1%. For the full year, aggregates shipments rose 1% year over year, while pricing rose 3%.Looking ahead to 2018, Vulcan management has guided to organic aggregates volume growth of 4%-6% and pricing growth of 3%-5%. Beyond 2018...
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