Vulcan Materials reported third-quarter adjusted earnings per share of $2.83, surpassing analyst expectations despite a miss in total revenue. Strong pricing power in aggregates, which saw a 5% price increase, helped lift the adjusted EBITDA margin to 32.3% even as diesel inflation raised unit cash costs. Consequently, the company has maintained its full-year adjusted EBITDA guidance at approximately $2.4 billion.
The company reported adjusted EPS of $2.83, beating estimates as a 5% increase in aggregates prices offset revenue misses and diesel inflation costs.
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