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Vulcan Materials Company
Vulcan Materials beat the Zacks Consensus Estimate for both earnings and sales in fourth-quarter 2015, thus ending an outstanding year on a strong note. Adjusted earnings of $0.74 per share soared 139% year over year driven by solid revenues and margins. Sales increased 14% backed by strong volumes as well as continued pricing momentum. The Asphalt and Concrete segments also did well. Construction activity and demand for aggregates continue to recover across all markets which, coupled with robust pricing momentum, should drive revenues further in 2016. Overall, the company’s strong aggregate reserve position, continued profit improvements, divestitures of non-strategic operations and significant debt reduction are encouraging. However, skilled labor shortages and slight slowdown in demand trends in Texas remain the concerns.