Vulcan Materials announces 46-percent increase in fourth-quarter, full-year earnings per share

摘要

Vulcan Materials Co. announced record fourth quarter net earnings of 85 million dollars, or 0.82 dollars per diluted share, a 46 percent increase from last year's 0.56 dollars per diluted share. Earnings from continuing operations were 65 million dollars, or 0.62 dollars per diluted share, compared to last year's fourth quarter of 0.61 dollars per diluted share. Earnings from discontinued operations were 21 million dollars, or 0.20 dollars per diluted share, an increase of 26 million dollars from the prior year. Net sales from continuing operations for the quarter increased 5 percent to 547 million dollars on improved pricing and higher volumes for aggregates. As announced during the quarter, the company has reached an agreement to sell its Chemicals business. The results of this business are now reported on an after-tax basis in discontinued operations and continuing operations are now comprised of Construction Materials.