February 9, 2010
Vulcan releases 4th-quarter results
Vulcan Materials Company announced results on Feb. 8 for the fourth quarter and full year ended Dec. 31, 2009.
For the full press release, including tables and a breakdown of earnings, click here: Vulcan_4Q2009PressRelease.
The following are the fourth quarter summary and comparisons with the prior year:
· Net earnings from continuing operations were a loss of $13 million, or $0.10 per diluted share.
· Cash earnings from continuing operations were $67 million.
· Aggregates shipments declined 23 percent, reducing earnings $0.57 per diluted share.
· Aggregates pricing increased 5 percent.
· Aggregates cash fixed costs decreased 8 percent.
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