Vulcan Materials sees higher Q1 eps on higher volumes

16 April 2004 19:37  [Source: ICIS news]

HOUSTON (CNI)--Chemicals and aggregates producer Vulcan Materials said Friday it expects 2004 first quarter earnings/share (eps) from continuing operations to jump to 15 cents from 2 cents in the 2003 first quarter on stronger sales.

Including discontinued operations, total 2004 first quarter earnings are expected to be about 14 cent/share compared to a loss of 17 cent/share in the 2003 first quarter.

Chemicals generated 20% of total sales for the Birmingham, Alabama-based company.

Vulcan said shipments across most of the company's markets benefited from favourable weather conditions in March.

Don James, Vulcan chairman and chief executive said: "Favourable weather and robust construction activity in March is particularly important to our first quarter results in construction materials - unlike last year, we benefited from both."

First quarter results will be released 28 April.

Vulcan Materials is an industrial chemicals manufacturer and a producer of construction aggregates.

By: Mike Sheridan
+1 713 525 2653

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 18 January 2010)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly