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Vulcan Materials profit misses consensus by 20.4% in Q1

Vulcan Materials Co. said its first-quarter normalized net income was 19 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS declined year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $25.0 million, a decrease from $25.9 million in the year-earlier period.

The normalized profit margin fell to 3.2% from 3.4% in the year-earlier period.

Total revenue grew year over year to $787.3 million from $754.7 million, and total operating expenses rose 5.4% from the prior-year period to $715.3 million from $678.8 million.

Reported net income grew on an annual basis to $43.2 million, or 32 cents per share, from $42.2 million, or 31 cents per share.