Oct 30 - Vulcan Materials reported third-quarter results on Wednesday that missed Wall Street estimates as weather disruptions impacted construction activity, affecting demand for the company's products such as concrete and asphalt.
The company reported revenue of $2 billion in the quarter, slightly below the average analyst estimate of $2.02 billion, according to data compiled by LSEG.
On an adjusted basis, Vulcan earned $2.22 per share, missing estimates of $2.32.
"While significant weather disruptions have impacted construction activity through the first nine months of the year ... the pricing environment remains positive," the company's CEO Tom Hill said.
The company said it expects full-year adjusted core earnings of about $2 billion.
Growth in public construction activity and an improving private demand environment should lead to volume growth in 2025, Hill added.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Shounak Dasgupta)
((Abhinav.Parmar@thomsonreuters.com))
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