Vulcan Materials (VMC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter, but rose versus the same quarter one year earlier. The sequential decrease follows a pattern of slowing growth across recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding quarter, but rose versus the same quarter one year earlier. The sequential decrease follows a pattern of slowing growth across recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2B | +43.6% |
| Sep 30, 2022 | $2.1B | +37.7% |
| Dec 31, 2022 | $1.7B | +7.8% |
| Mar 31, 2023 | $1.6B | +7.0% |
Revenue performance
Reported revenue decreased from the prior quarter, while posting a year-over-year increase.
Quarterly comparison
Compared with the preceding quarter, revenue was lower; compared with the same quarter one year ago, revenue was higher.
What to watch
The sequential decline in revenue warrants attention, especially given the prior quarters had shown stronger year-over-year gains.