The company reported revenue growth for the second quarter, but earnings were down year over year due to energy inflation and disruptive weather during the quarter. However, VMC has been benefiting from growth in heavy industrial projects, including data centers and warehouses.
As of the most recent quarter, the company had $858 million in cash compared with only $15 million in short-term debt. Its solid balance sheet led to a Quality Grade of B in our POWR Ratings system. In terms of growth going forward, analysts expect earnings to rise 9% year over year in the current quarter.
