Shares fell 6% following the quarter, reflecting investor disappointment with persistently sluggish volume growth amid weather-related headwinds and cautious segment shipment outlook despite stable margins and pricing gains.
- Adjusted EBITDA held steady year-over-year at $654 million, despite nearly $40 million in energy cost headwinds.
- Aggregates shipments rose a modest 1%, with significant variability across regions due to adverse weather conditions.
- Pricing improved on both a freight-adjusted and mix-adjusted basis, with average selling prices up 5% year-over-year.
- Unit cash costs (excluding diesel) increased 3%, partially offset by operational efficiencies and cost controls.
- Full-year adjusted EBITDA guidance reaffirmed at $2.4 billion to $2.6 billion, signaling no upward revision amid uneven demand.
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