Monarch Cement Q3 Earnings Surge Y/Y Amid Strong Market Demand [Yahoo! Finance]
MONARCH CEMENT CO (MCEM)
Company Research
Source: Yahoo! Finance
Over the past month, MCEM shares have risen 4.5%, significantly outperforming the S&P 500 index's 1.6% growth, signaling strong investor confidence in the company's recent performance. For the third quarter of 2024, Monarch Cement reported net sales of $80 million, a 10.1% increase from $72.7 million in the last-year period. Net income for the quarter surged 75.5% to $26.4 million from $15 million in the prior-year quarter. The company's basic earnings per share soared 76.7% to $7.21 from $4.08 a year ago. The quarterly results were driven by higher sales volumes, favorable pricing adjustments, operational efficiencies and a significant swing to unrealized gains on equity investments from prior-year losses. The Monarch Cement Co. price-consensus-eps-surprise-chart | The Monarch Cement Co. Quote Monarch Cement operates in two primary segments — Cement and Ready-Mixed Concrete. Both segments delivered strong performances in the third quarter of 2024, contributing to the compan
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