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Vulcan Materials Company (NYSE: VMC) is the United States' largest producer of construction aggregates, including crushed stone, sand, and gravel. Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials is a key player in the construction industry, supplying essential materials for varied construction projects across the nation. The company also produces other vital construction materials such as asphalt and ready-mixed concrete. Vulcan operates aggregate facilities in 18 states, the District of Columbia, Mexico, and the Bahamas, and employs over 7,200 dedicated professionals.
In 2023, Vulcan achieved significant milestones, including the sale of 234.3 million tons of aggregates, 13.4 million tons of asphalt mix, and 7.5 million cubic yards of ready-mix concrete. The company holds substantial reserves, with nearly 16 billion tons of aggregates as of December 31, 2022. Vulcan's primary markets include high-growth states like Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama.
Financially, Vulcan Materials has demonstrated robust performance. In the first half of 2023, the company reported an adjusted EBITDA of $1.9 to $2.0 billion, exceeding initial projections. Key financial highlights include a 23% improvement in cash gross profit per ton to $8.98 and a 230 basis points expansion in aggregates gross profit margin. The company also generated $508 million in operating cash flow, a 56% increase from the previous period.
Recent achievements include the expansion of gross profit margins across all segments, with aggregates, asphalt, concrete, and calcium showing substantial growth. Vulcan's strategic initiatives have led to a 30 basis points improvement in selling, administrative, and general (SAG) expenses, optimizing operational efficiencies. The company continues to invest in growth projects, with capital expenditures reaching $270 million in the first half of 2023, and plans to spend up to $650 million for the year.
Vulcan Materials is committed to sustainable and responsible operations. The company was recently named one of America's Most Responsible Companies 2024 by Newsweek and included in the American Opportunity Index. These accolades highlight Vulcan's dedication to corporate social responsibility, environmental stewardship, and employee development.
Looking ahead, Vulcan Materials remains optimistic about its future prospects. The company expects strong demand for its products driven by industrial projects and steady residential construction activity. With a focus on strategic execution, pricing momentum, and operational efficiency, Vulcan aims to deliver significant earnings growth and value to shareholders in 2024 and beyond.
Vulcan Materials Company (NYSE: VMC) reported Q3 2024 results with total revenues of $2,004 million, down from $2,186 million in Q3 2023. Net earnings decreased to $208 million ($1.57 per diluted share) from $276 million ($2.09 per diluted share) year-over-year. Despite weather disruptions, the company achieved margin expansion with Adjusted EBITDA margin increasing to 29.0% from 27.6%.
Aggregates segment showed strong unit profitability with cash gross profit per ton improving 10% to $10.89, though shipments decreased 10% due to severe weather conditions. The company expects full-year Adjusted EBITDA of approximately $2 billion and announced the acquisition of Wake Stone to expand operations in the Carolinas.
Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on November 27, 2024, to shareholders of record at the close of business on November 4, 2024.
Vulcan Materials is a member of the S&P 500 Index and is headquartered in Birmingham, Alabama. The company primarily produces crushed stone, sand, and gravel, and is also a major producer of aggregates-based construction materials, including asphalt mix and ready-mixed concrete.
Vulcan Materials Company (NYSE: VMC) has announced its third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024 at 10:00 a.m. CT (11:00 a.m. ET). The company will release its financial results before the NYSE market opens on the same day. Investors and interested parties can listen to the live webcast of the call at www.vulcanmaterials.com. To participate by phone, call 800-274-8461 (US) or 203-518-9814 (international) approximately 10 minutes before the start time, using the conference ID 4730253.
Vulcan Materials Company, headquartered in Birmingham, Alabama, is the largest supplier of construction aggregates in the United States and a major producer of aggregates-based construction materials. The company is a member of the S&P 500 index.
Vulcan Materials Company (NYSE: VMC), the largest U.S. producer of construction aggregates, has announced a definitive agreement to acquire Wake Stone , a leading aggregates supplier in the Carolinas. This acquisition is expected to provide over 60 years of quality hard rock reserves to serve high-growth areas, particularly Raleigh, North Carolina.
Tom Hill, Vulcan's Chairman and CEO, emphasized the alignment of values between the two companies and expressed excitement about working with the Wake Stone team. The acquisition aligns with Vulcan's aggregates-led growth strategy to expand its reach in high-growth U.S. regions. Vulcan plans to leverage its selling and operating disciplines to integrate the new operations successfully.
The transaction is expected to close later this year, subject to customary closing conditions. Vulcan Materials Company, headquartered in Birmingham, Alabama, is a member of the S&P 500 Index and the nation's largest supplier of construction aggregates.
Vulcan Materials Company (NYSE: VMC), the largest U.S. producer of construction aggregates, reported Q2 2024 results with earnings growth and margin expansion. Key highlights include:
- Total revenues: $2,014 million
- Net earnings: $308 million
- Adjusted EBITDA: $603 million (29.9% margin)
- Earnings per diluted share: $2.33
The Aggregates segment saw a 6% increase in gross profit to $529 million, with cash gross profit per ton up 12% to $10.92. Shipments decreased 5% due to rainfall, but pricing remained strong with a 12% increase in freight-adjusted selling prices.
For the full year 2024, Vulcan expects:
- Aggregates shipments down 4-7%
- Freight-adjusted price improvement of 10-12%
- Adjusted EBITDA between $2.00 and $2.15 billion
Vulcan Materials Company (NYSE: VMC), the largest supplier of construction aggregates in the United States, has announced its second quarter 2024 earnings conference call. The call is scheduled for Tuesday, August 6, 2024, at 10:00 a.m. CT (11:00 a.m. ET). Financial results will be released before the NYSE market opens on the same day.
Investors and interested parties can listen to the live webcast of the conference call on the company's website. To participate by phone, call 800-343-5172 (US) or 203-518-9856 (international) approximately 10 minutes before the scheduled start. The conference ID is 4644206. A replay of the webcast will be available on the company's website after the call.
Vulcan Materials Company (NYSE: VMC) has announced a quarterly cash dividend of $0.46 per share on its common stock.
The dividend is set to be paid on September 4, 2024, to shareholders who are recorded as of the close of business on August 15, 2024.
Vulcan Materials, headquartered in Birmingham, Alabama, is the largest U.S. producer of construction aggregates and a significant producer of aggregates-based construction materials.
Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of $0.46 cents per share on its common stock. The dividend will be payable on June 7, 2024, to shareholders of record at the close of business on May 24, 2024. Vulcan Materials Company is the nation's largest producer of construction aggregates and a major producer of aggregates-based construction materials.
Vulcan Materials Company reported strong first-quarter 2024 results, with total revenues of $1,546 million, gross profit of $305 million, and net earnings of $103 million. The company reaffirmed its full-year outlook for double-digit earnings growth in 2024. Despite lower aggregates shipments due to weather conditions, the company demonstrated margin expansion and increased cash gross profit per ton by 10%. Vulcan's strategic disciplines and pricing momentum support its confidence in achieving another year of strong cash generation.
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