Welcome to our dedicated page for Vulcan Materials Company(Holding Company) news (Ticker: VMC), a resource for investors and traders seeking the latest updates and insights on Vulcan Materials Company(Holding Company) stock.
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) will hold its first quarter earnings conference call on May 4, 2021 at 10:00 a.m. CT. Financial results for the quarter ending March 31, 2021 will be released before the NYSE market opens. Interested parties can listen via a live webcast at www.vulcanmaterials.com or participate by phone using conference ID 6357979. The company is a leading producer of construction aggregates in the U.S. and is based in Birmingham, Alabama.
Vulcan Materials Company (NYSE: VMC) reported fourth-quarter 2020 net earnings of $115 million, with Adjusted EBITDA at $311 million, marking a 4% increase despite a 1% dip in revenues. For the full year, revenues were $4.86 billion, down 1% year-over-year, while net earnings totaled $584 million. The company expects 2021 Adjusted EBITDA between $1.340 billion and $1.440 billion. Strong growth in aggregates pricing and effective cost management contributed to improved margins. Key market trends indicate a positive demand outlook, bolstered by construction activity recovery.
Vulcan Materials Company (NYSE: VMC) has announced a quarterly cash dividend of thirty-seven cents per share, an increase of three cents from the previous dividend. The payout is set for March 15, 2021, to shareholders of record by March 1, 2021. CEO Tom Hill emphasized the company's strong operational and financial performance and its confidence in delivering sustainable, long-term value to shareholders. Vulcan Materials is the largest U.S. producer of construction aggregates, which includes crushed stone, sand, and gravel.
Vulcan Materials Company (NYSE: VMC) will hold its fourth quarter earnings conference call on February 16 at 10:00 a.m. CT. Financial results for the quarter ending December 31, 2020 will be released prior to the market opening. Investors can join the live webcast on the company's website or call in by phone. Vulcan is the largest U.S. producer of construction aggregates, including crushed stone, sand, and gravel, and is also involved in aggregates-based construction materials.
Vulcan Materials Company (NYSE: VMC) reported third-quarter 2020 net earnings of $200 million, down from $216 million a year prior. Despite an 8% decline in total revenues, Adjusted EBITDA was $403 million, reflecting increased margins driven by cost control and product price growth. The COVID-19 pandemic and severe weather adversely affected shipments, which were down 8% year-over-year. However, cash gross profit per ton improved by 7%. The company anticipates full-year Adjusted EBITDA between $1.285 billion and $1.315 billion.
Vulcan Materials Company (NYSE: VMC) will host its third quarter earnings conference call on November 5 at 10:00 a.m. CT. Financial results for the quarter ending September 30, 2020 will be released before the NYSE market opens. Investors can access the live webcast at www.vulcanmaterials.com or join by phone. A replay will be available after the call. As the largest producer of construction aggregates in the U.S., Vulcan is a key player in the aggregates-based construction materials sector.
The Board of Directors of Vulcan Materials Company has declared a quarterly cash dividend of thirty-four cents per share on common stock. This dividend is scheduled for payment on December 3, 2020, to shareholders of record as of the close of business on November 17, 2020. Vulcan Materials, headquartered in Birmingham, Alabama, is the largest producer of construction aggregates in the U.S., including crushed stone, sand, and gravel.
Vulcan Materials Company (NYSE: VMC) reported strong second-quarter results for 2020, with earnings from continuing operations at $211 million or $1.58 per diluted share, up 7% year-over-year. Adjusted EBITDA rose 10% to $408 million, driven by effective cost control and a 3.3% increase in mix-adjusted pricing for aggregates, despite a 2% decline in shipments. The company successfully managed operational disruptions due to COVID-19, demonstrating resilience in demand. However, uncertainties remain regarding future construction activity due to the pandemic's evolving effects.
The Board of Directors of Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of 34 cents per share on its common stock. This dividend will be payable on September 4, 2020, to shareholders of record as of August 19, 2020. As the largest producer of construction aggregates in the U.S., including crushed stone, sand, and gravel, Vulcan continues to demonstrate commitment to returning value to its shareholders.
Vulcan Materials Company (NYSE: VMC) will host its second quarter earnings conference call on August 4, 2020 at 10:00 a.m. CT. Financial results for the quarter ending June 30, 2020 will be released before the NYSE market opens. Interested parties can listen to the live webcast on the company's website or join by phone. Replay will be available post-call.
Birmingham-based Vulcan is the nation's largest producer of construction aggregates, including crushed stone, sand, and gravel, and a major producer of aggregates-based materials.
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