Vulcan Materials Co (Holding Co)

Latest Results (17.12.2024):

Revenue Decline

In the third quarter of 2024, Vulcan Materials Co (Holding Co) reported total revenues of $2,004 million, a decrease from $2,186 million in the same quarter of the previous year. This decline in revenue is attributed to lower shipments, particularly in the aggregates segment, which faced significant weather disruptions.

Profitability Metrics

Vulcan Materials Co (Holding Co) achieved a gross profit of $565 million in the third quarter of 2024, compared to $591 million in the third quarter of 2023. Despite the revenue decline, the company managed to expand its gross profit margin by focusing on cost management and pricing strategies.

Net Earnings

The net earnings attributable to Vulcan Materials Co (Holding Co) for the third quarter of 2024 were $208 million, down from $276 million in the same period of the previous year. The decrease in net earnings reflects the impact of lower revenues and challenging operating conditions.

Adjusted EBITDA

For the third quarter of 2024, Vulcan Materials Co (Holding Co) reported an adjusted EBITDA of $581 million, a slight decrease from $602 million in the third quarter of 2023. The adjusted EBITDA margin improved to 29.0%, up from 27.6% in the previous year, indicating effective cost control measures.

Outlook and Strategy

Looking ahead, Vulcan Materials Co (Holding Co) expects full-year adjusted EBITDA to be approximately $2 billion, despite ongoing weather challenges. The company remains optimistic about long-term growth, driven by positive pricing environments and strategic acquisitions, such as the recent purchase of Wake Stone Corporation, which is expected to enhance its presence in high-growth regions.