Vulcan Materials Co (Holding Co)

VMC

Equity

ISIN null / Valor 983918

New York Stock Exchange, Inc (2025-10-17)

USD 295.35-0.30%

Vulcan Materials Co (Holding Co)
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About company

Vulcan Materials Co (Holding Co) is the largest producer of construction aggregates in the United States, specializing in crushed stone, sand, and gravel. Additionally, the company is a significant producer of construction materials such as asphalt and ready-mixed concrete. With a widespread presence across the country and a well-established distribution network, Vulcan Materials Co (Holding Co) plays a crucial role in supplying essential materials to support the nation's infrastructure and construction projects.

Summarized from source with an LLMView SourceSector: Industrials

Revenue and Profit Performance

In the third quarter of 2024, Vulcan Materials Co reported total revenues of $2,004 million, a decrease from $2,186 million in the same quarter of 2023. Gross profit declined to $565 million compared to $591 million last year. Net earnings attributable to Vulcan were $208 million, down from $276 million in Q3 2023.

Aggregates Segment Growth

The aggregates segment delivered strong performance with gross profit of $498 million ($8.63 per ton), despite a 10% decrease in shipments due to significant weather disruptions. Freight-adjusted selling prices increased by 10% compared to the prior year, and cash gross profit per ton rose by 10% to $10.89.

Operational Efficiency and Margin Expansion

Vulcan achieved an adjusted EBITDA margin of 29.0%, up from 27.6% in Q3 2023, driven by enhanced unit profitability and disciplined operational management. Selling, Administrative and General (SAG) expenses decreased to $129 million, representing 6.4% of total revenues, a 20 basis point reduction year-over-year.

Financial Position and Capital Allocation

The company maintains a strong financial position with a total debt to trailing-twelve months Adjusted EBITDA ratio of 1.7 times, below its target range. Capital expenditures were $104 million in the quarter and $402 million year-to-date, with full-year guidance between $625 and $650 million for maintenance and growth projects. Vulcan returned $61 million to shareholders through dividends in the quarter, marking a 6% increase versus Q3 2023.

Strategic Acquisitions and Future Outlook

Vulcan announced the acquisition of Wake Stone Corporation, a leading aggregates producer, to expand its reach in high-growth regions in the Carolinas. Looking ahead, the company expects full-year Adjusted EBITDA of approximately $2 billion and anticipates continued double-digit growth in cash gross profit per ton in 2025. The outlook is supported by robust demand fundamentals and strategic operational initiatives despite ongoing weather challenges.

Summarized from source with an LLMView Source

Key figures

14.2%1Y

91.7%3Y

102%5Y

Performance

25.1%1Y

24.6%3Y

26.8%5Y

Volatility