Sector: Materials|Industry: Building Materials|Market Cap: $34.98B|Employees: 10.4K
Vulcan Materials Company is the largest U.S. supplier of construction aggregates, including crushed stone, sand, and gravel, and a major producer of asphalt mix and ready-mixed concrete. The company operates primarily in the U.S. and serves both public and private sectors, providing essential materials for infrastructure and construction projects. Vulcan leverages its extensive network of facilities and strategic reserves to maintain a competitive advantage in key markets.
Total revenues decreased by $103.3 million, or 6%, to $1,545.7 million compared to the same period last year, primarily due to a 7% decrease in aggregates shipments and a 54% decrease in ready-mixed concrete shipments. This was partially offset by a 3% increase in asphalt mix shipments.
Gross profit increased by $2.9 million, or 1%, to $304.9 million, with a gross profit margin of 19.7%, up from 18.3% in the prior year. This improvement is attributed to pricing increases and cost controls, despite lower overall sales volumes.
Net earnings attributable to Vulcan decreased by $18.0 million, or 15%, to $102.7 million, or $0.77 per diluted share, compared to $120.7 million, or $0.90 per diluted share in the prior year. This decline was driven by lower revenues and discrete items including a $1.6 million tax charge related to a valuation allowance against Calica deferred tax assets.