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 $98.5 million, or 5%, to $2,014.4 million compared to the same quarter last year. This decline was primarily driven by a decrease in shipments across multiple segments.
Despite the revenue decrease, gross profit increased by $8.9 million, or 2%, to $592.2 million. This indicates improved cost management or pricing power in certain segments.
Earnings attributable to Vulcan from continuing operations were unchanged at $2.33 per diluted share compared to the same quarter last year. This suggests that despite the revenue decline, the company managed to maintain its profitability.