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 $181.9 million, or 8%, to $2,003.9 million compared to the same quarter last year, primarily due to a 10% decrease in aggregates shipments.
Gross profit decreased by $25.8 million, or 4%, to $565.2 million, with a gross profit margin of 28.2% compared to 27.0% in the prior year, indicating some margin pressure despite some pricing gains.
Net earnings attributable to Vulcan were $207.6 million, or $1.56 per diluted share, a decrease of $68.9 million or 25% compared to the same quarter last year, driven by lower revenues and gross profit.