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 increased by 6% YoY to $1,634.6 million, primarily driven by price increases in aggregates. Aggregates shipments decreased by 1% YoY, indicating that price increases were the main driver of revenue growth.
Gross profit increased by 20% YoY to $365.3 million, leading to a gross profit margin expansion. This improvement in profitability suggests better cost management or favorable pricing dynamics.
Net interest expense increased by 53% YoY to $59.7 million, primarily due to higher debt levels from recent note issuances. This increase could pressure future earnings if debt levels remain elevated.