Vulcan Materials Company reports developments tied to its construction aggregates business, common-stock capital returns, operating results and investor communications. The company is the nation’s largest producer of construction aggregates, primarily crushed stone, sand and gravel, and is also a major producer of aggregates-based construction materials, including asphalt mix and ready-mixed concrete.
Recurring VMC news includes quarterly earnings releases and conference calls, dividend declarations, investor day presentations, growth and profitability targets, and updates related to its aggregates-led strategy. Company announcements also reference its S&P 500 membership and long public-company history on the New York Stock Exchange.
Vulcan Materials Company (NYSE: VMC) reported strong second-quarter results for 2020, with earnings from continuing operations at $211 million or $1.58 per diluted share, up 7% year-over-year. Adjusted EBITDA rose 10% to $408 million, driven by effective cost control and a 3.3% increase in mix-adjusted pricing for aggregates, despite a 2% decline in shipments. The company successfully managed operational disruptions due to COVID-19, demonstrating resilience in demand. However, uncertainties remain regarding future construction activity due to the pandemic's evolving effects.
The Board of Directors of Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of 34 cents per share on its common stock. This dividend will be payable on September 4, 2020, to shareholders of record as of August 19, 2020. As the largest producer of construction aggregates in the U.S., including crushed stone, sand, and gravel, Vulcan continues to demonstrate commitment to returning value to its shareholders.
Vulcan Materials Company (NYSE: VMC) will host its second quarter earnings conference call on August 4, 2020 at 10:00 a.m. CT. Financial results for the quarter ending June 30, 2020 will be released before the NYSE market opens. Interested parties can listen to the live webcast on the company's website or join by phone. Replay will be available post-call.
Birmingham-based Vulcan is the nation's largest producer of construction aggregates, including crushed stone, sand, and gravel, and a major producer of aggregates-based materials.