Vulcan Matrls Stock Price, News & Analysis

Vulcan Materials Company (NYSE: VMC) will hold its first quarter 2023 earnings conference call on May 4 at 10:00 a.m. CT. Financial results are set to be released prior to the NYSE market opening. Interested parties can access the live webcast via the company’s official website or join by phone using a provided conference ID. After the call, a replay will be available online.

As a leading supplier of construction aggregates in the U.S., Vulcan specializes in crushed stone, sand, and gravel, and is also a prominent manufacturer of aggregates-based construction materials including asphalt and concrete. For further details, visit www.vulcanmaterials.com.

On March 21, 2023, Vulcan Materials Company (NYSE: VMC) reported that CEMEX (NYSE: CX), with armed police and military, forcibly occupied its port facilities in Playa del Carmen, Mexico, without legal authorization. The prior lease agreement expired on December 31, 2022, with Vulcan open to negotiations for a new contract. CEMEX is reportedly ignoring a federal court order mandating their vacate of the property, while the Mexican government unlawfully disrupts Vulcan's quarrying and shipping operations. Vulcan asserts ownership of the facilities and has not authorized CEMEX's use of their property.

Vulcan Materials Company (NYSE: VMC) reported that CEMEX (NYSE: CX) forcibly occupied its port facilities in Playa del Carmen, Mexico, as of March 14, 2023. CEMEX's previous lease agreement with Vulcan expired on December 31, 2022, and there is no current contract allowing CEMEX's use of the property. Vulcan has been open to renegotiations, but CEMEX resorted to threats involving the Mexican military and police instead. A Mexican federal court has ordered CEMEX to vacate the property, yet operations remain halted. Vulcan asserts legal ownership of the properties, including the port concession.

Vulcan Materials Company (NYSE: VMC) reported strong earnings growth for 2022, with total revenues reaching $7.315 billion, up from $5.552 billion in 2021. Fourth quarter revenue stood at $1.732 billion. Despite weather disruptions impacting shipments, the aggregates segment gross profit increased to $327 million, while adjusted EBITDA rose 12% year-over-year. Pricing momentum remained strong, with freight-adjusted selling prices up 10% annually. The company anticipates a continued focus on cost management and expects 2023 net earnings to range between $715 and $835 million.

The Board of Directors of Vulcan Materials Company (NYSE: VMC) declared a quarterly cash dividend of $0.43 per share, reflecting a 7.5% increase from the previous $0.40. This dividend will be payable on March 20, 2023, to shareholders of record by March 6, 2023. CEO Tom Hill emphasized that the dividend increase highlights the company's strong cash generation and commitment to delivering long-term shareholder value. Vulcan Materials, headquartered in Birmingham, Alabama, is the largest producer of construction aggregates in the U.S., focusing on crushed stone, sand, and gravel.

Vulcan Materials Company (NYSE:VMC) will host its fourth quarter and full year 2022 earnings conference call on February 16, 2023, at 10:00 a.m. CT. Financial results will be released prior to market opening. Interested parties can join the live webcast at www.vulcanmaterials.com or participate via phone by calling 800-267-6316 (international: 203-518-9783). The conference ID is 1023841. A replay will be accessible following the call. Vulcan, headquartered in Birmingham, Alabama, is the largest supplier of construction aggregates in the U.S.

Vulcan Materials Company (NYSE: VMC) reported strong financial results for Q3 2022, with total revenues rising 38% to $2.09 billion, driven by solid demand and pricing in its aggregates segment. Average selling prices increased significantly, with aggregates pricing up 12%. Gross profit also grew by 25% to $493 million. Earnings from continuing operations were $178 million, or $1.33 per diluted share, reflecting a loss from non-routine items. The company anticipates continued growth in 2023, supported by positive pricing dynamics and strong operational performance.