Vulcan Matrls Stock Price, News & Analysis

Vulcan Materials Company (NYSE: VMC) will host its third quarter earnings conference call on November 2 at 9:00 a.m. CT. Financial results will be disclosed prior to the opening of the NYSE. Interested parties can listen to the live webcast via the company's website. For phone participation, dial 800-343-4136 or 203-518-9843 for international calls, with a conference ID of 5944810. Vulcan, headquartered in Birmingham, Alabama, is the largest supplier of construction aggregates in the U.S., focusing on crushed stone, sand, gravel, asphalt, and ready-mixed concrete.

On Sept. 28, 2022, Vulcan Materials Company held its 2022 Investor Day in New York City, outlining its strategy for future growth and profitability. CEO Tom Hill emphasized the company's robust business model, operational excellence, and market leadership. Key themes included a durable business model supporting sustained growth, competitive advantages in attractive markets, and a disciplined capital allocation strategy to enhance cash flow and shareholder value. The event was streamed live and is available for replay on Vulcan's website.

Vulcan Materials Company (NYSE: VMC), the largest U.S. producer of construction aggregates, will host a webcast of its Investor Day on September 29, 2022, at 8:00 a.m. ET. The event, featuring presentations from CEO Tom Hill and other management team members, will discuss the company's strategy, performance, and financial outlook. Interested parties can access the webcast via www.vulcanmaterials.com. A recorded version will be available two hours post-event. Pre-registration is also available online.

Vulcan Materials Company (NYSE: VMC) reported strong second quarter results for 2022, achieving total revenues of $1.95 billion, up 44% year-over-year. Gross profit increased by 12%, reaching $446 million, boosted by growth in aggregates and the inclusion of U.S. Concrete operations. Average selling prices rose across all product lines, with aggregates pricing up 9%. However, the company faced $74 million in higher energy costs and significant impacts from the shut down of its Mexico operations, estimated at $80-$100 million. The company remains optimistic about achieving double-digit earnings growth for the full year.

Vulcan Materials Company (NYSE: VMC) will host its second quarter earnings conference call on August 4 at 9:00 a.m. CT. Financial results will be announced prior to the NYSE market opening. Interested parties can listen to the live webcast on their official website, with a phone option available for participants. As a leading supplier of construction aggregates in the U.S., Vulcan is a key player in the industry, focusing on crushed stone, sand, gravel, asphalt, and ready-mixed concrete. A replay of the call will be accessible on their website afterward.

Vulcan Materials Company (NYSE: VMC) has appointed Lydia H. Kennard to its Board of Directors, effective immediately. Kennard, who is the President and CEO of KDG Construction Consulting and a founder of KDG Aviation, brings valuable experience in construction management and engineering. She will serve on the Audit and Safety, Health, and Environmental Affairs Committees. With this new election, 11 out of 12 board members are independent directors. Vulcan is a leading supplier of construction aggregates in the U.S., focusing on crushed stone, sand, gravel, asphalt, and ready-mixed concrete.

The Board of Directors of Vulcan Materials Company (NYSE: VMC) announced a quarterly cash dividend of $0.40 per share. This dividend will be payable on September 2, 2022, to shareholders of record by the close of business on August 17, 2022. As the largest producer of construction aggregates in the U.S., Vulcan continues to demonstrate its commitment to returning value to shareholders while maintaining its leadership in the aggregates industry.

Vulcan Materials Company (NYSE: VMC) announced the suspension of a critical customs permit by the Mexican government, jeopardizing operations in Quintana Roo. This suspension, which may lead to complete revocation, halts exports, impacting anticipated EBITDA by $80 million to $100 million, approximately 5% of its adjusted EBITDA guidance for 2022. Vulcan has initiated legal proceedings in Mexico to restore operations, asserting compliance with local laws. The company has faced ongoing challenges with the Mexican government regarding its operations since 2018, with a NAFTA arbitration hearing expected results in late 2022.

On May 13, 2022, Vulcan Materials Company (NYSE: VMC) announced a quarterly cash dividend of $0.40 per share, payable on June 10, 2022. Shareholders who are on record by the close of business on May 27, 2022 will receive this dividend. Vulcan is recognized as the largest producer of construction aggregates in the U.S., focusing on materials like crushed stone, sand, and gravel, and it is also major in aggregates-based construction materials such as asphalt and ready-mixed concrete.