Welcome to our dedicated page for Vulcan Matrls news (Ticker: VMC), a resource for investors and traders seeking the latest updates and insights on Vulcan Matrls stock.
Vulcan Materials Company (NYSE: VMC) is publicly described as the nation’s largest supplier of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. Headquartered in Birmingham, Alabama and included in the S&P 500 Index, the company regularly issues news that is relevant to investors, analysts and others following the construction materials and mining sectors.
The VMC news feed on Stock Titan highlights official press releases and related announcements. These include quarterly and year-to-date earnings results, where Vulcan Materials Company reports on aggregates shipments, pricing, gross profit, cash gross profit per ton and segment performance in aggregates, asphalt and concrete. The company’s news also covers earnings conference call schedules, with details on webcast access and dial-in information for domestic and international participants.
In addition to financial results and conference call notices, Vulcan Materials Company’s news includes dividend declarations on its common stock, specifying the cash dividend per share and the associated record and payment dates. Leadership and governance updates are another recurring theme, such as the announced CEO succession plan in which the Board of Directors elected Ronnie Pruitt as the next Chief Executive Officer, effective January 1, 2026, and the transition of the then-current Chairman and CEO to Executive Chairman of the Board.
News items may also reference portfolio actions involving downstream assets, as illustrated by information about the disposition of certain asphalt and construction services assets in the greater Houston market and an agreement to sell ready-mixed concrete businesses in California, described by the company as consistent with its aggregates-led strategy. By reviewing this news stream, readers can follow how Vulcan Materials Company communicates its financial performance, capital allocation decisions, leadership changes and selected operational developments over time.
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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.