Vulcan Matrls Stock Price, News & Analysis

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.

On May 5, 2022, Vulcan Materials Company (NYSE: VMC) reported an unexpected shutdown of its underwater quarrying operations in Quintana Roo, Mexico, by government officials. The Company believes these orders are illegal and plans to pursue legal action to resume operations. Vulcan has held the necessary permits for over 30 years and currently has the ability to export available inventories. The Company is also involved in ongoing NAFTA arbitration regarding prior operational shutdowns, with a decision anticipated in late 2022.

Vulcan Materials Company (NYSE: VMC) reported a strong Q1 2022 with total revenues reaching $1.541 billion, a 44% increase from the previous year, driven by the acquisition of U.S. Concrete and increased pricing. Average selling prices rose by 6% across aggregates, while gross profit surged by 9% to $243 million. Despite higher diesel costs impacting margins, adjusted EBITDA grew 20% to $294 million. The company affirms its full-year EBITDA range of $1.72 to $1.82 billion, citing confidence in operational excellence and pricing opportunities amidst ongoing economic challenges.

Vulcan Materials Company (NYSE: VMC) has updated its stakeholders on progress with its operations in Mexico. Following a delay, the company has received a crucial three-year customs permit for its Punta Venado deep-water port. Vulcan is negotiating with the Mexican government to supply construction materials for projects such as the Mayan Train and to develop ecotourism plans on owned land. The company has been involved in NAFTA arbitration over access to its aggregates reserves since 2018, with a decision expected in late 2022.

Vulcan Materials Company (NYSE: VMC) will hold its first quarter earnings conference call on May 4, 2022, at 10:00 a.m. CT. Financial results will be available before the NYSE market opens. Interested parties can access the live webcast at www.vulcanmaterials.com or call 866-342-8591 (international: 203-518-9713) to participate by phone. The conference ID is 2021457. A replay of the webcast will be accessible afterward. Vulcan is the largest supplier of construction aggregates in the U.S., primarily producing crushed stone, sand, and gravel.