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.
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.
On February 16, 2022, Vulcan Materials Company (NYSE: VMC) announced the retirement of Suzanne Wood as CFO, effective September 1, 2022, after which she will consult until year-end. Mary Andrews Carlisle, currently VP of Finance, will succeed her. Additionally, Darren Hicks will transition to Senior VP and Chief Human Resources Officer on March 1, 2022. CEO Tom Hill praised Wood's contributions amidst challenges and expressed confidence in Carlisle and Hicks to lead the company forward. Vulcan emphasizes the importance of strong succession planning in leadership roles.
Vulcan Materials Company (NYSE: VMC) reported a strong financial performance for Q4 2021, with total revenues increasing 37% to $1.606 billion, bolstered by the USCR acquisition and growth in legacy aggregates. Gross profit rose 18% to $326 million, while adjusted EBITDA increased 23% to $383 million. Full-year revenues reached $5.6 billion, a 14% annual growth. Despite inflationary pressures, the company anticipates continued growth in 2022, projecting net earnings between $800 and $890 million. Challenges include potential impacts from labor shortages and supply chain disruptions.
Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of $0.40 per share, marking a 7.5% increase from the previous $0.37. The dividend will be payable on March 14, 2022 to shareholders of record by March 1, 2022. CEO Tom Hill emphasized that this increase reflects the company's strong cash generation and financial strength, showcasing confidence in future performance and shareholder value.
Vulcan Materials Company (NYSE: VMC) has scheduled its fourth quarter earnings conference call for February 16 at 10:00 a.m. CT. Financial results will be disclosed prior to the NYSE market opening. Interested parties can join the live webcast through the company's website or participate via phone by calling 800-891-3968. International participants can dial 785-424-1250 using conference ID 9125567. Vulcan, headquartered in Birmingham, Alabama, is the leading supplier of construction aggregates and a significant producer of construction materials.