Vulcan Matrls Stock Price, News & Analysis

Vulcan Materials Company (NYSE: VMC) reported its second-quarter results for 2021, highlighting net earnings of $195 million or $1.46 per diluted share. Adjusted EBITDA reached $406 million, with aggregates gross profit increasing by 6% to $374 million. The company's proposed acquisition of U.S. Concrete is expected to close in the latter half of 2021. Despite facing challenges like energy inflation, which impacted earnings by $25 million, Vulcan remains optimistic about achieving its full-year 2021 Adjusted EBITDA guidance of $1.380 to $1.460 billion.

Vulcan Materials Company (NYSE: VMC) will host its second quarter earnings conference call on August 4, 2021, at 10:00 a.m. CT. Financial results for the quarter ending June 30, 2021, will be released prior to market opening. Interested parties can join the webcast at www.vulcanmaterials.com or participate via phone by calling 833-962-1439 or 832-900-4623 for international calls. Replay of the webcast will be available post-call.

The Board of Directors of Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of thirty-seven cents per share on its common stock. This dividend will be payable on September 3, 2021, to shareholders of record as of August 18, 2021. Vulcan Materials, headquartered in Birmingham, Alabama, is the largest producer of construction aggregates in the U.S., primarily focusing on crushed stone, sand, and gravel, along with asphalt mix and ready-mixed concrete.

Vulcan Materials (NYSE: VMC) has announced a merger agreement to acquire U.S. Concrete (NASDAQ: USCR) for $74 per share, totaling $1.294 billion. This acquisition aims to strengthen Vulcan's presence in key markets like California and Texas while enhancing its ready-mixed concrete operations. The deal is expected to close in H2 2021, pending shareholder and regulatory approvals. U.S. Concrete's operational excellence and strategic location will complement Vulcan's existing footprint, potentially adding approximately $190 million to EBITDA before synergies and positively affecting EPS in the first year post-closure.

The Board of Directors of Vulcan Materials Company (NYSE: VMC) declared a quarterly cash dividend of 37 cents per share on its common stock. This dividend is set to be payable on June 11, 2021, to shareholders of record by the close of business on May 28, 2021. Located in Birmingham, Alabama, Vulcan Materials is the largest producer of construction aggregates in the U.S., specializing in crushed stone, sand, gravel, asphalt mix, and ready-mixed concrete.

Vulcan Materials Company (NYSE: VMC) reported first-quarter results for 2021, revealing net earnings of $161 million or $1.20 per diluted share. A reclaimed quarry sale yielded $182 million, with a pretax gain of $115 million. Adjusted EBITDA rose to $244 million, a 22% increase year-over-year. Aggregates unit profitability improved by 12% to $4.82 per ton, and the full-year Adjusted EBITDA guidance was raised to $1.380 to $1.460 billion. Strong residential construction and positive pricing trends are expected to further drive growth this year.

Vulcan Materials Company (NYSE: VMC) has rescheduled its first quarter earnings call to May 4, 2021, at 9:00 a.m. Central Time. The change aims to allow analysts to attend both Vulcan's and another construction materials company's calls. Investors can access the live webcast at www.vulcanmaterials.com, or join via phone by calling 833-962-1439 (domestic) or 832-900-4623 (international). A conference ID of 6357979 is needed to join. A replay will be available post-call on the company’s website.

Vulcan Materials Company (NYSE: VMC) will hold its first quarter earnings conference call on May 4, 2021 at 10:00 a.m. CT. Financial results for the quarter ending March 31, 2021 will be released before the NYSE market opens. Interested parties can listen via a live webcast at www.vulcanmaterials.com or participate by phone using conference ID 6357979. The company is a leading producer of construction aggregates in the U.S. and is based in Birmingham, Alabama.

Vulcan Materials Company (NYSE: VMC) reported fourth-quarter 2020 net earnings of $115 million, with Adjusted EBITDA at $311 million, marking a 4% increase despite a 1% dip in revenues. For the full year, revenues were $4.86 billion, down 1% year-over-year, while net earnings totaled $584 million. The company expects 2021 Adjusted EBITDA between $1.340 billion and $1.440 billion. Strong growth in aggregates pricing and effective cost management contributed to improved margins. Key market trends indicate a positive demand outlook, bolstered by construction activity recovery.