Welcome to our dedicated page for Vulcan Materials Company(Holding Company) news (Ticker: VMC), a resource for investors and traders seeking the latest updates and insights on Vulcan Materials Company(Holding Company) stock.
Vulcan Materials Company reports developments tied to its construction aggregates business, common-stock capital returns, operating results and investor communications. The company is the nation’s largest producer of construction aggregates, primarily crushed stone, sand and gravel, and is also a major producer of aggregates-based construction materials, including asphalt mix and ready-mixed concrete.
Recurring VMC news includes quarterly earnings releases and conference calls, dividend declarations, investor day presentations, growth and profitability targets, and updates related to its aggregates-led strategy. Company announcements also reference its S&P 500 membership and long public-company history on the New York Stock Exchange.
Vulcan Materials Company (NYSE: VMC) reported strong financial results for Q3 2022, with total revenues rising 38% to $2.09 billion, driven by solid demand and pricing in its aggregates segment. Average selling prices increased significantly, with aggregates pricing up 12%. Gross profit also grew by 25% to $493 million. Earnings from continuing operations were $178 million, or $1.33 per diluted share, reflecting a loss from non-routine items. The company anticipates continued growth in 2023, supported by positive pricing dynamics and strong operational performance.
The Board of Directors of Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of $0.40 per share on its common stock. This dividend is scheduled for payment on December 5, 2022, to shareholders on record as of November 15, 2022. Vulcan Materials is the largest producer of construction aggregates in the United States, focusing on crushed stone, sand, and gravel, as well as materials like asphalt mix and ready-mixed concrete. For further details, visit www.vulcanmaterials.com.
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.