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 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.
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.
Vulcan Materials Company (NYSE: VMC) reported significant third-quarter financial results for 2021, achieving total revenues of $1.52 billion, a 16% increase from the prior year. Operating earnings fell to $262 million due to acquisition-related expenses and increased costs. Aggregates gross profit rose 10% to $372 million, driven by a 5% increase in same-store volumes and a 3.5% rise in mix-adjusted price. Adjusted EBITDA grew 4% to $418 million. The full-year Adjusted EBITDA guidance was raised to between $1.430 and $1.460 billion, reflecting strong demand in construction and effective cost management.
Vulcan Materials Company (NYSE: VMC) will host its third quarter earnings conference call on November 4, 2021, at 9:00 a.m. CT (10:00 a.m. ET). Financial results for the quarter ending September 30, 2021 will be released prior to market opening. Investors can listen via webcast at www.vulcanmaterials.com or by calling 866-831-8713. The company, based in Birmingham, Alabama, is the largest supplier of construction aggregates in the U.S., producing materials like crushed stone, sand, and asphalt.