分组1 - Vulcan Materials reported quarterly earnings of $2.17 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and showing an increase from $1.46 per share a year ago, resulting in an earnings surprise of 23.30% [1] - The company achieved revenues of $1.85 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.42%, compared to $1.83 billion in the same quarter last year [2] - Vulcan shares have increased approximately 5.1% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.97 on revenues of $1.68 billion, and for the current fiscal year, it is $8.83 on revenues of $8.13 billion [7] - The Zacks Industry Rank for Building Products - Concrete and Aggregates is in the bottom 8% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Revenue Performance - Total revenues for Q4 2024 were $1,854 million, a slight increase from $1,834 million in Q4 2023, while full-year revenues decreased to $7,418 million from $7,782 million[3]. - Total revenues for Q4 2024 were $1,853.6 million, a slight increase from $1,834.3 million in Q4 2023, while total revenues for the twelve months ended December 31, 2024, decreased to $7,417.7 million from $7,781.9 million in 2023[22]. - Total revenues for the Aggregates segment increased to $1,472.3 million in Q4 2024 from $1,413.0 million in Q4 2023, representing a growth of 4.2%[28]. - Aggregates segment freight-adjusted revenues for Q4 2024 reached $1,154.2 million, a 7.8% increase from $1,070.6 million in Q4 2023[33]. Profitability Metrics - Adjusted EBITDA for Q4 2024 increased by 16% to $550 million, with an adjusted EBITDA margin of 29.7%, up from 26.0% in Q4 2023[3]. - Gross profit for Q4 2024 was $537.2 million, compared to $472.2 million in Q4 2023, resulting in a gross margin increase from 25.8% to 29.0%[22]. - Operating earnings for Q4 2024 rose to $401.0 million, up from $370.1 million in Q4 2023, while operating earnings for the twelve months ended December 31, 2024, decreased to $1,364.5 million from $1,427.4 million in 2023[22]. - Net earnings attributable to Vulcan for Q4 2024 were $293.8 million, compared to $227.5 million in Q4 2023, reflecting a year-over-year increase of 29.1%[22]. - Basic earnings per share attributable to Vulcan for continuing operations increased to $2.24 in Q4 2024 from $1.73 in Q4 2023, while diluted earnings per share for the same period rose to $2.23 from $1.72[22]. Cost and Expenses - Selling, Administrative and General expenses are projected to be between $550 million and $560 million in 2025, compared to $531 million in 2024[16]. - Selling, administrative, and general expenses for Q4 2024 were $138.1 million, slightly down from $142.4 million in Q4 2023, indicating cost control efforts[22]. - Interest expense for Q4 2024 increased to $52.6 million from $37.4 million in Q4 2023, reflecting higher borrowing costs[22]. Future Projections - The company expects a 19% growth in Adjusted EBITDA for 2025, with net earnings projected between $1.01 billion and $1.17 billion[14]. - Capital expenditures for maintenance and growth projects are anticipated to be between $750 million and $800 million in 2025[16]. - The effective tax rate for 2025 is expected to be between 22% and 23%[16]. - Projected EBITDA for 2025 is estimated at $2,450 million, with net earnings attributable to Vulcan projected at $1,090 million[40]. Cash Flow and Liquidity - The company returned $313 million to shareholders in 2024 through dividends and stock repurchases, maintaining a strong liquidity position with over $600 million in cash[12]. - Cash and cash equivalents totaled $559.7 million, a decrease from $931.1 million[24]. - Total cash used for investing activities was $2,814.9 million in 2024, significantly higher than $163.5 million in 2023[26]. - Total cash and cash equivalents at the end of 2024 were $600.8 million, down from $949.2 million at the beginning of the year, a decrease of 36.7%[26]. - Net cash provided by operating activities decreased to $1,409.6 million in 2024 from $1,536.8 million in 2023, a decline of 8.3%[26]. Asset and Liability Overview - Total current assets were $2,265.7 million, a decrease from $2,524.9 million[24]. - Total current liabilities stood at $1,239.1 million, a decrease from $1,297.6 million[24]. - Long-term debt was reported at $400.5 million, reflecting a stable position[24]. - Total assets amounted to $17,104.8 million, compared to $14,545.7 million previously[24]. - Total liabilities at the end of 2024 were $8,962.3 million, compared to $7,037.8 million at the end of 2023, an increase of 27.4%[26]. - The total equity at the end of 2024 was $8,142.5 million, compared to $7,507.9 million at the end of 2023, an increase of 8.5%[26]. Segment Performance - Aggregates segment gross profit rose 15% to $486 million in Q4 2024, with cash gross profit per ton improving 16% to $11.50[4]. - The gross profit for the Aggregates segment increased to $486.5 million in Q4 2024 from $424.5 million in Q4 2023, an increase of 14.6%[28]. - The average freight-adjusted sales price for Aggregates rose to $21.41 in Q4 2024 from $19.34 in Q4 2023, an increase of 10.7%[28]. - Unit shipments for the aggregates segment decreased to 53.9 million tons in Q4 2024 from 55.3 million tons in Q4 2023[33]. Impairments and Tax Efficiency - The company reported a loss on impairments of $86.6 million for the twelve months ended December 31, 2024, compared to a loss of $28.3 million in 2023[22]. - The effective tax rate from continuing operations decreased to 12.7% in Q4 2024 from 31.3% in Q4 2023, indicating improved tax efficiency[22].

Core Viewpoint - Vulcan Materials Company reported strong financial results for the fourth quarter and full year of 2024, highlighting significant growth in adjusted EBITDA and cash gross profit per ton, with expectations for continued double-digit earnings growth in 2025 [1][13]. Financial Highlights - Total revenues for Q4 2024 were $1,854 million, slightly up from $1,834 million in Q4 2023, while full-year revenues decreased to $7,418 million from $7,782 million in 2023 [2]. - Gross profit for Q4 2024 increased to $537 million from $472 million in Q4 2023, with full-year gross profit rising to $2,000 million from $1,949 million [2]. - Adjusted EBITDA for Q4 2024 was $550 million, a 16% increase from $476 million in Q4 2023, with an adjusted EBITDA margin of 29.7% compared to 26.0% in the prior year [2][34]. - Net earnings attributable to Vulcan for Q4 2024 were $294 million, up from $227 million in Q4 2023, while full-year net earnings were $912 million, down from $933 million [2][34]. Segment Performance - The aggregates segment saw a gross profit increase of 15% to $486 million in Q4 2024, with cash gross profit per ton improving to $11.50, a 16% increase year-over-year [3][5]. - Asphalt segment gross profit was $46 million, with cash gross profit improving by 29% compared to the previous year, while concrete segment gross profit was $5 million [6]. - Aggregates shipments decreased by 3% in Q4 2024, reflecting underlying demand trends [4]. Pricing and Cost Trends - Freight-adjusted sales prices for aggregates increased by 11% year-over-year to $21.41 per ton, while freight-adjusted unit cash costs rose by 5% to $10.47 per ton [5][32]. - The company reported a consistent double-digit year-over-year improvement in aggregates cash gross profit per ton for eleven consecutive quarters [3]. Capital Allocation and Financial Position - Cash provided by operating activities for the full year was $1.4 billion, with capital expenditures totaling $638 million [9]. - The company returned $313 million to shareholders through dividends and stock repurchases, maintaining a strong liquidity position with over $600 million in cash on hand [11][12]. Outlook for 2025 - The company expects continued strength in public construction activity and volume growth, projecting a 19% increase in adjusted EBITDA for 2025 [13]. - Management anticipates a favorable pricing environment and moderate inflationary pressures, supporting further expansion in cash gross profit per ton [13].

Core Viewpoint - Vulcan Materials Company (VMC) has announced a 7% increase in its quarterly cash dividend, reflecting its commitment to enhancing shareholder returns through a balanced capital allocation strategy [1][2]. Dividend Announcement - The board approved a quarterly cash dividend increase to 49 cents per share ($1.96 annually) from 46 cents ($1.84 annually), effective March 24, 2025, for shareholders of record as of March 10 [2]. - Based on the closing price of $270.46 per share on February 14, 2025, VMC's dividend yield is 0.8% with a payout ratio of 28.3% [2]. Shareholder Returns - In the first nine months of 2024, the company returned $183.6 million to shareholders through dividends, up from $171.6 million in the same period last year [3]. Market Demand and Pricing - Vulcan has experienced strong pricing driven by increasing public demand, particularly in transportation, supported by federal, state, and local government spending on infrastructure projects [4][6]. - The company reported a 10% increase in aggregates cash gross profit per ton in Q3 2024, marking eight consecutive quarters of double-digit growth [5]. Strategic Growth - The acquisition of Wake Stone Corporation is expected to enhance Vulcan's presence in the high-growth Carolinas region [5]. - The company's operational principles, termed "Vulcan Way of Selling and Operating," are crucial for improving profitability and integrating new operations [5]. Stock Performance - VMC shares have gained 10.7% over the past six months, outperforming the Zacks Building Products - Concrete and Aggregates industry's growth of 5% [7].

Core Points - Vulcan Materials Company declared a quarterly cash dividend of $0.49 per share, an increase of 7% from the previous dividend of $0.46 per share [1][2] - The dividend will be payable on March 24, 2025, to shareholders of record as of March 10, 2025 [1] - This marks the eighth consecutive year of dividend increases for the company, reflecting a favorable outlook supported by its durable growth business model and strong cash generation [2] Company Overview - Vulcan Materials Company is the largest producer of construction aggregates in the United States, primarily focusing on crushed stone, sand, and gravel [2] - The company is also a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete [2] - Vulcan is a member of the S&P 500 Index and is headquartered in Birmingham, Alabama [2]

Vulcan Materials Company (VMC) is scheduled to release fourth-quarter 2024 results on Feb. 18, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s adjusted earnings and revenues missed the Zacks Consensus Estimate by 5.1% and 1.3%, respectively. On a year-over-year basis, earnings and revenues declined 3.1% and 8.3%, respectively.Vulcan’s earnings topped the consensus mark in two of the last four quarters and missed on ot ...

Wall Street analysts expect Vulcan Materials (VMC) to post quarterly earnings of $1.76 per share in its upcoming report, which indicates a year-over-year increase of 20.6%. Revenues are expected to be $1.83 billion, down 0.4% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company re ...

Vulcan Materials Company (NYSE: VMC ) is the nation’s largest supplier of construction aggregates, operating more than 397 aggregates facilities in the US market. I favor the company’s pricing power on aggregate products and anticipate their growth willMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth pot ...

BIRMINGHAM, Ala., Jan. 14, 2025 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) will host its fourth quarter 2024 earnings conference call on Tuesday, February 18, 2025 at 10:00 a.m. CT (11:00 a.m. ET). Financial results will be released before the NYSE market opens.The Company invites investors and other interested parties to listen to the live webcast of the conference call at www.vulcanmaterials.com. To participate by phone, call 800-274-8461 approximately 10 minutes before the scheduled start. For ...

Vulcan Materials Company (NYSE: VMC ) is one of the largest producers of construction aggregates. Construction aggregates include raw materials like crushed stone, sand, and gravel, which can then be used to make other goods like asphalt andI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can co ...