Acquisition Strategy - Vulcan Materials Company plans to acquire Superior Ready Mix Concrete LP to strengthen its presence in California, the second-largest aggregates market in the US [1] - The acquisition includes Superior's six aggregates operations, two asphalt plants, and 13 ready-mixed concrete locations, enhancing Vulcan's service capabilities in Southern California [1] - This aligns with Vulcan's aggregates-led growth strategy, focusing on high-demand markets and profitability [2] California Market Importance - California's growing population and infrastructure needs make it a critical market for Vulcan, with extensive demand for residential, commercial, and public works development [3] - Superior's assets will help Vulcan meet this demand efficiently, reinforcing its market leadership [3] - Superior's reputation for quality aligns with Vulcan's operational ethos, strengthening its competitive edge in customer service and supply chain reliability [3] Financial and Operational Impact - Vulcan has spent $2064 million on four bolt-on acquisitions in 2024, including California, North Carolina, Alabama, and Texas, supporting its geographic and operational expansion [4] - The company maintains financial flexibility, balancing acquisitions and shareholder returns, with a 2024 capital expenditure forecast of $625 million to $650 million [5] - Vulcan's CEO emphasizes the acquisition's value proposition, highlighting long-term profitability and customer satisfaction [6] Integration and Future Outlook - The acquisition is expected to close by the end of 2024, pending regulatory approvals, marking a significant step in Vulcan's sustainable growth strategy [8] - Vulcan's "Vulcan Way" disciplines, focusing on operational efficiency and market penetration, will guide the integration of Superior's assets [7] Share Performance and Industry Comparison - Vulcan's shares gained 12% following the acquisition news and have risen 232% year-to-date (YTD), outperforming the Zacks Building Products - Concrete and Aggregates industry's 149% growth [2][10] - The company benefits from strong public infrastructure demand, efficient execution of its strategy, and accretive buyouts [10] - The Zacks Consensus Estimate predicts 232% year-over-year growth in Vulcan's 2025 earnings per share [10] Industry Peers - Sterling Infrastructure Inc (STRL) has a Zacks Rank 1 (Strong Buy), with a 1145% YTD share increase and a 215% trailing four-quarter earnings surprise [12] - Louisiana-Pacific Corporation (LPX) also holds a Zacks Rank 1, with a 654% YTD gain and a 307% trailing four-quarter earnings surprise [13] - MasTec Inc (MTZ) sports a Zacks Rank 1, with a 798% YTD increase and a 402% trailing four-quarter earnings surprise [13]

BIRMINGHAM, Ala., Dec. 11, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced that it has entered into a definitive agreement to acquire Superior Ready Mix Concrete, L.P. ("Superior"). This value-enhancing acquisition will add six aggregates operations with more than 50 years of quality aggregates reserves to Vulcan's California franchise. California ranks as the most populous state in the U.S. and the second largest aggregate ...

Enhancing Our Core, Expanding Our Reach 3Q 2024 SUPPLEMENTAL INFORMATION OCTOBER 30, 2024 Safe Harbor and Non-GAAP Financial Measures This presentation contains forward-looking statements. Statements that are not historical fact, including statements about Vulcan's beliefs and expectations, are forward-looking statements. Generally, these statements relate to future financial performance, results of operations, business plans or strategies, projected or anticipated revenues, expenses, earnings (including EB ...

Vulcan Materials Company (NYSE:VMC) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Mark Warren - VP, IR Tom Hill - Chairman & CEO Mary Andrews Carlisle - SVP & CFO Conference Call Participants Garik Shmois - Loop Capital Trey Grooms - Stephens Keith Hughes - Truist Anthony Pettinari - Citigroup Kathryn Thompson - Thompson Research Group Jerry Revich - Goldman Sachs Brent Thielman - D.A. Davidson Phil Ng - Jefferies Timna Tanners - Wolfe Research Michael Dudas - Vertical R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1 par value VMC New York Stock Exchange (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Num ...

Vulcan Materials Company (VMC) reported third-quarter 2024 results, with earnings and revenues missing their respective Zacks Consensus Estimate and declining on a year-over-year basis due to severe weather, including hurricanes and storms across the Southeast, that led to lower aggregates shipments. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. VMC's shares grew 1.9% in the pre-market trading session on Oct. 30, after the earnings release. Investors might have been optimistic ab ...

Vulcan Materials (VMC) reported $2 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.3%. EPS of $2.22 for the same period compares to $2.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.03 billion, representing a surprise of -1.34%. The company delivered an EPS surprise of -5.13%, with the consensus EPS estimate being $2.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Exhibit 99.1 October 30, 2024 FOR IMMEDIATE RELEASE Investor Contact: Mark Warren (205) 298-3220 Media Contact: Jack Bonnikson (205) 298-3220 VULCAN REPORTS THIRD QUARTER 2024 RESULTS Solid Execution Drives Margin Expansion Despite Extreme Weather Disruptions Uniquely Positioned Aggregates Business Supports Earnings Growth Birmingham, Alabama – October 30, 2024 – Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended Sept ...

Solid Execution Drives Margin Expansion Despite Extreme Weather Disruptions Uniquely Positioned Aggregates Business Supports Earnings Growth BIRMINGHAM, Ala., Oct. 30, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended September 30, 2024. Financial Highlights Include: | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------- ...

Earnings Release and Historical Performance - Vulcan Materials Company (VMC) is scheduled to release its third-quarter 2024 results on October 30, before the market opens [1] - In the last reported quarter, the company's adjusted earnings missed the Zacks Consensus Estimate by 4.9%, while revenues missed by 1% [2] - Year-over-year, earnings increased by 2.6%, but revenues declined by 4.7% [2] - VMC's earnings have topped the consensus mark in three of the last four quarters, with an average surprise of 2.5% [2] Earnings and Revenue Estimates - The Zacks Consensus Estimate for VMC's third-quarter earnings per share has been revised downward to $2.42 from $2.47 over the past seven days, indicating a 5.7% year-over-year rise [3] - The consensus estimate for revenues is $2.07 billion, suggesting a 5.3% year-over-year decline [3] Factors Impacting Q3 Performance - Third-quarter revenues are anticipated to decrease year-over-year due to reduced volumes caused by adverse weather conditions and less traction on cement price increases [4] - Concrete sales are expected to be lower following the sale of the Texas concrete business [4] - Aggregates volumes were affected by Hurricane Helene and decelerating single-family construction activity, particularly in Tennessee, North Carolina, South Carolina, Florida, Alabama, and Georgia [4] - Strong pricing gains in aggregates, acceleration in infrastructure spending, and accretive acquisitions are likely to have offset some of the negative impacts [5] - The acquisition of Whitaker, closed in the second quarter, is expected to contribute to the company's top line in the third quarter [5] Segment Performance - The Aggregates business, which accounted for 80.1% of total second-quarter revenues, is expected to see net sales grow by 1.8% to $1.66 billion year-over-year, despite a 5.1% decline in volumes and a 10% increase in prices [6] - The Asphalt Mix segment, which accounted for 17.4% of total revenues in the second quarter, is expected to see net sales grow by 2.5% to $355.9 million year-over-year, with volumes increasing by 1% and prices rising by 5.2% [7] - The Concrete segment, which accounted for 8.3% of total revenues in the second quarter, is expected to see revenues decline by 48.1% to $189.1 million year-over-year, with volumes declining by 50.5% and prices increasing by 7.1% [8] Margin Pressures - Higher cost inflation, a shortage of skilled labor, and rising wage costs are expected to have impacted VMC's third-quarter margins [8] Earnings Model and Rank - The Zacks model does not predict an earnings beat for VMC this quarter, with an Earnings ESP of -4.60% and a Zacks Rank 3 [9] Other Companies in the Construction Sector - Louisiana-Pacific Corporation (LPX) has an Earnings ESP of +5.92% and a Zacks Rank 3, with earnings expected to decline by 45.1% [10][11] - UFP Industries, Inc. (UFPI) has an Earnings ESP of +0.37% and a Zacks Rank 3, with earnings expected to decrease by 13.8% [11] - Howmet Aerospace Inc. (HWM) has an Earnings ESP of +0.48% and a Zacks Rank 2, with earnings expected to increase by 41.3% year-over-year [12]