Core Insights - Vulcan Materials (VMC) reported $2 billion in revenue for Q3 2024, an 8.3% decline year-over-year, with EPS of $2.22 compared to $2.29 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.03 billion, resulting in a surprise of -1.34%, while the EPS also missed the consensus estimate of $2.34 by -5.13% [1] Financial Performance Metrics - Average unit sales price per ton for Aggregates was $21.27, slightly above the estimated $21.20 [3] - Unit shipments for Aggregates were 57,700 KTon, below the estimated 59,740.56 KTon [3] - Unit shipments for Asphalt mix were 4,100 KTon, slightly below the estimate of 4,039.63 KTon [3] - Unit shipments for Ready-mixed concrete were 900 KCuYd, compared to the estimate of 1,011.27 KCuYd [3] - Average unit sales price per ton for Asphalt mix was $80.88, above the estimate of $79.82 [3] - Average unit sales price per cubic yard for Ready-mixed concrete was $185.61, above the estimate of $181.93 [3] - Net sales for Aggregates were $1.57 billion, below the average estimate of $1.63 billion, representing a -3.3% year-over-year change [3] - Net sales for Asphalt were $381.10 million, exceeding the estimate of $369.63 million, with a +9.8% year-over-year change [3] - Net sales for Concrete were $174.40 million, below the estimate of $186.61 million, representing a -52.2% year-over-year change [3] - Gross profit for Aggregates was $498.50 million, below the estimate of $528.70 million [3] - Gross profit for Asphalt was $60.20 million, below the estimate of $63.98 million [3] Stock Performance - Vulcan's shares have returned +4.9% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]

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 ...

Core Insights - Vulcan Materials Company reported third-quarter results for 2024, highlighting strong execution and margin expansion despite extreme weather disruptions [1] - The company continues to enhance its aggregates business, which supports earnings growth and has seen a consistent increase in cash gross profit per ton for eight consecutive quarters [1][2] Financial Performance - Total revenues for Q3 2024 were $2,004 million, down from $2,186 million in Q3 2023 [1][17] - Gross profit decreased to $565 million from $591 million year-over-year [1][17] - Net earnings attributable to Vulcan were $208 million, compared to $276 million in the prior year [1][17] - Adjusted EBITDA for the quarter was $581 million, slightly down from $602 million in Q3 2023 [1][17] - Adjusted EBITDA margin improved to 29.0% from 27.6% year-over-year [1][17] Segment Results - The aggregates segment gross profit was $498 million, with a gross profit margin expansion of 40 basis points [2] - Shipments in the aggregates segment decreased by 10% due to severe weather conditions [3] - Asphalt segment gross profit was $60 million, with a 12% improvement year-over-year, while concrete segment gross profit was $7 million [5] Cost and Pricing Dynamics - Freight-adjusted sales prices for aggregates increased by 10% compared to the previous year [4] - Cash gross profit per ton for aggregates improved by 10% to $10.89, despite lower shipments [2][4] - Selling, Administrative and General (SAG) expenses decreased to $129 million from $144 million in the prior year [6] Capital Allocation and Growth Strategy - The company announced the acquisition of Wake Stone Corporation, expected to close in Q4 2024, which will enhance its presence in high-growth regions [9] - Capital expenditures for Q3 were $104 million, with a full-year expectation of $625 to $650 million for maintenance and growth projects [8] - The company returned $61 million to shareholders through dividends, marking a 6% increase from the previous year [8] Outlook - The company anticipates full-year Adjusted EBITDA of approximately $2 billion, influenced by weather disruptions and declining shipments [10] - For 2025, Vulcan expects aggregates prices to improve in the high-single digits and cash gross profit per ton to continue expanding at double-digit levels [11]

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]

The market expects Vulcan Materials (VMC) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numb ...

BIRMINGHAM, Ala., Oct. 9, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) will host its third quarter 2024 earnings conference call on Wednesday, October 30, 2024 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 ...

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Vulcan Materials Company (VMC) has entered into a definitive agreement to acquire Wake Stone Corporation, a major aggregates supplier in the Carolinas. This acquisition aligns with VMC's aggregates-led strategy of expanding its presence in high-growth regions across the United States. The deal is expected to add more than 60 years of hard rock reserves, particularly benefiting key markets like Raleigh, NC. Wake Stone has built a strong aggregates franchise since its establishment in 1970, sharing many value ...

Waithaya Palee August 6th ended up being a pretty brutal day for shareholders of Vulcan Materials (NYSE:VMC). As the broader market rebounded following a disastrous and painful global route that occurred the day prior, shares of the aggregates, asphalt, and ready-mix concrete company dropped by 4.4%. There were multiple drivers behind this decline. For starters, both revenue and earnings per share came in lower than what analysts anticipated. But in addition to this, the company also revised down guidance f ...

Vulcan Materials Company (VMC) reported dismal second-quarter 2024 results, with earnings and revenues missing their respective Zacks Consensus Estimate. On a year-over-year basis, earnings increased, but revenues declined due to lower Aggregate shipments. VMC's shares fell 4.6% in the pre-market trading session on Aug 6, after the earnings release. Investors' sentiments are likely to have been hurt by the slashed 2024 net earnings outlook. Inside the Headlines Adjusted earnings of $2.35 per share missed th ...