Vulcan Materials Co (NYSE:VMC)
$ 290.59 0.14 (0.05%) Market Cap: 38.38 Bil Enterprise Value: 41.76 Bil PE Ratio: 45.83 PB Ratio: 4.88 GF Score: 89/100
Back to the Transcripts List

Q3 2024 Vulcan Materials Co Earnings Call Transcript

Oct 30, 2024 / 03:00PM GMT
Release Date Price: $276.23 (+6.43%)

Key Points

Positve
  • Vulcan Materials Co (VMC) reported an expansion in both gross margin and adjusted EBITDA margin despite weather disruptions.
  • The company achieved a double-digit increase in aggregates cash gross profit per ton for the eighth consecutive quarter.
  • Freight-adjusted average selling prices improved by 10% year-over-year, indicating a positive pricing environment.
  • Vulcan Materials Co (VMC) announced the acquisition of Wake Stone Corporation, enhancing its presence in the Carolinas.
  • The company generated nearly $1 billion in operating cash flow, with a 36% increase in free cash flow year-to-date.
Negative
  • Vulcan Materials Co (VMC) experienced a 10% decline in aggregate shipments due to extreme weather conditions, including four hurricanes.
  • Adjusted EBITDA for the quarter was $581 million, a modest decline compared to the previous year.
  • The company's West Coast concrete business faced margin compression due to lower volumes related to weak private demand in North Carolina.
  • The private nonresidential construction demand remains varied, with warehouse equity being a headwind.
  • The company anticipates continued challenges from volume declines and weather impacts in the fourth quarter.
Operator

Good morning. Welcome, everyone, to the Vulcan Materials Company third-quarter 2024 earnings call. My name is Angela, and I will be your conference call coordinator today. Please be reminded that today's call is being recorded and will be available for replay later today at the company's website. (Operator Instructions)

Now I will turn the call over to your host, Mr. Mark Warren, Vice President of Investor Relations for Vulcan Materials. Mr. Warren, you may begin.

Mark Warren
Vulcan Materials Co - IR Contact Officer

Thank you, operator, and good morning, everyone. With me today are Tom Hill, Chairman and CEO; and Mary Andrews Carlisle, Senior Vice President and Chief Financial Officer. Today's call is accompanied by a press release and a supplemental presentation posted to our website, vulcanmaterials.com.

Please be reminded that today's discussion may include forward-looking statements, which are subject to risks and uncertainties. These risks, along with other legal disclaimers, are deals in the company's earnings release and in other

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.