Vulcan Looks Ahead

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Aug. 4, 2020 – Vulcan Materials released its second-quarter report and aggregates sales were up. Regarding the company’s outlook, Tom Hill, chairman and chief executive officer stated, “Although the economic environment is showing signs of improvement, the pandemic’s effect on demand and the broader economy remains unclear. As a result, we are not reinstating earnings guidance at this time. While demand is…

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FIRST LOOK – JUNE 2020

TOP NEWS Summit Materials’ Aggregates Volumes Increase Summit Materials Inc. reported that net revenue increased by 11.9% to $342.4 million in the first quarter 2020, versus $306.0 million in the prior-year period. The improvement in net revenue was primarily attributable to organic volume and price growth in ready-mix concrete and aggregates. Martin Marietta Reports Strong First Quarter Martin Marietta Materials…

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Vulcan’s Hill Addresses COVID-19

RR050620 Hill.Vulcan

May 6, 2020 – Tom Hill, chairman and chief executive officer of Vulcan Materials Co., weighed in on COVID-19 and its impact on the company’s operations in its just-released quarterly report. “The impact from the COVID-19 global pandemic continues to evolve quickly, and it is too early to estimate accurately the full-year impact on aggregates demand,” he said. “Because we have…

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Vulcan Revenues Top $1 Billion in First Quarter; Aggregates Sales Up

Vulcan Materials Co. reported first-quarter total revenue of $1.05 billion, versus $996.5 million for the same period in 2019. First quarter Aggregates segment sales increased 4%, and gross profit increased 5% to $194 million, or $4.31 per ton. These improvements resulted from growth in shipments in certain key markets and wide-spread growth in pricing, the company stated.

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