Vulcan’s Hill Looks Forward

Nov. 4, 2021  – Tom Hill, chairman and chief executive officer of Vulcan Materials, was frank regarding the company’s current expectations for 2021. Hill, commenting on the heels of the company’s third-quarter report, said, “We are increasing our full-year Adjusted EBITDA range to reflect the earnings contribution of U.S. Concrete as well as the recent trends in demand, price and cost inflation. As a result, we expect full-year Adjusted EBITDA to be between $1.430 to $1.460 billion in 2021, excluding the $115 million gain from a land sale completed in the first quarter and including the U.S. Concrete (USCR) acquisition. As we look ahead, we believe our aggregates-focused business is uniquely positioned for broad participation in improving demand and is capable of navigating any changes in the macro environment. The USCR acquisition extends our growth platform, and we are excited about the opportunities in front of us. The prospects continue to be positive for the most significant federal investment in infrastructure since the creation of the Interstate Highway System in 1956, and we are well situated with leading positions in attractive growth areas where the need is greatest. Finally, we expect favorable pricing dynamics to continue, leading to attractive price growth.” 

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