Vulcan’s Hill Likes What He Sees

Feb. 16, 2022 – Vulcan reported its year-end 2021 results and the company’s strong performance – a $5.6 billion total revenue haul – is certainly a welcome sight as the industry digs into the 2022 production season. Regarding the company’s 2022 expectations, Tom Hill, chairman and chief executive officer said, “With a strong finish in the fourth quarter, we carry considerable momentum into the new year. Our markets are poised to outperform other parts of the country as demand continues to improve, and our industry-leading unit profitability increases with each passing quarter. We will continue to drive substantial value through the combination of our legacy business and the acquisition of USCR. Residential construction remains strong, and contract awards for private nonresidential buildings are growing again. On the public side, infrastructure investment is moving forward, and we are well positioned in attractive growth markets where the need is greatest. That said, labor shortages and supply chain disruptions are expected to continue to limit shipment growth in 2022. We expect the favorable pricing dynamics that improved throughout 2021 to be even better in 2022 and lead to attractive growth in aggregates unit profitability. Growing our aggregates unit profitability consistently during the last two years of pandemic-related disruptions demonstrates the resiliency of our business and our ability to capitalize on any changes in the macro environment.”

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