Feb. 24, 2025 – Vulcan Materials, in its recent quarterly report, announced fourth quarter total revenues of $1.854 billion, versus $1.834 billion in the fourth quarter of 2023. The company announced total revenue for full year 2024 of $7.418 billion versus $7.782 billion in 2023. Regarding the company’s outlook, the company’s Chairman and Chief Executive Officer Tom Hill said, “We carry solid momentum into 2025 and are well positioned to deliver another year of strong earnings growth and cash generation. Continued strength in public construction activity and our recent acquisitions support our expectations for volume growth in 2025. The pricing environment remains positive, and inflationary pressures continue to moderate. This backdrop, coupled with our Vulcan Way of Selling and Vulcan Way of Operating disciplines will lead to further expansion in our industry-leading aggregates cash gross profit per ton and value creation for our shareholders.”
Management expectations for 2025 include:
- A third consecutive year of double-digit year-over-year growth in Aggregates segment cash gross profit per ton ($10.61 in 2024).
- Shipments growth of 3 to 5% (219.9 million tons in 2024).
- Freight-adjusted price improvement of 5 to 7% ($21.08 in 2024); inclusive of over 100 basis points of negative mix impact from recent acquisitions.
- Low to mid-single digit increase in freight-adjusted unit cash cost (freight-adjusted price less segment cash gross profit per ton; $10.47 in 2024).