Vulcan Materials Co. provided an update with respect to its Mexican SAC TUN operations. The company confirmed that the Mexican government has suspended the three-year customs permit granted in March 2022 to the Mexican subsidiary of the company and has begun a proceeding that could result in the revocation of that permit. A decision to maintain or revoke the permit…
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Hill Sees Bright Year Ahead
May 3, 2022 – Vulcan Materials just reported a big first quarter, with total revenues increasing 44% to $1.541 billion. Regarding the company’s full-year outlook, Tom Hill, Vulcan Materials’ chairman and chief executive officer said, “We reiterate our full-year Adjusted EBITDA range of $1.72 to $1.82 billion. In the first quarter, we capitalized on the considerable momentum in our business, growing…
Read MoreVulcan Materials Reports Huge First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. Total revenues increased 44% to $1.541 billion, up from $1,068 billion in 2021, driven by the addition of U.S. Concrete (USCR) operations as well as price and volume growth in the company’s legacy businesses. Average selling prices increased in each product line, helping to offset inflationary pressures. Same-store aggregates…
Read MoreVulcan Addresses Business Operations in Mexico
Vulcan Materials Co. provided an update with respect to its Mexican operations. “We are making progress in our discussions with the government of Mexico,” said Tom Hill, chairman and CEO of Vulcan Materials. “Earlier this year, Mexico delayed issuing a historically routine three-year customs permit for Vulcan’s deep-water port at Punta Venado. In March, we received that customs permit, which…
Read MoreIssues in Mexico
April 7, 2022 – According to Mexico Business News, Mexican President Andrés Manuel López Obrador warned business people from Sac Tun and Vulcan Materials Co. about a potential international lawsuit lest they stop resource exploitation at Calica, Quintana Roo. In 2019, Vulcan Materials requested arbitration against the Mexican government under USMCA regulations due to the revocation of its port concessions, which the…
Read MoreNSSGA’s Kicks Off Annual Convention with the Power of We
More than 600 aggregates industry leaders have convened in Nashville for the National Stone, Sand & Gravel Association’s (NSSGA) 2022 Annual Convention. The 2022 meeting themed the “Power of We” stresses the importance of a united industry after accomplishing the passage of the largest infrastructure investment of all times. “This week is critical for NSSGA members. This opportunity for us…
Read MoreVulcan Makes Executive Appointments
Vulcan Materials Co. announced that Suzanne Wood has decided to retire as senior vice president and chief financial officer, effective Sept. 1, 2022. Wood will then remain with the company in a consulting capacity until the end of the year. The board of directors has appointed Mary Andrews Carlisle, vice president – finance, as Wood’s successor, effective Sept. 1.
Read MoreVulcan’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…
Read MoreVulcan Muscles Its Way to Strong Fourth-Quarter, 2021 Results
Vulcan Materials Co. announced results for the quarter ended Dec. 31, 2021. The company is reporting:
Read MoreVulcan says, ‘Duck!”
Feb. 9, 2022 – For the last 16 years, Vulcan Materials and Ducks Unlimited (DU) have partnered to provide wood duck habitat in and around a 1,300-acre granite mine in Richmond County, N.C., according DU. This conservation partnership led Vulcan to contribute $25,000 to DU’s Southeast Wetlands Initiative. The roots of Vulcan’s relationship with DU can be traced back to former DU North…
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