Vulcan sets record as third-quarter results are shared

Vulcan Materials Co.‘s aggregates segment gross profit improved by 10 percent in the third quarter, reflecting increased pricing and lower unit cost of sales due to improved productivity and cost reduction initiatives. The 10 percent stride was announced as Vulcan released its results for the third quarter Thursday.

Another third-quarter development at Vulcan was that aggregates pricing increased 4 percent from the prior year, reflecting an improvement in most markets, the company said. Unit cost of sales decreased 1 percent from the prior year.

On a same-store basis, aggregates shipments decreased 6 percent from the prior year. Aggregates cash gross profit was $4.75 per ton, a mark that set a third-quarter record at Vulcan.

“This quarter marks the fourth consecutive quarter of year-over-year higher unit profitability in aggregates, lower SAG expense and growth in adjusted EBITDA,” said Don James, chairman and CEO.