Vulcan’s fourth-quarter revenue exceeds previous year’s mark

By |  February 6, 2014

Vulcan Materials Co. reported $470 million in fourth-quarter aggregates revenue, as well as $112 million in gross profit – increases of 14 and 37 percent, respectively, versus the company’s 2012 fourth quarter. In addition, Vulcan’s gross profit per ton of aggregates was $4.62 – a 12 percent increase versus the fourth quarter of 2012.

According to a press release, Vulcan realized double-digit volume growth in Arizona, California, Florida, Georgia, North Carolina and Texas. In addition, Vulcan’s average sales price for aggregates increased in Alabama, California, Florida, Texas and along the Gulf Coast.

“Demand for our products continues to benefit from a recovery in private construction activity, particularly residential construction,” says Don James, Vulcan’s chairman and CEO. “As a result, each of our operating segments reported earnings improvement in the fourth quarter.  In particular, our aggregates segment performed very well – reflecting the strong earnings leverage to volume growth.”

For 2013, Vulcan reported earnings before interest, taxes, depreciation and amortization (EBITDA) of $468 million – an increase of $57 million from the previous year. Gross profit increased $93 million, with aggregates gross profit increasing $61 million. Aggregates volume increased 3.5 percent in 2013, and aggregates pricing rose 3.4 percent.

“Growth in the private end markets, particularly residential, continued to drive increased construction activity and demand for our products in 2013,” James says. “As expected, we realized strong volume growth across all our segments in the second half of 2013.

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Kevin Yanik

About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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