Vulcan execs offer positive view on coming years

Vulcan Materials Co. executives offered an optimistic outlook of their business’ future in interviews with Barron’s, which produced a feature article on one of the top U.S. aggregate producers.

According to Vulcan CEO Tom Hill, the company has “multiple years of double-digit top-line growth” ahead of it. In addition, Hill says aggregates pricing is gaining momentum. Vulcan has raised prices 22 percent since 2005, Barron’s reports.

John McPherson, Vulcan’s chief financial and strategy officer, adds that demand is “still more than 30 percent below 40-year trends.” McPherson expects Vulcan to exceed the prior cycle’s peak-demand price once demand normalizes, according to Barron’s.

In addition, Barron’s reports that Vulcan expects shipments to increase 8 percent this year, excluding acquisitions, and for prices to increase 6 percent. The company’s revenue could climb 12 percent.