Vulcan reveals 2014 third quarter results

By |  November 9, 2014

Vulcan Materials announced the results for the third quarter ending September 30, with total revenues increasing 7 percent to $60 million and a gross profit increase of 31 percent at $50 million compared to last year’s third quarter.

Aggregate sales were up 15 percent to $689 million compared to the previous year’s third quarter. The increase can be attributed to volume growth across the company, with aggregates shipments increasing 12 percent. In addition, freight-adjusted sales price for aggregates increased 2 percent.

With the price improvement, as well as reductions in costs, the company experienced a 12 percent increase in gross profit per ton. The gross profit margin of the aggregates segment also improved 320 basis points over the third quarter.

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