Cement News tagged under: Vulcan Materials
Strong 3Q results from Vulcan boost full-year forecasts27 October 2023, Published under Cement NewsVulcan Materials Co has reported revenues of US$2186m in the third quarter of 2023, up from US$2088m in the same period a year earlier. Gross profit over the same timeframe has advanced from US$493m to US$591m, while adjusted EBITDA has improved from US$507m to US$602m. In the 3Q23 the aggregates segment saw its gross profit increase by 17 per cent YoY to US$508m (equivalent to US$7.95/t), while the gross profit margin expanded 200 basis points. Cash gross profit per tonne improved 18... |
Management changes at Vulcan Materials21 September 2023, Published under Cement NewsTom Baker, previously Vulcan Material’s chief operating officer, has been appointed to the position of president, effective immediately. In this role, Mr Baker will continue to lead enterprise-wide strategic initiatives and support and advise the company's senior leadership team, reporting to Tom Hill, chairman and CEO. “Tom has a deep understanding of the construction materials industry. Vulcan—and particularly our talented management team—will continue to benefit from his valuable ex... |
Vulcan Materials' 1Q23 volumes hampered by poor weather05 May 2023, Published under Cement NewsVulcan Materials has reported revenue of US$1649m in the opening quarter of 2023, up from US$1541m in the same quarter a year earlier. Adjusted EBITDA over the same period has advanced from US$294m to US$338m, while gross profit has improved from US$269m to US$302m. Although shipments of aggregates over the 1Q23 fell to 51.7Mt, compared to 53Mt in the 1Q22, the freight-adjusted sales price per ton increased from US$15.52 in the 1Q22 to US$18.67 in the same period a year later, raising ... |
Vulcan Materials sees revenues advance in 2022 despite poor weather17 February 2023, Published under Cement NewsVulcan Materials has announced total revenue of US$7315m in 2022, up from US$5552m in the previous year. Adjusted EBITDA came in at US$1626m in 2022, compared to US$1451m in 2021, while gross profit advanced from US$1373m in 2021 to US$1558m 12 months later. In the fourth quarter of 2022, total revenue stood at US$1732m, versus US$1606m in the 4Q21. Adjusted EBITDA fell from US$383m in the 4Q21 to US$375m in the same period a year later, while gross profit remained stable at US$350m in... |
Vulcan Materials Co completes acquisition of US Concrete31 August 2021, Published under Cement NewsVulcan Materials Co has announced that it has completed its acquisition of US Concrete. Tom Hill, chairman and CEO of Vulcan Materials, said, "Today is an important milestone as we welcome US Concrete and its talented team to Vulcan while also taking the next step forward in our growth and value creation strategy. With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additiona... |
Vulcan Materials Co to acquire US Concrete08 June 2021, Published under Cement NewsVulcan Materials Co and US Concrete Inc have entered into a definitive merger agreement. Vulcan will acquire all of the issued and outstanding shares of US Concrete common stock for a purchase price of US$74/share in cash, which represents a total equity value of US$1.294bn. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the second half of 2021, subject to US Concrete shareholder approval, regulatory clearance, and oth... |
Cement industry and the COVID-19 crisis20 March 2020, Published under Cement NewsThis week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 March, to keep businesses running and employees safe. Many countries have already announced emergency financial packages and stimulus measures to support businesses and protect livelihoods, as countries impose social distancing measures and quarantine measures to slow the virus. The latest reports reveal that buildi... |
Vulcan reaches agreement to acquire Polaris Materials05 September 2017, Published under Cement NewsVulcan Materials announced that it has reached a definitive agreement to acquire Polaris Materials, an aggregates and logistics company, which serves key California markets from strategically situated operations in British Columbia. The Polaris business includes an aggregates processing plant and deepwater port on Vancouver Island along with associated long term aggregate reserves and five distribution yard outlets in the San Francisco Bay Area and in Long Beach, California. "We are very... |
Vulcan raises US$700m in public offering of senior unsecured notes19 June 2017, Published under Cement NewsVulcan Materials Company has raised US$700m in a public offering of senior unsecured 4.50 per cent notes due 2047. The notes bear an interest rate of 4.5 per cent per annum, payable semi-annually on 15 June and 15 December of each year, beginning from 15 December 2017. The notes will mature on 15 June 2047. The notes were issued at a price of 99.624 per cent plus accrued interest, if any, from June 15, 2017 with yield to maturity of 4.523 per cent. In addition, Vulcan Materials has al... |
Vulcan Materials to acquire Aggregates USA31 May 2017, Published under Cement NewsVulcan Materials Co has reached a definitive agreement with SPO Partners to acquire its aggregates business, Aggregates USA LLC for US$900m in cash. Aggregates USA LLC operates 31 facilities serving high growth markets in Georgia, Florida, Tennessee, South Carolina and Virginia. "We are pleased to have reached agreement with SPO Partners for these strategic assets, which enhance our ability to serve high growth markets throughout the southeastern US," said Vulcan's Chairman and CEO, Tom H... |