Cement News tagged under: Vulcan Materials
Vulcan Materials improves net profit11 May 2017, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a 1Q17 turnover 4.3 per cent ahead at US$787.3m while EBITDA declined by four per cent to US$149.3m, having just over doubled the year before. At the trading level, the first-quarter profit improved by 11.5 per cent to US$67.4m and the net interest charge in the period increased by one per cent to US$34.17m, giving a pretax profit 32.3 per cent higher at US$43.5m. At the net attributable level the profit increased by 11.9 per ce... |
David P Steiner newest Vulcan board member15 February 2017, Published under Cement NewsVulcan Materials Co elected David P Steiner to its board of directors with immediate effect. Last November, Mr Steiner resigned as CEO of Waste Management. He currently served on the board of directors of FedEx Corp. "We are extremely pleased to welcome David to the Board. He brings to Vulcan a wealth of expertise in business operations, land management, transportation and logistics, financial management and strategic planning," Vulcan Chairman and CEO, J Thomas Hill, said in a statem... |
Vulcan's pretax profit grows by 67%08 February 2017, Published under Cement NewsVulcan Materials' turnover increased by 4.7 per cent in 2016 to US$3592.7m and EBITDA rose by 17.3 per cent to US$965.5m. After a net interest charge 39.5 per cent lower at US$133.3m, there was pretax profit of US$547.3m, a 66.9 per cent improvement. At the net level there was an 89.7 per cent advance to US$419.5m. Capital expenditure rose by 21.1 per cent to US$350m and is forecast to be in the region of US$300m in 2017. EBITDA is estimated by the group to be in the region of US$1175m for 2... |
USA: Vulcan Materials sees 15.6% profit improvement04 May 2016, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 15.6 per cent higher at US$754.7m while EBITDA doubled (+100.3 per cent) to US$155.9m. At the trading level, the first-quarter profit went from US$10.8m to US$64.9m and the net interest charge in the period dropped by 46.1 per cent to US$33.7m, giving a swing at the pretax level from a loss of US$50.7m to a US$30.5m profit and at the net attributable level the loss was replaced by a US$18.9m profit. Agg... |
Vulcan’s profit falls following exceptional gains in previous year05 August 2015, Published under Cement NewsVulcan Materials' first-half turnover rose by 11.8 per cent to US$1526.4m, but EBITDA declined by 31.8 per cent to US$300.2m. The trading profit fell by 44.8 per cent to US$164.59m after the exceptional gain on the disposal of the cement business in the previous year. After a net interest charge nine per cent lower at US$146.1m, the pretax profit dropped by 86.6 per cent to US$18.9m. The net attributable earnings line went from US$100m to US$8.5m. Net debt was increased by 10.8 per cen... |
Vulcan Materials sees good volume growth in most markets14 May 2015, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 9.9 per cent ahead at US$631.3m and EBITDA declined by 70.6 per cent to US$78.5m. At the trading level, the first quarter there was a US$10.8m profit compared with a US$194.7m profit a year earlier when there was a substantial capital gain from the sale of the cement operations, along with the ready-mixed concrete operations in Florida and southern Georgia, to Cementos Argos. The net interest charge i... |
Vulcan Materials adds two new members to its board17 February 2015, Published under Cement NewsVulcan Materials has named Southern Co CEO Thomas A Fanning and former US Secretary of Labor Elaine L Chao to its board of directors. Fanning has been president, CEO and chairman of Southern Co (the parent of Birmingham's Alabama Power Co) since 2010. He also serves as chair of the Federal Reserve Bank of Atlanta and as chairman of the Electric Subsector Coordinating Council. Chao served as the US Secretary of Labor over the 2001-09 period. She has also served as CEO of United Way of Ameri... |
Vulcan’s EBITDA grows by 28 per cent06 February 2015, Published under Cement NewsVulcan Materials' turnover increased by 8.1 per cent in 2014 to US$2994.2m and the EBITDA rose by 28.1 per cent to US$99.7m. After a net interest charge 20.2 per cent higher at US$242.7m, there was pre-tax profit of US$298.8m compared with a US$3.7m loss in 2013 and at the net level there was a jump from a US$24.3m profit to US$204.9m. Capital expenditure, which had jumped from US$93.4m to US$275.4m in 2013, declined by 18.3 per cent in 2014 to US$224.9m and is forecast to be in the regio... |
Vulcan expands through acquisitions, USA07 October 2014, Published under Cement NewsVulcan Materials Company, the biggest construction aggregates producer in the US, completed six acquisitions during its third quarter to expand its aggregate operations. These consist of five aggregates facilities and concerning downstream assets in Albuquerque, Phoenix, and Santa Fe, and an aggregates operation in Delaware that serves the markets in Northern Virginia and Washington, DC. The purchases follow the acquisition of four aggregates facilities in the San Francisco Bay area and of... |
Vulcan generates strong profit recovery06 August 2014, Published under Cement NewsVulcan Materials' first-half turnover rose by 6.9 per cent to US$1365.6m and the EBITDA advanced by 27 per cent to US$211.7m. The trading profit jumped from US$36.8m to US$297.9m and after a net interest charge 55.0 per cent higher at US$160.6m, the pre-tax result went from a US$64.2mloss to a profit of US$141.9m. The net attributable earnings line went from a negative US$26.1m to a positive US$100m. Capital investment jumped by 93.7 per cent to US$116.3m, having advanced by 78.8 per c... |