$VMC (Vulcan Materials Company)

$VMC {{ '2015-11-03T17:08:05+0000' | timeago}} • Announcement

$VMC now expects 2015 effective tax rate to be 28%. Although full-year shipments may fall below plan on weather impacts in the 1H of the year, continued pricing and margin improvements lead $VMC to reconfirm its full-year adjusted EBITDA guidance of $775-825MM, assuming normal weather patterns in 4Q.

$VMC {{ '2017-07-14T20:48:34+0000' | timeago}} • Announcement

The BoD of $VMC declared a quarterly cash dividend of $0.25 per share on its common stock, payable on September 8, 2017, to shareholders of record on August 23, 2017.

$VMC {{ '2017-05-25T13:11:50+0000' | timeago}} • Announcement

$VMC agreed with SPO Partners to buy its aggregates business, Aggregates USA LLC for $900MM in cash. Aggregates USA operates 31 facilities serving high growth markets in Georgia, Florida, Tennessee, South Carolina and Virginia. $VMC expects the transaction to be accretive to its EPS in the first year following the close.

$VMC {{ '2017-05-12T21:28:44+0000' | timeago}} • Announcement

The Board of Directors of $VMC declared a quarterly cash dividend of $0.25 per share on its common stock, payable on June 9, 2017, to shareholders of record on May 24, 2017.

$VMC {{ '2017-05-10T16:10:09+0000' | timeago}} • Webcast

$VMC said that on aggregates pricing, it saw price increases happen in Jan. 2017 and had some more increases in April 1, 2017 compared to a year ago. On bid work, $VMC stated that it will bid projects throughout the year and those prices will continue to rise as the year progresses.

$VMC {{ '2017-05-10T15:51:03+0000' | timeago}} • Webcast

With regards to asphalt acquisitions as part of $VMC's longer term strategy, the company said it's not about vertical integration but it's about looking at the strategic position in individual markets. $VMC has the leading position in aggregates in Tennessee and is looking forward to pave more roads in the city.

$VMC {{ '2017-05-10T12:54:25+0000' | timeago}} • Announcement

For 2017, $VMC expects strong year-over-year growth in earnings. The company estimates adjusted EBITDA to be $1.125-1.225Bil, driven by a continuing recovery in shipments as well as the higher levels of publicly funded construction activities.

$VMC {{ '2017-05-10T12:51:17+0000' | timeago}} • Announcement

During 1Q17, $VMC's revenue grew 4% to $787MM compared to the same period last year. Revenue from Aggregates, the largest segment of the company, inched up 2.4% to $650.4MM from a year ago. Revenue from Asphalt Mix and Concrete segments increased 7.5% and 26% to $95.8MM and $88.8MM, respectively.

$VMC {{ '2017-05-10T12:41:25+0000' | timeago}} • Announcement

Construction materials supplier $VMC reported a 12% increase in 1Q17 profit. The growth was driven by price increase in Aggregates segment and continuing recovery in construction materials demand, and strong profitability in its Concrete and Asphalt segments. Net earnings were $44.9MM or $0.34 per share versus $40.1MM or $0.30 per share in 1Q16.

$VMC {{ '2017-02-13T11:50:59+0000' | timeago}} • Announcement

$VMC's BoD declared a quarterly cash dividend of 25 cents per share on its common stock. The dividend will be payable on March 10, 2017, to shareholders of record at the close of business on Feb. 24, 2017.

$VMC {{ '2017-02-10T20:04:11+0000' | timeago}} • Announcement

$VMC announced that it has elected David P. Steiner to its BoD, effective immediately. Steiner will serve on $VMC's Safety, Health & Environmental Affairs Committee and the Governance Committee. $VMC also announced that Elaine Chao has stepped down from the Board after being confirmed by the U.S. Senate to serve as U.S. Secretary of Transportation.

$VMC {{ '2017-02-07T19:58:28+0000' | timeago}} • Webcast

$VMC stated that for its asphalt, concrete and calcium segments, the company expects gross profit growth fo approx. 15% in total in 2017, driven mainly by volume recovery and improving material margins in concrete. Additionally, operating and maintenance CapEx for 2017 is expected to be about $300MM.

$VMC {{ '2017-02-07T19:44:22+0000' | timeago}} • Webcast

$VMC said the company expects volume growth in Texas in 2017, while California continuing to lag expectations. The company also expects it Illinois business to hold steady in 2017.

$VMC {{ '2017-02-07T13:32:27+0000' | timeago}} • Announcement

For 2017, $VMC expects adjusted EBITDA of $1.125-1.225Bil. $VMC expects aggregates shipments growth of 5-8% from 2016. Freight-adjusted aggregates price increase is expected to be 5-7%. Asphalt, Concrete and Calcium gross profit growth is expected to be approx. 15%. $VMC expects SAG expenses of about $320MM, 2% higher than the prior year.

$VMC {{ '2017-02-07T13:31:17+0000' | timeago}} • Announcement

$VMC expects core capital spending of approx. $300MM in 2017. Interest expense is expected to be approx. $140MM. Depreciation, depletion, accretion and amortization expense is expected to be approx. $300MM. Effective tax rate is expected to be 28%.

$VMC {{ '2017-02-07T13:23:56+0000' | timeago}} • Announcement

Construction aggregates producer $VMC reported an increase in 4Q16 earnings. Net income increased 27% to $113MM or $0.83 per share compared to 4Q15. Total revenues increased 2% to $873MM from last year.

$VMC {{ '2016-11-02T15:13:56+0000' | timeago}} • Webcast

$VMC expects the dividend to grow roughly in line with earnings throughout the recovery period. The company is focused long term on having a sustainable dividend. The next review by the Board on dividend will be February.

$VMC {{ '2016-11-02T14:38:12+0000' | timeago}} • Webcast

$VMC expects continued volume recovery in 2017 along with further improvements in pricing and overall margins. The company currently expects growth in each of its primary end use segments next year, residential, private non-res, highways and other public infrastructure.

$VMC {{ '2016-11-02T14:15:37+0000' | timeago}} • Webcast

$VMC said 3Q16 year-over-year shipments in California, Texas, Virginia and Illinois were down 15% collectively. The company's other markets experienced combined year-over-year shipment growth of 6%, and several markets saw strong double-digit growth to the order of 12% to 21%.

$VMC {{ '2016-11-02T12:10:08+0000' | timeago}} • Announcement

$VMC sees full year 2016 selling, administrative and general expenses of about $310MM, core capital expenditures of about $275MM and internal growth capital investments, excluding acquisitions, of about $125MM. At this point, $VMC expects to see broad-based volume and pricing growth accompanied by continued margin expansion in 2017.

$VMC {{ '2016-11-02T12:09:53+0000' | timeago}} • Announcement

$VMC's aggregates shipments for 3Q16 declined 2.3MM tons, or 4% from last year, while aggregates pricing rose $0.79 per ton, or 7%. Slower than expected large project starts and extremely wet weather impacted shipments in several key markets throughout 3Q16. Total volumes in Asphalt, Concrete and Calcium fell 11%.

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