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Vulcan Materials Q2 Earnings Outpace Expectations

Vulcan Materials Company’s second-quarter 2015 adjusted earnings of 66 cents per share increased 83.3 perecent from 2014 quarter’s adjusted earnings of 36 cents per share.

August 21, 2015

Vulcan Materials Company’s second-quarter 2015 adjusted earnings of 66 cents per share increased 83.3 perecent from 2014 quarter’s adjusted earnings of 36 cents per share.

Total revenue was $895 million and sales increased 13 percent from the prior-year quarter owing to strong demand for construction activities across the markets served by the company and increasing pricing momentum in the aggregates segment. Adjusted total revenue in the concrete segment was $78.6 million, down 16.2 percent year over year owing to soft volumes.

 

Revenues in the Asphalt Mix segment were $129 million, up 18 percent year-over-year on the back of an 8 percent increase in same-store volume and price hikes of 1.3 percent. Gross profit of $21.1 million was up from $9 million in the prior-year quarter, due to efficient management of material margins and volume growth.

Adjusted total revenue in the calcium segment (formerly cement) was $2.4 million, up from $2.2 million in the prior-year quarter. The segment posted adjusted gross profit of $1.1 million, up from $0.8 million in the prior-year quarter.

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