The Board of Directors of Vulcan Materials Company (NYSE: VMC) today declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 23, 2025.

Vulcan Materials posted a strong first quarter in 2025, with revenue reaching $1.63 billion, up from $1.55 billion a year earlier, supported by pricing gains and cost discipline.

Net earnings attributable to Vulcan increased to $129 million from $103 million. Adjusted EBITDA rose 27 percent year-over-year to $411 million, with the margin improving to 25.1 percent from 20.9 percent.

In the Aggregates segment, gross profit increased 18 percent to $357 million, despite a 1 percent drop in shipments. The company achieved a 7 percent increase in freight-adjusted sales price per ton and a 3 percent reduction in freight-adjusted unit cost, resulting in a 20 percent rise in cash gross profit per ton to $10.63.

The Asphalt and Concrete segments also improved. Asphalt unit cash gross profit rose 19 percent, while the Concrete segment saw a 77 percent increase in unit cash gross profit, aided by a 15 percent increase in shipments.

Diluted earnings per share from continuing operations came in at $0.98, compared to $0.78 last year. Adjusted diluted earnings per share were $1.00.

Vulcan generated $252 million in operating cash flow and spent $168 million on capital expenditures. It returned $104 million to shareholders and reduced debt by $400 million, bringing its net debt to adjusted EBITDA ratio to 2.2 times. Return on invested capital stood at 16.2 percent.

The company reaffirmed its full-year 2025 guidance for adjusted EBITDA in the range of $2.35 to $2.55 billion, citing strong execution and favorable pricing trends.

Vulcan Materials Company (NYSE: VMC) will host its first quarter 2025 earnings conference call on Wednesday, April 30, 2025 at 9:00 a.m. CT (10:00 a.m. ET). Financial results will be released before the NYSE market opens.

Vulcan Materials Company reported strong financial results for the fourth quarter and full year 2024, driven by solid execution and margin expansion. Despite a slight decline in total revenues for the year, the company achieved growth in gross profit, adjusted EBITDA, and aggregates unit profitability.

In the fourth quarter, total revenue increased to $1.85 billion from $1.83 billion in the previous year, while gross profit rose by 14% to $537 million. Adjusted EBITDA grew 16% to $550 million, with an adjusted EBITDA margin expansion of 370 basis points to 29.7%. Aggregates segment gross profit per ton improved 16% year-over-year to $11.50.

For the full year, total revenues declined slightly to $7.42 billion from $7.78 billion in 2023. However, adjusted EBITDA increased to $2.06 billion, and adjusted EBITDA margin expanded to 27.7%. The company also reported net earnings attributable to Vulcan of $912 million. Aggregates pricing remained strong, with freight-adjusted sales price per ton rising 11% in the fourth quarter and 11% for the full year.

Vulcan Materials also highlighted its acquisitions in 2024, including Wake Stone Corporation and Superior Ready Mix Concrete, which strengthen its aggregates reserves and market position in key regions. The company returned $313 million to shareholders through dividends and share repurchases.

Looking ahead to 2025, Vulcan expects continued growth, forecasting a 3% to 5% increase in aggregates shipments and a 5% to 7% improvement in freight-adjusted pricing. The company anticipates adjusted EBITDA between $2.35 billion and $2.55 billion, supported by recent acquisitions and a favorable pricing environment. Other key projections include capital spending of $750 to $800 million, an effective tax rate of 22% to 23%, and net earnings of $1.01 billion to $1.17 billion.