Vulcan Materials: Pricing Could Drive Further Growth [Seeking Alpha]
Vulcan Materials Company (Holding Company) (VMC)
Last vulcan materials company (holding company) earnings: 2/18 07:30 am
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US:NYSE Investor Relations:
vulcanmaterials.com/about-vulcan
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Source: Seeking Alpha
Vulcan Materials reported a strong Q4 and also 2023, with adjusted EBITDA and EPS both increasing substantially thanks to strong aggregates cash gross profit growth. For 2024, management expects adjusted EBITDA of $2.15 to $2.30 billion, which would be 11% organic growth at the midpoint versus 2023. For 2024, management expects aggregates freight adjusted price improvement of 10 to 12 percent. Although it is a quality company, I rate Vulcan Materials a 'Hold' given its premium valuation. Vulcan Materials Company ( NYSE: VMC ) is a leading supplier of aggregates in the United States. According to its 2023 annual report released February 22, 2024, 89% of Vulcan Materials' gross profits for the year came from aggregates, which are widely used in public and private construction. In terms of total revenues for 2023, aggregates accounted for 69%, asphalt accounted for 15%, and concrete accounted for 16%. In terms of aggregates, Vulcan Materials has 15.6 billion tons of aggreg
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High impacting Vulcan Materials Company (Holding Company) news events
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VMC
News
- Vulcan Materials (NYSE: VMC) had its price target raised by analysts at Jefferies Financial Group Inc. from $298.00 to $319.00. They now have a "buy" rating on the stock.MarketBeat
- VULCAN ANNOUNCES FIRST QUARTER 2024 CONFERENCE CALLPR Newswire
- Vulcan Materials (NYSE: VMC) had its price target raised by analysts at Citigroup Inc. from $263.00 to $322.00. They now have a "buy" rating on the stock.MarketBeat
- Vulcan Materials (NYSE: VMC) had its price target raised by analysts at Truist Financial Co. from $300.00 to $320.00. They now have a "buy" rating on the stock.MarketBeat
- Can We See More Upside, With This Stock Market Rally? [Yahoo! Finance]Yahoo! Finance
VMC
Earnings
- 2/16/24 - Beat
VMC
Sec Filings
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- 3/25/24 - Form DEF
- VMC's page on the SEC website