Vulcan Materials Revenues Rise on Higher Aggregates Volumes and Prices

Vulcan Materials Co of Birmingham, AL has reported that in the first quarter of 2022 its Aggregates segment revenues increased from US$894.9 million to US$1.12 billion. Aggregate shipments volume increased from 46.4 million tons to 53.0 million tons while the average realized unit price increased from US$14.67/ton to US$15.52/ton.

Tom Hill, Vulcan’s CEO, said, “Consistent with our expectations, we delivered strong year-over-year earnings growth in the first quarter. Our teams executed well, despite macro environment challenges that included accelerating inflation, volatility in the energy markets, and ongoing disruptions in supply chains. We remain focused on executing our strategic disciplines to control what we can control and to dampen the headwinds of things outside of our control.”

Vulcan’s Calcium business generated a gross profit of US$0.7 million on revenues of US$1.9 million in the first quarter of 2022 versus a profit of US$0.9 million on revenues of US$2.1 million in the same period of 2021.

The company sold 54,000 tons of calcium products in the latest period, down from 75,000 tons in the corresponding period of 2021. The average calcium sales price in the quarter rose from US$27.64/ton to US$34.67/ton.

Volume 36, Issue 10

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