Vulcan Reports Positive Signs of Recovery

Vulcan Materials Co of Birmingham, AL has reported 2020 total revenue of US$4.86 billion, down from US$4.93 billion in 2019. Aggregates sales were essentially flat at US$3.94 billion versus US$3.99 billion in 2019. Aggregate shipments decreased from 215.5 million tons to 208.3 million tons.

The company’s average aggregates sales price for the year was US$14.44/ton up from US$13.99/ton in 2019.

Tom Hill, Vulcan’s CEO, said, “Construction employment gains in key markets are a positive signal that activity levels are recovering across our footprint, as compelling fundamentals in residential construction to benefit from growth in heavy industrial projects such as data centers and warehouses, while construction starts in other categories remain below the prior year. Recent improvements in highway lettings and contract awards indicate growing confidence and visibility fueling advancement of planned projects, particularly in the second half of 2021. The pricing environment remains positive, and we continue to execute at a high level, positioning us well for 2021.”

Vulcan’s Calcium business generated a fourth quarter gross profit of US$1.2 million on revenues of US$2.45 million in 2020 versus a gross profit of US$828,000 on revenues of US$2.12 million in the same quarter of 2019. Volume sales increased from 78,000 tons to 88,000 tons and the average selling price increased from US$27.30/ton to US$27.64/ton.

For all of 2020, the Calcium segment generated a gross profit of US$2.91 million on sales of US$7.72 million compared with US$3.08 million on revenues of US$8.18 million in 2019. The average calcium sales price in 2020 was US$27.32/ton down from US$27.85/ton in 2019. Sales volume decreased from 294,000 tons to 282,000 tons.

Volume 35, Issue 04

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