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Dec 31, 2024
Vulcan Materials Q4 2024 Earnings Report
Vulcan Materials reported solid revenue growth and significant margin expansion in Q4 2024.
Key Takeaways
Vulcan Materials achieved strong financial performance in Q4 2024, with revenue reaching $1.85 billion and net income increasing by 29.5% YoY. Adjusted EBITDA rose 15.5% YoY, driven by pricing strength and cost efficiencies, while aggregates gross profit per ton saw double-digit growth. The company remains well-positioned for 2025 with favorable market conditions and strategic acquisitions.
Revenue increased to $1.85 billion, up 1.1% YoY.
Net income grew by 29.5% YoY to $294 million.
Adjusted EBITDA rose 15.5% YoY to $550 million, with margin expansion.
Aggregates pricing and operational efficiencies drove strong profitability.
Revenue by Segment
Forward Guidance
Vulcan expects strong earnings growth in 2025, supported by pricing strength, public construction demand, and recent acquisitions.
Positive Outlook
- Adjusted EBITDA expected to grow 19% YoY.
- Aggregates shipments projected to increase by 3-5%.
- Freight-adjusted sales price expected to rise 5-7%.
- Asphalt and Concrete segment cash gross profit forecasted at $360 million.
- Strong balance sheet and liquidity position for continued investment.
Challenges Ahead
- Potential cost pressures from inflation and fuel prices.
- Interest expense projected at approximately $245 million.
- Capital expenditures expected to increase to $750-$800 million.
- Expected slight negative impact from recent acquisitions on price mix.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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