NYSE$VMC
Vulcan Materials Co · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Vulcan Materials reported solid revenue growth and significant margin expansion in Q4 2024.
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.
Headline financials
Revenue & EPS history
Vulcan Materials · Revenue · Quarterly
$1.85B
Revenue by segment
Vulcan Materials · $2.34B total across 3 segments · Q3 2023
- Aggregates$1.63B+9.1%69.6%
- Concrete$365M-19.1%15.6%
- Asphalt$347M+11.9%14.9%
Forward guidance
Vulcan expects strong earnings growth in 2025, supported by pricing strength, public construction demand, and recent acquisitions.
Tailwinds
- 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.
Headwinds
- 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.
- Regulatory and economic uncertainties may impact construction demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.8%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+0.4%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+20.1%
Q3 2018
Best reaction
-8.3%
Q1 2009
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -1.3% | -2.8% | |
| Q4 2025 | -7.6% | -6.8% | -21.6% | |
| Q3 2025 | -1.6% | -0.9% | +0.8% | |
| Q2 2025 | +0.7% | +3.8% | +6.7% | |
| Q1 2025 | +6.9% | +10.1% | +8.0% | |
| Q4 2024 | +0.9% | -6.5% | -11.7% | |
| Q3 2024 | +5.5% | +3.6% | +11.0% | |
| Q2 2024 | -6.3% | -5.1% | -9.8% | |
| Q1 2024 | +1.8% | +3.3% | -1.5% | |
| Q4 2023 | +3.7% | +4.5% | +10.1% | |
| Q3 2023 | -4.8% | -3.4% | +4.1% | |
| Q2 2023 | +1.3% | +1.7% | -0.1% | |
| Q1 2023 | +8.4% | +8.1% | +13.5% | |
| Q4 2022 | -5.0% | -7.6% | -17.6% | |
| Q3 2022 | +2.6% | +4.5% | +12.0% | |
| Q2 2022 | +3.5% | +2.6% | -0.8% | |
| Q1 2022 | +0.1% | -7.9% | -6.2% | |
| Q4 2021 | -0.8% | -2.0% | -3.0% | |
| Q3 2021 | +0.5% | +5.5% | -1.9% | |
| Q2 2021 | -1.7% | +1.3% | -0.3% | |
| Q1 2021 | +5.5% | +6.7% | +1.8% | |
| Q4 2020 | -1.6% | -0.1% | +2.2% | |
| Q3 2020 | -1.2% | +2.7% | +7.4% | |
| Q2 2020 | +7.7% | +10.7% | +5.4% | |
| Q1 2020 | -5.4% | -10.1% | +14.9% | |
| Q4 2019 | -7.9% | -8.9% | -38.6% | |
| Q3 2019 | -2.6% | -3.2% | +1.8% | |
| Q2 2019 | -0.5% | +2.0% | +1.6% | |
| Q1 2019 | +3.8% | +4.9% | +0.9% | |
| Q4 2018 | +6.8% | +6.9% | +6.3% | |
| Q3 2018 | +20.1% | +20.8% | +27.0% | |
| Q2 2018 | -3.3% | -2.3% | -4.3% | |
| Q1 2018 | +8.0% | +11.5% | +13.8% | |
| Q4 2017 | -6.7% | -8.6% | -12.2% | |
| Q3 2017 | +2.1% | +2.3% | -0.4% | |
| Q2 2017 | +0.8% | +1.4% | +1.7% | |
| Q1 2017 | +2.3% | +3.6% | +3.3% | |
| Q4 2016 | -6.1% | -4.3% | -8.7% | |
| Q3 2016 | -1.3% | +2.4% | +9.9% | |
| Q2 2016 | -6.0% | -4.0% | -8.2% | |
| Q1 2016 | +2.9% | — | — | |
| Q4 2015 | +6.4% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | +8.7% | — | — | |
| Q1 2015 | -3.2% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q3 2014 | +2.8% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | +7.6% | — | — | |
| Q3 2013 | +5.2% | — | — | |
| Q2 2013 | +4.3% | — | — | |
| Q1 2013 | +10.5% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q3 2012 | +0.6% | — | — | |
| Q2 2012 | -5.7% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q2 2011 | +2.3% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2010 | -3.0% | — | — | |
| Q3 2010 | +5.2% | — | — | |
| Q4 2007 | +5.2% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q1 2009 | -8.3% | — | — | |
| Q1 2010 | +3.0% | — | — | |
| Q4 2009 | -3.5% | — | — | |
| Q4 2008 | -3.5% | — | — | |
| Q3 2009 | +3.7% | — | — | |
| Q3 2008 | +3.7% | — | — | |
| Q2 2008 | -1.7% | — | — | |
| Q2 2009 | -1.7% | — | — |
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