Vulcan Materials Company reported a total revenue of $1.634 billion for the first quarter of 2025, marking a 6% increase from $1.546 billion in the same period last year. The company's gross profit rose by 20% to $365.3 million, up from $304.9 million in the first quarter of 2024. This growth was driven primarily by a 3% increase in aggregates segment sales, which reached $1.336 billion, and a 6% rise in freight-adjusted revenues to $1.052 billion. The company also noted a significant improvement in unit profitability, with gross profit per ton increasing by 19% to $7.48.
Compared to the previous fiscal period, Vulcan's operating earnings increased by 31% to $226.4 million, while net earnings attributable to the company rose by 26% to $128.9 million, or $0.97 per diluted share. Adjusted earnings from continuing operations also improved, reaching $1.00 per diluted share compared to $0.80 in the prior year. The increase in earnings was attributed to higher gross profits across the aggregates and concrete segments, despite a slight decrease in aggregate shipments of 1% due to challenging weather conditions.
In terms of strategic developments, Vulcan did not complete any business acquisitions in the first quarter of 2025, following significant acquisitions in 2024, including operations in North Carolina and Alabama. The company continues to focus on integrating these acquisitions into its operations. Capital expenditures for the quarter totaled $105.3 million, with plans to invest between $750 million and $800 million throughout 2025 on maintenance and growth projects.
Operationally, Vulcan reported a decrease in aggregate shipments to 47.8 million tons, while asphalt mix shipments increased by 4% and ready-mixed concrete shipments rose by 15%. The company’s freight-adjusted sales price for aggregates increased by 7% to $22.03 per ton, reflecting effective pricing strategies. The total employee headcount remained stable, supporting the company's operational needs as it navigates market conditions.
Looking ahead, Vulcan Materials maintains a positive outlook for the remainder of 2025, projecting Adjusted EBITDA between $2.35 billion and $2.55 billion. The company is closely monitoring economic conditions, including trade policies and interest rates, but remains confident in its ability to generate cash and create value for shareholders through disciplined execution of its strategic initiatives.
About Vulcan Materials CO
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