Exhibit 99.1

 

 

 

February 5, 2015

FOR IMMEDIATE RELEASE

Investor Contact: Mark Warren (205) 298-3220

Media Contact: David Donaldson (205) 298-3220

 

VULCAN ANNOUNCES FOURTH QUARTER 2014 RESULTS

 

EPS from Continuing Operations Increases Sharply to $0.29, including $0.02 in Business Development and Restructuring Costs

 

Aggregates Profitability Improves on Strong Execution

 

Birmingham, Alabama – February 5, 2015 – Vulcan Materials Company (NYSE:VMC), the nation’s largest producer of construction aggregates, today announced results for the fourth quarter ending December 31, 2014.

 

Fourth Quarter Summary (compared with prior year’s fourth quarter)

·Total revenues increased $75 million, or 11 percent, to $755 million
·Gross profit increased $52 million, or 45 percent, to $170 million
·Aggregates freight-adjusted revenues increased $68 million, or 18 percent, to $455 million
oShipments increased 15 percent, or 5.5 million tons
§Same-store shipments increased 12 percent, or 4.3 million tons
oSegment gross profit increased $44 million, or 40 percent, to $156 million
oIncremental gross profit as a percent of freight-adjusted revenues was 65 percent
§Incremental gross profit margin was 79 percent, excluding acquisitions
oCash gross profit per ton was $5.18, an increase of 11 percent, or $0.50 per ton
oAverage sales price increased 2 percent, despite unfavorable mix impact
§Exclusive of unfavorable mix, pricing increased 4 percent
·Non-aggregates gross profit improved $8 million, or 138 percent, collectively
·Adjusted EBITDA was $172 million, an increase of $41 million, or 32 percent
·Earnings from continuing operations were $0.29 per diluted share (including $0.02 per diluted share in expenses related mostly to business development activities) as compared to $0.08 in the fourth quarter of 2013

 

Full Year Summary (compared with prior year)

·Total revenues increased $223 million, or 8 percent, to $2,994 million
·Gross profit increased $161 million, or 38 percent, to $588 million
·Aggregates freight-adjusted revenues increased $218 million, or 14 percent, to $1,794 million
oShipments increased 11 percent, or 16.5 million tons
§Same-store shipments increased 10 percent, or 15.0 million tons
oSegment gross profit increased $131 million, or 32 percent, to $544 million
oIncremental gross profit as a percent of freight-adjusted revenues was 60 percent
§Incremental gross profit margin was 66 percent, excluding acquisitions
oCash gross profit per ton was $4.75, an increase of 9 percent, or $0.38 per ton

 


The following information was filed by Vulcan Materials Co (VMC) on Thursday, February 5, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Vulcan Materials Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Vulcan Materials Co.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account