Rock Products

MAR 2017

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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6 • ROCK products • March 2017 I N D U S T RY N E W S IN THE KNOW 866.968.3697 ACROSS THE COUNTRY Domestic weaving and regional presence allow us to offer the best service and on-site expertise for all Unified products. Contact us today for solutions to reduce downtime. We make it. We don't just stock it. just stock it. just stock it. just stock it. We make it. We make it. We make it. We don't We don't We don't FAST FACT Net earnings were $419 million and Adjusted EBITDA was $966 million, which represent gains of 90 percent and 16 per- cent, respectively. Vulcan Materials Co. announced results for the fourth quarter ended Dec. 31, 2016. The company's fourth-quarter results reflect solid price growth in Aggregates and higher gross profits in the company's Asphalt and Concrete segments, partially offsetting the earnings effect from a 3.5 percent decline in aggregates shipments. Net earnings were $113 million, or 27 percent higher than the prior year's Vulcan Materials Touts Aggregates Shipments, Price Improvements fourth quarter, and Adjusted EBITDA was $230 million, or 6 percent lower than the prior year's fourth quarter. For the year, net earnings were $419 million and Adjusted EBITDA was $966 million, which represent gains of 90 per- cent and 16 percent, respectively, over the prior year. Aggregates shipments grew 2 percent, and pricing increased 7 percent. Incremental aggregates gross profit equaled 65 percent of incremental freight-adjusted revenues. Aggregates gross profit as a percentage of freight-adjusted revenues expanded to 38 percent from 36 percent. Total company gross profit margin expanded to 28 per- cent from 25 percent, and total company gross profit margin excluding freight and delivery revenues expanded to 33 percent from 30 percent. The quarter-over-quarter decline in ship- ments primarily resulted from an earlier ramp-down to the construction season relative to the prior year's strong ship- ment rates through late December and continued volume weakness in Califor- nia, Illinois and coastal Texas, according to the company. Excluding these markets, daily shipment rates were 9 percent ahead of the prior year pace in October and November, but fell 7 percent below the prior year in December. In contrast, daily shipment rates for the fourth quarter in Califor- nia, Illinois and coastal Texas remained more than 15 percent below the prior year's pace. With an earlier end to the construction season, Illinois shipments in December were more than 45 percent

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