Rock Products

DEC 2018

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 • ROCKproducts • December 2018 I N D U S T RY N E W S IN THE KNOW FAST FACT Gross profit for the compa- ny's core Aggregates seg- ment increased 15 percent to $295 million. Vulcan Materials Co. announced results for the third quarter ended Sept. 30, 2018. Third quarter earnings from continuing operations were $180 mil- lion, or $1.34 per diluted share. Net earnings increased 65 percent to $179 million and Adjusted EBITDA increased 13 percent from the prior year's third quarter to $353 million. • Total revenues increased $145 mil- lion, or 13 percent, to $1.2 billion. • Gross profit was $343 million versus $304 million in the prior year. •  Aggregates segment sales increased $125 million to $984 million. • Shipments increased 5 million tons, or 10 percent, to 56 million tons. • Freight-adjusted sales price increased 2 percent to $13.35 per ton. • Segment gross profit increased $46 million, or 18 percent, to $304 million. • Asphalt, Concrete and Calcium seg- ment gross profit was $39 million, collectively. Tom Hill, chair- man and chief executive officer, said, "Our oper- ating disciplines and execution were very good u n d e r d i f f i - cult conditions that included weather challenges and higher diesel costs. Severe weather impacted our ability to serve customers in a number of key markets, but it didn't stop us from improving our unit profitability and realizing double-digit earnings growth in our core aggregates busi- ness. Aggregates pricing continued to march higher in the third quarter and unit costs declined, resulting in same-store earnings flow-through of more than 60 percent." On a same-store basis, gross profit for the company's core Aggregates segment increased 15 percent to $295 million. Vulcan Announces Third Quarter Aggregates Increases Tom Hill (904)356-6840 9410 Florida Mining Boulevard East Jacksonville, Florida, 32257 Heavy Duty Slurry Pumps Lowest Lead Times Lowest Life Cycle Costs

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