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Vulcan Q2 net sales rise 7 percent

Posted By Amanda Bayhi On August 9, 2013 @ 12:25 pm In Aggbeat Online,News | No Comments

vulcan-materials-logo [1]Vulcan Materials Company announced last week that the company’s net sales rose 7 percent ($47 million) in the second quarter of the year, which ended on June 30.

Don James , Chairman and CEO of Vulcan, said the “solid growth in second quarter earnings” was occurred despite wet weather conditions during the second quarter.

Vulcan earned $30 million ($0.23 per diluted share) in the second quarter of 2013, compared to a loss of $17 million ($0.13 per diluted share) in the second quarter of 2012.

Other highlights from Vulcan’s Q2 2013 results include:

  • Gross profit increased $27 million (25 percent) year over year

  • Aggregates gross profit increased $15 million

  • Aggregates gross profit margin increased 130 basis points

  • Aggregates shipments increased 2 percent from Q2 2012

  • Aggregates pricing increased 4 percent compared to a year ago

  • Non-aggregates segment gross profit was up $12 million

  • Ready-mixed concrete volumes rose 15 percent year over year

  • Cement volumes increased 20 percent over a year ago

Vulcan last week hosted a conference call regarding its second quarter 2013 earnings. Click here for a replay of the call [2].

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[1] Image: http://www.aggman.com/files/2013/03/vulcan-materials-logo-e1364329479905.jpg

[2] Click here for a replay of the call: https://talkpoint.webcasts.com/starthere.jsp?ei=1019737

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