The company said net earnings attributable to Vulcan for Q4 2023 were $227 million, compared with $119 million a year earlier, and that gross profit rose to $472 million from $350 million. The company said gross profit margin expanded by 550 basis points in Q4.

1. 01

   The company said net earnings attributable to Vulcan for Q4 2023 were $227 million, compared with $119 million a year earlier, and that gross profit rose to $472 million from $350 million. The company said gross profit margin expanded by 550 basis points in Q4.

2. 02

   Vulcan said Adjusted EBITDA for full-year 2023 rose to $2,011 million from $1,626 million in 2022. The company also said freight-adjusted sales price per ton for its Aggregates segment was $19.00, up from $16.40, and cash gross profit per ton was $9.46, up from $7.83.

3. 03

   The company said cash provided by operating activities for full-year 2023 was $1.5 billion. It returned $428 million to shareholders, consisting of $200 million in common stock repurchases and $228 million in dividends. As of December 31, 2023, the ratio of total debt to Adjusted EBITDA was 1.9 times, or 1.5 times on a net debt basis.

4. 04

   Vulcan said it expects total Aggregates segment shipments in 2024 to be flat to down 4%, freight-adjusted price improvement of 10 to 12%, and Adjusted EBITDA between $2.15 and $2.30 billion. Its outlook for net earnings attributable to Vulcan is $1.07 to $1.19 billion.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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