The company said Vulcan net earnings attributable to Vulcan for 2023 were $933.2 million, up $357.6 million or 62%, and Adjusted EBITDA was $2,011.3 million, up 24%. It said operating cash flow was $1,536.8 million.

1. 01

   The company said Vulcan net earnings attributable to Vulcan for 2023 were $933.2 million, up $357.6 million or 62%, and Adjusted EBITDA was $2,011.3 million, up 24%. It said operating cash flow was $1,536.8 million.

2. 02

   The company said Aggregates segment gross profit for 2023 rose 23% to $1,733.6 million ($7.40 per ton), and cash gross profit per ton increased 21% to $9.46. Shipments fell 1%, while freight-adjusted pricing rose 15.9% to $19.00.

3. 03

   The company said it paid dividends of $1.72 per share, or $228.4 million in total, and repurchased shares for $204.52 per share on average, totaling $200.0 million, in 2023. It said it invested $424.5 million in capital expenditures to replace or improve existing property, plant and equipment and $200.8 million in internal growth projects in the same year, and completed no business acquisitions.

4. 04

   The company said it had available liquidity of $2,447.9 million as of December 31, 2023, including $931.1 million of unrestricted cash on hand. It said its total debt to Adjusted EBITDA ratio was 1.9x, or 1.5x on a net debt basis.

Key figures

Fiscal year ended December 31, 2023

Operating income

$1.4B

Net income

$933M

EPS

$6.98

Gross profit

$1.9B

Operating cash flow

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.