AI English summary of an SEC filing — figures as filed
Vulcan Materials VMCThe company said Aggregates segment gross profit rose 6% to $528.5 million in Q2 2024 ($8.79 per ton, up 12%), and gross profit margin expanded 120 basis points. Shipments in the same quarter fell 5%.
Key points
AI summaryThe company said Aggregates segment gross profit rose 6% to $528.5 million in Q2 2024 ($8.79 per ton, up 12%), and gross profit margin expanded 120 basis points. Shipments in the same quarter fell 5%.
Vulcan said total revenues for Q2 2024 were $2,014.4 million, down 5% from Q2 2023. Net earnings attributable to Vulcan were $308.0 million ($2.31 per diluted share), roughly in line with $308.6 million ($2.31 per share) in the same quarter last year.
Vulcan said net cash provided by operating activities for the first half of 2024 (6 months) was $374.5 million, a decrease of $133.0 million from the same period a year earlier. The company attributed the decrease mainly to a $18.3 million decline in net earnings and changes in working capital balances.
Vulcan redeemed $550.0 million of senior notes due 2026 in the first half of 2024 and made net commercial paper issuances of $95.0 million. Over the same period, it returned capital to shareholders through dividends of $122.8 million and share repurchases of $68.8 million, for a total of $191.6 million.
Key figures
Quarter ended June 30, 2024
- Revenue
- $2.0B
- Operating income
- $454M
- Net income
- $308M
- EPS
- $2.31
- Gross profit
- $592M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Aggregates Gross Profit and Per-Ton Profitability in Q2
The company said Aggregates segment gross profit rose 6% to $528.5 million in Q2 2024 ($8.79 per ton, up 12%), and gross profit margin expanded 120 basis points. Shipments in the same quarter fell 5%.
Source · Based on the MD&A text of the filing
Q2 Revenue and Net Earnings Attributable to Vulcan
Vulcan said total revenues for Q2 2024 were $2,014.4 million, down 5% from Q2 2023. Net earnings attributable to Vulcan were $308.0 million ($2.31 per diluted share), roughly in line with $308.6 million ($2.31 per share) in the same quarter last year.
Source · Based on the MD&A text of the filing
First-Half Operating Cash Flow Decline
Vulcan said net cash provided by operating activities for the first half of 2024 (6 months) was $374.5 million, a decrease of $133.0 million from the same period a year earlier. The company attributed the decrease mainly to a $18.3 million decline in net earnings and changes in working capital balances.
Source · Based on the MD&A text of the filing
First-Half Senior Notes Redemption and Shareholder Returns
Vulcan redeemed $550.0 million of senior notes due 2026 in the first half of 2024 and made net commercial paper issuances of $95.0 million. Over the same period, it returned capital to shareholders through dividends of $122.8 million and share repurchases of $68.8 million, for a total of $191.6 million.
Source · Based on the MD&A text of the filing
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.
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