Vulcan Materials CO
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
VMC$287.31-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
| Unaudited | Three Months EndedJune 30 | Six Months EndedJune 30 | ||
|---|---|---|---|---|
| in millions, except per share data | 2024 | 2023 | 2024 | 2023 |
| Total revenues | $2,014.4 | $2,112.9 | $3,560.1 | $3,761.8 |
| Cost of revenues | (1,422.2) | (1,529.6) | (2,662.9) | (2,876.5) |
| Gross profit | 592.2 | 583.3 | 897.2 | 885.3 |
| Selling, administrative and general expenses | (134.1) | (139.1) | (263.8) | (256.5) |
| Gain on sale of property, plant & equipment and businesses | 3.8 | 16.7 | 4.4 | 18.5 |
| Other operating expense, net | (8.3) | (9.8) | (11.3) | (9.0) |
| Operating earnings | 453.6 | 451.1 | 626.5 | 638.3 |
| Other nonoperating income (expense), net | (8.7) | (0.1) | (8.9) | 1.3 |
| Interest expense, net | (40.2) | (46.7) | (79.3) | (95.7) |
| Earnings from continuing operations before income taxes | 404.7 | 404.3 | 538.3 | 543.9 |
| Income tax expense | (94.4) | (92.0) | (123.4) | (108.6) |
| Earnings from continuing operations | 310.3 | 312.3 | 414.9 | 435.3 |
| Loss on discontinued operations, net of tax | (2.0) | (3.7) | (3.7) | (5.8) |
| Net earnings | 308.3 | 308.6 | 411.2 | 429.5 |
| Earnings attributable to noncontrolling interest | (0.3) | 0.0 | (0.6) | (0.2) |
| Net earnings attributable to Vulcan | $308.0 | $308.6 | $410.6 | $429.3 |
| Other comprehensive income, net of tax | ||||
| Amortization of accumulated cash flow hedge losses | 0.4 | 0.4 | 0.8 | 0.8 |
| Amortization of accumulated benefit plan costs | 1.2 | 1.3 | 2.4 | 2.5 |
| Other comprehensive income | 1.6 | 1.7 | 3.2 | 3.3 |
| Comprehensive income | 309.9 | 310.3 | 414.4 | 432.8 |
| Comprehensive earnings attributable to noncontrolling interest | (0.3) | 0.0 | (0.6) | (0.2) |
| Comprehensive income attributable to Vulcan | $309.6 | $310.3 | $413.8 | $432.6 |
| Basic earnings (loss) per share attributable to Vulcan | ||||
| Continuing operations | $2.34 | $2.34 | $3.13 | $3.27 |
| Discontinued operations | (0.01) | (0.02) | (0.03) | (0.05) |
| Net earnings | $2.33 | $2.32 | $3.10 | $3.22 |
| Diluted earnings (loss) per share attributable to Vulcan | ||||
| Continuing operations | $2.33 | $2.33 | $3.11 | $3.25 |
| Discontinued operations | (0.02) | (0.02) | (0.03) | (0.04) |
| Net earnings | $2.31 | $2.31 | $3.08 | $3.21 |
| Weighted-average common shares outstanding | ||||
| Basic | 132.4 | 133.2 | 132.4 | 133.2 |
| Assuming dilution | 133.1 | 133.8 | 133.1 | 133.7 |
| Effective tax rate from continuing operations | 23.3% | 22.8% | 22.9% | 20.0% |
The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of these statements.
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