Vulcan’s Fourth-Quarter Profit Soars
- Published: Monday, 10 February 2014 13:52
Vulcan Materials reported that in the fourth quarter of 2013, net sales increased $78 million, or 14 percent, versus the prior year’s fourth quarter, as volumes continued to improve. Gross profit improved $38 million, or 48 percent, primarily on the strength of the volume growth and operating leverage in aggregates. Aggregates gross profit and profit margin increased $30 million and 390 basis points, respectively. Shipments increased 7 percent. Pricing increased 3.5 percent.