Vulcan Materials Files Q3 2024 10-Q
Ticker: VMC · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 1396009
| Field | Detail |
|---|---|
| Company | Vulcan Materials Co (VMC) |
| Form Type | 10-Q |
| Filed Date | Oct 30, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1, $1 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, materials
TL;DR
Vulcan Materials dropped its Q3 2024 10-Q. Financials look solid.
AI Summary
Vulcan Materials Company filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including its assets and liabilities. Specific financial figures and operational details are presented within the report.
Why It Matters
This filing provides investors and analysts with the latest financial data for Vulcan Materials, a key player in the construction materials industry, impacting assessments of its market position and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant performance trends or risks for Vulcan Materials.
Key Players & Entities
- Vulcan Materials CO (company) — Filer
- 20240930 (date) — Period of Report
- 20241030 (date) — Filing Date
- 1200 URBAN CENTER DRIVE (address) — Business Address
- BIRMINGHAM (city) — Business Address City
- AL (state) — Business Address State
- 35242 (zip_code) — Business Address Zip
- (205) 298-3000 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the third quarter of 2024.
When was this 10-Q filed with the SEC?
The filing date (FILED AS OF DATE) is 20241030.
What is Vulcan Materials Company's primary business according to the SIC code?
The Standard Industrial Classification code [1400] indicates their business is Mining, Quarrying of Nonmetallic Minerals (No Fuels).
Where is Vulcan Materials Company headquartered?
The company's business address is 1200 URBAN CENTER DRIVE, BIRMINGHAM, AL 35242.
What was the previous name of Vulcan Materials Company?
The former company name was Virginia Holdco, Inc., with a date of name change on 20070409.
Filing Stats: 4,749 words · 19 min read · ~16 pages · Grade level 7 · Accepted 2024-10-30 14:09:19
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value VMC New York Stock Exchange
- $1 b — financial statement income in excess of $1 billion, as well as certain climate-relat
Filing Documents
- vmc-20240930.htm (10-Q) — 1574KB
- a3q24-ex31.htm (EX-31) — 19KB
- a3q24-ex32.htm (EX-32) — 10KB
- a3q24-ex95.htm (EX-95) — 60KB
- vmc-20240930_g1.jpg (GRAPHIC) — 312KB
- 0001396009-24-000023.txt ( ) — 10411KB
- vmc-20240930.xsd (EX-101.SCH) — 61KB
- vmc-20240930_cal.xml (EX-101.CAL) — 105KB
- vmc-20240930_def.xml (EX-101.DEF) — 295KB
- vmc-20240930_lab.xml (EX-101.LAB) — 751KB
- vmc-20240930_pre.xml (EX-101.PRE) — 556KB
- vmc-20240930_htm.xml (XML) — 1625KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Notes to Condensed Consolidated Financial Statements 5 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 44 Item 4.
Controls and Procedures
Controls and Procedures 44 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 45 Item 1A.
Risk Factors
Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 4. Mine Safety Disclosures 45 Item 5. Other Information 45 Item 6. Exhibits 46
Signatures
Signatures 47 Unless otherwise stated or the context otherwise requires, references in this report to "Vulcan," the "Company," "we," "our," or "us" refer to Vulcan Materials Company and its consolidated subsidiaries. 1
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION ITEM 1
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS VULCAN MATERIALS COMPANY AND SUBSIDIARY COMPANIES CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited September 30 2024 December 31 2023 September 30 2023 in millions Assets Cash and cash equivalents $ 433.2 $ 931.1 $ 340.0 Restricted cash 1.1 18.1 5.0 Accounts and notes receivable, gross 1,030.9 903.3 1,199.2 Allowance for credit losses ( 13.5 ) ( 13.6 ) ( 14.7 ) Accounts and notes receivable, net 1,017.4 889.7 1,184.5 Inventories 647.7 615.6 570.6 Other current assets 113.5 70.4 106.0 Assets held for sale 0.0 0.0 495.1 Total current assets 2,212.9 2,524.9 2,701.2 Investments and long-term receivables 31.4 31.3 31.2 Property, plant & equipment, cost 12,350.5 11,835.5 11,610.4 Allowances for depreciation, depletion & amortization ( 5,937.0 ) ( 5,617.8 ) ( 5,498.4 ) Property, plant & equipment, net 6,413.5 6,217.7 6,112.0 Operating lease right-of-use assets, net 508.3 511.7 521.5 Goodwill 3,450.0 3,531.7 3,531.7 Other intangible assets, net 1,448.3 1,460.7 1,471.8 Other noncurrent assets 287.5 267.7 251.1 Total assets $ 14,351.9 $ 14,545.7 $ 14,620.5 Liabilities Current maturities of long-term debt 0.5 0.5 0.5 Trade payables and accruals 352.6 390.4 412.8 Other current liabilities 421.0 406.7 440.8 Liabilities held for sale 0.0 0.0 10.1 Total current liabilities 774.1 797.6 864.2 Long-term debt 3,329.2 3,877.3 3,874.3 Deferred income taxes, net 1,000.3 1,028.9 1,068.3 Deferred revenue 139.4 145.3 147.4 Noncurrent operating lease liabilities 503.5 507.4 516.0 Other noncurrent liabilities 712.3 681.3 685.1 Total liabilities $ 6,458.8 $ 7,037.8 $ 7,155.3 Other commitments and contingencies (Note 8) Equity Common stock, $ 1 par value, Authorized 480.0 shares, Outstanding 132.1 , 132.1 and 132.9 shares, respectively 132.1 132.1 132.9 Capital in excess of par value 2,895.0 2,880.1 2,862.4 Retained earnings 4,980.7 4,615.0 4,595.0 Accumulated other comprehensive loss ( 138.8 ) ( 143.8 ) ( 149.7 ) Total sharehol