Declared Dividend • May 20
First quarter dividend of US$0.52 announced Shareholders will receive a dividend of US$0.52. Ex-date: 22nd May 2026 Payment date: 5th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 11
Vulcan Materials Company Declares Quarterly Dividend on Common Stock, Payable on June 5, 2026 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.52 per share on its common stock. The dividend will be payable on June 5, 2026, to shareholders of record at the close of business on May 22, 2026. Tillkännagivande • Apr 08
Vulcan Materials Company to Report Q1, 2026 Results on Apr 29, 2026 Vulcan Materials Company announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Tillkännagivande • Mar 25
Vulcan Materials Company, Annual General Meeting, May 08, 2026 Vulcan Materials Company, Annual General Meeting, May 08, 2026. Tillkännagivande • Feb 14
Vulcan Materials Company Increases Quarterly Dividend on Common Stock, Payable on March 23, 2026 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.52 per share on its common stock. The dividend will be payable on March 23, 2026, to shareholders of record at the close of business on March 9, 2026. The new quarterly dividend represents an increase of six percent from $0.49 to $0.52 per share. Tillkännagivande • Jan 13
Vulcan Materials Company to Report Q4, 2025 Results on Feb 17, 2026 Vulcan Materials Company announced that they will report Q4, 2025 results Pre-Market on Feb 17, 2026 Tillkännagivande • Jan 06
Vulcan Materials Company (NYSE:VMC) acquired Burgmaster. Vulcan Materials Company (NYSE:VMC) acquired Burgmaster on January 6, 2026.
Vulcan Materials Company (NYSE:VMC) completed the acquisition of Burgmaster on January 6, 2026. Tillkännagivande • Dec 13
Vulcan Materials Company Announces Retirement of Stanley G. Bass as Chief Strategy Officer, Effective April 30, 2026 On December 10, 2025, Stanley G. Bass, Chief Strategy Officer of Vulcan Materials Company (“Vulcan”), notified Vulcan that he will retire from such position effective April 30, 2026. On December 12, 2025, upon the recommendation of the Compensation & Human Capital Committee of the Vulcan Board of Directors (the “Board”), the Board approved the proration of Mr. Bass’ current base salary through April 30, 2026. His short-term incentive opportunity and long-term incentive opportunity as a percentage of his base salary will remain unchanged for 2026. Tillkännagivande • Oct 28
CalPortland Company entered into an agreement to acquire Ready-Mixed Concrete Business Assets from Vulcan Materials Company (NYSE:VMC) for approximately $710 million. CalPortland Company entered into an agreement to acquire Ready-Mixed Concrete Business Assets from Vulcan Materials Company (NYSE:VMC) for approximately $710 million on October 28, 2025.
The assets reported the total revenue of $524.11 million in 2024. The transaction is subject to clearance from relevant authorities and other closing conditions, and is expected to close by December 2025. Tillkännagivande • Oct 12
Vulcan Materials Company Declares Quarterly Dividend on Common Stock, Payable on November 25, 2025 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be payable on November 25, 2025, to shareholders of record at the close of business on November 10, 2025. Tillkännagivande • Oct 09
Vulcan Materials Company to Report Q3, 2025 Results on Oct 30, 2025 Vulcan Materials Company announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Tillkännagivande • Jul 18
Vulcan Materials Company to Report Q2, 2025 Results on Jul 31, 2025 Vulcan Materials Company announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Tillkännagivande • Jul 12
Vulcan Materials Company Declares Quarterly Dividend on Common Stock, Payable on September 3, 2025 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be payable on September 3, 2025, to shareholders of record at the close of business on August 14, 2025. Tillkännagivande • May 10
Vulcan Materials Company Declares Quarterly Dividend on Common Stock, Payable on June 6, 2025 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 23, 2025. Tillkännagivande • Apr 30
Vulcan Materials Company Provides Earnings Guidance for the Year 2025 Vulcan Materials Company provided earnings guidance for the year 2025. For the year, the company expects net earnings attributable to the company of $1,090 million (Mid-point). Tillkännagivande • Apr 10
Vulcan Materials Company to Report Q1, 2025 Results on Apr 30, 2025 Vulcan Materials Company announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Tillkännagivande • Mar 26
Vulcan Materials Company, Annual General Meeting, May 09, 2025 Vulcan Materials Company, Annual General Meeting, May 09, 2025. Tillkännagivande • Feb 15
Vulcan Materials Company Declares Quarterly Dividend, Payable on March 24, 2025 The board of directors of Vulcan Materials Company declared a quarterly cash dividend of $0.49 cents per share on its common stock. The dividend will be payable on March 24, 2025, to the shareholders of record at the close of business on March 10, 2025. The new quarterly dividend represents an increase of 7% from $0.46 to $0.49 per share. Tillkännagivande • Jan 14
Vulcan Materials Company to Report Q4, 2024 Results on Feb 18, 2025 Vulcan Materials Company announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 18, 2025 Tillkännagivande • Dec 11
Vulcan Materials Company (NYSE:VMC) entered into a definitive agreement to acquire Superior Ready Mix Concrete L.P. Vulcan Materials Company (NYSE:VMC) entered into a definitive agreement to acquire Superior Ready Mix Concrete L.P. on December 11, 2024. The transaction is expected to close by the end of this year, subject to customary closing conditions. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$1.58 (vs US$2.10 in 3Q 2023) Third quarter 2024 results: EPS: US$1.58 (down from US$2.10 in 3Q 2023). Revenue: US$2.00b (down 8.3% from 3Q 2023). Net income: US$208.9m (down 25% from 3Q 2023). Profit margin: 10% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Declared Dividend • Oct 21
Second quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 4th November 2024 Payment date: 27th November 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 12
Vulcan Materials Company Declares Quarterly Cash Dividend on Common Stock, Payable on November 27, 2024 The board of directors of Vulcan Materials Company declared a quarterly cash dividend of $0.46 cents per share on its common stock. The dividend will be payable on November 27, 2024, to the shareholders of record at the close of business on November 4, 2024. Tillkännagivande • Oct 10
Vulcan Materials Company to Report Q3, 2024 Results on Oct 30, 2024 Vulcan Materials Company announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Tillkännagivande • Sep 28
Vulcan Materials Company (NYSE:VMC) entered into definitive agreement to acquire Wake Stone Corporation. Vulcan Materials Company (NYSE:VMC) entered into a definitive agreement to acquire Wake Stone Corporation on September 26, 2024.
The transaction is expected to close later this year, subject to satisfaction of customary closing conditions. Recent Insider Transactions • Aug 15
CEO & Chairman recently sold €8.0m worth of stock On the 9th of August, James Hill sold around 36k shares on-market at roughly €224 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 04 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$2.34 (vs US$2.35 in 2Q 2023) Second quarter 2024 results: EPS: US$2.34 (down from US$2.35 in 2Q 2023). Revenue: US$2.01b (down 4.7% from 2Q 2023). Net income: US$310.0m (flat on 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Declared Dividend • Jul 22
First quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 15th August 2024 Payment date: 4th September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 25%. Cash payout ratio: 37%. Tillkännagivande • Jul 20
Vulcan Materials Company to Report Q2, 2024 Results on Aug 06, 2024 Vulcan Materials Company announced that they will report Q2, 2024 results Pre-Market on Aug 06, 2024 Tillkännagivande • Jul 13
Vulcan Materials Company Declares Quarterly Cash Dividend on Common Stock, Payable on September 4, 2024 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.46 cents per share on its common stock. The dividend will be payable on September 4, 2024, to shareholders of record at the close of business on August 15, 2024. Declared Dividend • May 20
First quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 23rd May 2024 Payment date: 7th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 47% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • May 16
President recently sold €3.8m worth of stock On the 13th of May, Thompson Baker sold around 15k shares on-market at roughly €253 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thompson's only on-market trade for the last 12 months. Tillkännagivande • May 11
Vulcan Materials Company Declares Quarterly Cash Dividend on Common Stock, Payable on June 7, 2024 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.46 cents per share on its common stock. The dividend will be payable on June 7, 2024, to shareholders of record at the close of business on May 24, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.79 (vs US$0.92 in 1Q 2023) First quarter 2024 results: EPS: US$0.79 (down from US$0.92 in 1Q 2023). Revenue: US$1.55b (down 6.3% from 1Q 2023). Net income: US$104.4m (down 15% from 1Q 2023). Profit margin: 6.8% (down from 7.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Tillkännagivande • Apr 11
Vulcan Materials Company to Report Q1, 2024 Results on May 02, 2024 Vulcan Materials Company announced that they will report Q1, 2024 results Pre-Market on May 02, 2024 Tillkännagivande • Mar 26
Vulcan Materials Company, Annual General Meeting, May 10, 2024 Vulcan Materials Company, Annual General Meeting, May 10, 2024, at 09:00 Central Standard Time. Agenda: To consider the election of Directors; to consider the compensation of Named Executive Officers; to consider the ratification of Appointment of Independent Registered Public Accounting Firm; and to consider the other matters. Recent Insider Transactions • Feb 25
Chief Strategy Officer recently sold €1.5m worth of stock On the 22nd of February, Stanley Bass sold around 7k shares on-market at roughly €234 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 01 March 2024. Payment date: 18 March 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (3.4%). Declared Dividend • Feb 18
Fourth quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 1st March 2024 Payment date: 18th March 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 24%. Cash payout ratio: 34%. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: US$7.10 (vs US$4.47 in FY 2022) Full year 2023 results: EPS: US$7.10 (up from US$4.47 in FY 2022). Revenue: US$7.78b (up 6.4% from FY 2022). Net income: US$944.0m (up 59% from FY 2022). Profit margin: 12% (up from 8.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 10
Vulcan Materials Company Declares a Quarterly Cash Dividend, Payable on March 18, 2024 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on March 18, 2024, to shareholders of record at the close of business on March 4, 2024. The new quarterly dividend represents an increase of 7% from $0.43 to $0.46 per share. Tillkännagivande • Jan 23
Vulcan Materials Company to Report Q4, 2023 Results on Feb 16, 2024 Vulcan Materials Company announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 16, 2024 Upcoming Dividend • Nov 03
Upcoming dividend of US$0.43 per share at 0.8% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.2%). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$2.10 (vs US$1.34 in 3Q 2022) Third quarter 2023 results: EPS: US$2.10 (up from US$1.34 in 3Q 2022). Revenue: US$2.19b (up 4.7% from 3Q 2022). Net income: US$279.3m (up 57% from 3Q 2022). Profit margin: 13% (up from 8.5% in 3Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 14
Vulcan Materials Company Declares Quarterly Cash Dividend, Payable on November 29, 2023 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.43 cents per share on its common stock. The dividend will be payable on November 29, 2023, to shareholders of record at the close of business on November 13, 2023. Tillkännagivande • Oct 06
Vulcan Materials Company to Report Q3, 2023 Results on Oct 26, 2023 Vulcan Materials Company announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023 Tillkännagivande • Sep 21
Vulcan Materials Company Announces Senior Leadership Changes Vulcan Materials Company announced the appointment of Thompson S. (Tom) Baker II (65), previously Vulcan’s Chief Operating Officer, to the position of President. In this role, Mr. Baker will continue to lead enterprise-wide strategic initiatives and support and advise the Company’s Senior Leadership Team. Mr. Baker will continue to report to Tom Hill, Chairman and CEO. Ronnie A. Pruitt (53), previously Senior Vice President of Vulcan's Southwest and Western Divisions, has been promoted to the position of Chief Operating Officer (COO). In his new role, Mr. Pruitt will be responsible for driving profitability in all product lines, continuous improvement through the Vulcan Way of Selling and Vulcan Way of Operating, and continued growth and expansion for the Company. Mr. Pruitt will report to Mr. Hill. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.43 per share at 0.8% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Tillkännagivande • Aug 04
Vulcan Materials Company Provides Earnings Guidance for the Full Year 2023 Vulcan Materials Company provided earnings guidance for the full year 2023. For the year, the company expects Net earnings attributable to the company to be between $855 and $935 million. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$2.35 (vs US$1.51 in 2Q 2022) Second quarter 2023 results: EPS: US$2.35 (up from US$1.51 in 2Q 2022). Revenue: US$2.11b (up 8.1% from 2Q 2022). Net income: US$312.3m (up 56% from 2Q 2022). Profit margin: 15% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 15
Vulcan Materials Company Declares Quarterly Cash Dividend on Common Stock, Payable on September 6, 2023 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.43 cents per share on its common stock. The dividend will be payable on September 6, 2023, to shareholders of record at the close of business on August 17, 2023. Tillkännagivande • Jul 08
Vulcan Materials Company to Report Q2, 2023 Results on Aug 03, 2023 Vulcan Materials Company announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 03, 2023 Tillkännagivande • May 13
Vulcan Materials Company Declares Quarterly Cash Dividend on Common Stock, Payable on June 9, 2023 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.43 cents per share on its common stock. The dividend will be payable on June 9, 2023, to shareholders of record at the close of business on May 26, 2023. Recent Insider Transactions • May 13
Insider recently sold €429k worth of stock On the 11th of May, David Clement sold around 2k shares on-market at roughly €179 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Tillkännagivande • May 05
Vulcan Materials Company Provides Earnings Guidance for the Year 2023 Vulcan Materials Company provided earnings guidance for the year 2023. For the year, the company expects net earnings attributable to the company to be between $815 and $895 million. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.92 (vs US$0.70 in 1Q 2022) First quarter 2023 results: EPS: US$0.92 (up from US$0.70 in 1Q 2022). Revenue: US$1.65b (up 7.0% from 1Q 2022). Net income: US$122.8m (up 31% from 1Q 2022). Profit margin: 7.4% (up from 6.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Lydia Kennard was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be €190, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Upcoming Dividend • Feb 24
Upcoming dividend of US$0.43 per share at 0.9% yield Eligible shareholders must have bought the stock before 03 March 2023. Payment date: 20 March 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$4.47 (vs US$5.08 in FY 2021) Full year 2022 results: EPS: US$4.47 (down from US$5.08 in FY 2021). Revenue: US$7.32b (up 32% from FY 2021). Net income: US$594.2m (down 12% from FY 2021). Profit margin: 8.1% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 17
Vulcan Materials Company Provides Earnings Guidance for the Year 2023 Vulcan Materials Company provided earnings guidance for the year 2023. For the year, the company expects net earnings attributable to the company to be between $715 million to $835 million. Tillkännagivande • Feb 11
Vulcan Materials Company Declares Quarterly Cash Dividend, Payable on March 20, 2023 The Board of Directors of Vulcan Materials Company declared a quarterly cash dividend of $0.43 per share on its common stock. The dividend will be payable on March 20, 2023, to shareholders of record at the close of business on March 6, 2023. The new quarterly dividend represents an increase of 7.5% from $0.40 to $0.43 per share. Tillkännagivande • Jan 27
Vulcan Materials Company to Report Q4, 2022 Results on Feb 16, 2023 Vulcan Materials Company announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 16, 2023 Buying Opportunity • Dec 31
Now 20% undervalued Over the last 90 days, the stock is up 1.3%. The fair value is estimated to be €204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Recent Insider Transactions • Dec 09
Insider recently sold €343k worth of stock On the 5th of December, David Clement sold around 2k shares on-market at roughly €171 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €745k more than they bought in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.34 (vs US$1.33 in 3Q 2021) Third quarter 2022 results: EPS: US$1.34 (up from US$1.33 in 3Q 2021). Revenue: US$2.09b (up 38% from 3Q 2021). Net income: US$178.3m (flat on 3Q 2021). Profit margin: 8.5% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Sep 01
Now 21% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be €209, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (4.0%). Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: US$1.51 (vs US$1.48 in 2Q 2021) Second quarter 2022 results: EPS: US$1.51 (up from US$1.48 in 2Q 2021). Revenue: US$1.95b (up 44% from 2Q 2021). Net income: US$200.4m (up 1.8% from 2Q 2021). Profit margin: 10% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 4.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$0.70 (vs US$1.22 in 1Q 2021) First quarter 2022 results: EPS: US$0.70 (down from US$1.22 in 1Q 2021). Revenue: US$1.54b (up 44% from 1Q 2021). Net income: US$93.6m (down 42% from 1Q 2021). Profit margin: 6.1% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 14 March 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.08 (up from US$4.44 in FY 2020). Revenue: US$5.55b (up 14% from FY 2020). Net income: US$674.1m (up 15% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 24%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Nov 23
Insider recently sold €98k worth of stock On the 18th of November, Jason Teter sold around 549 shares on-market at roughly €178 per share. In the last 3 months, there was an even bigger sale from another insider worth €15m. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 15 November 2021. Payment date: 02 December 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.0%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.33 (vs US$1.52 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$1.52b (up 16% from 3Q 2020). Net income: US$177.1m (down 12% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 28
Senior Vice President of Central recently sold €583k worth of stock On the 24th of August, David Clement sold around 4k shares on-market at roughly €157 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 03 September 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$1.48 (vs US$1.59 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$1.36b (up 2.9% from 2Q 2020). Net income: US$196.8m (down 6.7% from 2Q 2020). Profit margin: 14% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 05
First quarter 2021 earnings released: EPS US$1.22 (vs US$0.45 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.07b (up 1.8% from 1Q 2020). Net income: US$161.7m (up 170% from 1Q 2020). Profit margin: 15% (up from 5.7% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: €140 The company is up 17% from its price of €120 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €202 per share. Reported Earnings • Feb 18
Full year 2020 earnings released: EPS US$4.44 (vs US$4.71 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$4.86b (down 1.5% from FY 2019). Net income: US$588.0m (down 5.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 2.8%, compared to a 4.0% growth forecast for the Basic Materials industry in Germany. Is New 90 Day High Low • Jan 08
New 90-day high: €132 The company is up 2.0% from its price of €129 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €114 per share. Upcoming Dividend • Nov 10
Upcoming Dividend of US$0.34 Per Share Will be paid on the 3rd of December to those who are registered shareholders by the 16th of November. The trailing yield of 1.0% is below the top quartile of German dividend payers (3.8%), and is lower than industry peers (3.0%). Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$1.52 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$1.31b (down 7.7% from 3Q 2019). Net income: US$201.1m (down 7.8% from 3Q 2019). Profit margin: 15% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 1.8%, compared to a 1.7% growth forecast for the Basic Materials industry in Germany. Is New 90 Day High Low • Sep 30
New 90-day high: €114 The company is up 9.0% from its price of €105 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €133 per share. Tillkännagivande • Jul 10
Vulcan Materials Company to Report Q2, 2020 Results on Aug 04, 2020 Vulcan Materials Company announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Aug 04, 2020 
