Company Summary
Based in Birmingham, AL, Vulcan Materials Company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico. As of Dec 31, 2023, it had 404 active aggregates facilities, 71 asphalt facilities, 142 concrete facilities and one calcium facility.
The company has four operating segments going by the principal product lines: Aggregates, Concrete, Asphalt mix and Calcium.
Aggregates (69.1% of 2023 total revenues): The segment produces and sells aggregates like crushed stone, sand and gravel and other aggregates. The segment mainly focuses on the U.S. markets. The end uses of Vulcan’s aggregates include public construction (such as highways, walkways, airport runways, parking lots and railroads) as well as private residential (single-family houses, duplexes, apartment buildings and condominiums) and private non-residential (manufacturing, retail, offices, industrial and institutional) construction. Aggregates inter-segment sales accounted for 6.8% of its total revenues.
Asphalt Mix (14.7%): The Asphalt Mix segment produces and sells asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee and Texas. Aggregates are a significant component in the asphalt mix, comprising approximately 95% of the weight of this product.
Concrete (16.1%): The Concrete segment deals with the production and sale of ready-mix concrete in California, Maryland, New Jersey, New York, Oklahoma, Pennsylvania, Texas, Virginia, the U.S. Virgin Islands, and Washington DC. This segment functions as a customer of the Aggregates segment, as aggregates are a major component in ready-mix concrete (comprising nearly 80% of the weight of this product).
Calcium (0.1%): The Calcium segment is composed of a single operation in Brooksville, FL. This facility produces calcium products for the animal feed, plastics and water treatment industries with high-quality calcium carbonate material mined at the Brooksville quarry.