BIRMINGHAM, Ala., Sept. 28,
2022 /PRNewswire/ -- Vulcan Materials Company (NYSE:
), the nation's largest producer of construction aggregates, will
outline its strategy for delivering continued growth and further
expanding its industry-leading profitability at its 2022 Investor
Day event today in New York City.
Details about the event, including instructions for the
webcast, are provided below.
Tom Hill, Vulcan's Chairman,
President and Chief Executive Officer, stated, "Our proven business
model, strong execution, and leading market positions drive
enhanced profitability and position us to continue to deliver
growth and value for investors well into the future. We are
excited to outline our plans for investors today."
Key themes to be discussed include Vulcan's:
- Durable business model that performs through the cycle and
sustains growth by harnessing innovation, enhancing operational
execution, and recruiting and retaining talent, while also
expanding the core business through disciplined growth
opportunities
- Clear competitive advantages as the industry leader that
is strategically positioned in the most attractive markets and
poised to benefit from the robust outlook for public demand
- Strong cash flow generation with a disciplined capital
allocation strategy that drives long-term shareholder value
while maintaining an investment-grade balance sheet
Investors and other interested parties can watch the webcast of
the event, which will begin at 8:00 a.m.
ET today, at the Company's website,
www.vulcanmaterials.com. The event will be recorded and
available for replay approximately two hours after its
conclusion.
About Vulcan Materials Company
Vulcan Materials
Company, a member of the S&P 500 Index with headquarters in
Birmingham, Alabama, is the
nation's largest producer of construction aggregates – primarily
crushed stone, sand, and gravel – and a major producer of
aggregates-based construction materials, including asphalt mix and
ready-mixed concrete. For additional information about
Vulcan, go to www.vulcanmaterials.com.
FORWARD-LOOKING STATEMENT DISCLAIMER
This document
contains forward-looking statements. Statements that are not
historical fact, including statements about Vulcan's beliefs and
expectations, are forward-looking statements. Generally, these
statements relate to future financial performance, results of
operations, business plans or strategies, projected or anticipated
revenues, expenses, earnings (including EBITDA and other measures),
dividend policy, shipment volumes, pricing, levels of capital
expenditures, intended cost reductions and cost savings,
anticipated profit improvements and/or planned divestitures and
asset sales. These forward-looking statements are sometimes
identified by the use of terms and phrases such as "believe,"
"should," "would," "expect," "project," "estimate," "anticipate,"
"intend," "plan," "will," "can," "may" or similar expressions
elsewhere in this document. These statements are subject to
numerous risks, uncertainties, and assumptions, including but not
limited to general business conditions, competitive factors,
pricing, energy costs, and other risks and uncertainties discussed
in the reports Vulcan periodically files with the SEC.
Forward-looking statements are not guarantees of future
performance and actual results, developments, and business
decisions may vary significantly from those expressed in or implied
by the forward-looking statements. The following risks
related to Vulcan's business, among others, could cause actual
results to differ materially from those described in the
forward-looking statements: general economic and business
conditions; a pandemic, epidemic or other public health emergency,
such as the COVID-19 outbreak; Vulcan's dependence on the
construction industry, which is subject to economic cycles; the
timing and amount of federal, state and local funding for
infrastructure; changes in the level of spending for private
residential and private nonresidential construction; changes in
Vulcan's effective tax rate; the increasing reliance on information
technology infrastructure, including the risks that the
infrastructure does not work as intended, experiences technical
difficulties or is subjected to cyber-attacks; the impact of the
state of the global economy on Vulcan's businesses and financial
condition and access to capital markets; international business
operations and relationships, including recent actions taken by the
Mexican government with respect to Vulcan's property and operations
in that country; the highly competitive nature of the construction
industry; the impact of future regulatory or legislative actions,
including those relating to climate change, wetlands, greenhouse
gas emissions, the definition of minerals, tax policy or
international trade; the outcome of pending legal proceedings;
pricing of Vulcan's products; weather and other natural phenomena,
including the impact of climate change and availability of water;
availability and cost of trucks, railcars, barges and ships as well
as their licensed operators for transport of Vulcan's materials;
energy costs; costs of hydrocarbon-based raw materials; healthcare
costs; labor shortages and constraints; the amount of long-term
debt and interest expense incurred by Vulcan; changes in interest
rates; volatility in pension plan asset values and liabilities,
which may require cash contributions to the pension plans; the
impact of environmental cleanup costs and other liabilities
relating to existing and/or divested businesses; Vulcan's ability
to secure and permit aggregates reserves in strategically located
areas; Vulcan's ability to manage and successfully integrate
acquisitions; the effect of changes in tax laws, guidance and
interpretations; significant downturn in the construction industry
may result in the impairment of goodwill or long-lived assets;
changes in technologies, which could disrupt the way Vulcan does
business and how Vulcan's products are distributed; and other
assumptions, risks and uncertainties detailed from time to time in
the reports filed by Vulcan with the SEC. All forward-looking
statements in this communication are qualified in their entirety by
this cautionary statement. Vulcan disclaims and does not
undertake any obligation to update or revise any forward-looking
statement in this document except as required by law.
Investor Contact: Mark Warren (205) 298-3220
Media Contact: Janet Kavinoky
(205) 298-3220
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SOURCE Vulcan Materials Company