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August 01, 2015 8:33 PM ET

Construction Materials

Company Overview of Vulcan Materials Company

Company Overview

Vulcan Materials Company produces and sells construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt Mix, Concrete, and Calcium. The Aggregates segment offers crushed stone, sand and gravel, sand, and other aggregates, as well as related products and services. This segment’s aggregates are used in public- and private-sector construction projects, such as highways, airports, water and sewer systems, industrial manufacturing facilities, and residential and nonresidential buildings, as well as railroad track ballast. The Asphalt Mix segment offers asphalt mix in Arizona, California, and Texas. The Concr...

1200 Urban Center Drive

Birmingham, AL 35242

United States

Founded in 1909

6,941 Employees

Phone:

205-298-3000

Key Executives for Vulcan Materials Company

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $668.9K
Chief Financial & Strategy Officer and Executive Vice President
Age: 47
Total Annual Compensation: $598.8K
Senior Vice President of Western Division & Mountain West Divisions
Age: 54
Total Annual Compensation: $545.1K
Senior Vice President and General Counsel
Age: 55
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

Vulcan Materials Company Key Developments

Vulcan Materials Company Declares Quarterly Cash Dividend, Payable on September 10, 2015

The Board of Directors of Vulcan Materials Company declared quarterly cash dividend of ten cents per share on its common stock. The dividend will be payable on September 10, 2015, to shareholders of record at the close of business on August 25, 2015.

Vulcan Materials Company Enters into New Credit Agreement with the Several Banks

On June 19, 2015, Vulcan Materials Company entered into a new credit agreement with SunTrust Bank, as administrative agent, and the several banks from time to time parties thereto as lenders that provides a five-year $750 million unsecured revolving credit facility. The Credit Facility is guaranteed by significant subsidiaries. Proceeds of the Credit Facility will be used for general corporate purposes. The Credit Agreement contains general, informational and negative covenants and events of default customary for unsecured credit facilities. The primary non-financial covenants are limitations on secured indebtedness, acquisitions, investments and divestitures. The borrowing capacity under the Credit Facility, and total debt, will be limited by two standard financial covenants: debt to EBITDA maximum ratio of 3.5:1 through September 2016, and 3.25:1 thereafter and EBITDA to interest expense ratio minimum of 3.0:1. Loans under the Credit Facility bear interest at a rate equal to the Eurodollar Rate, or the Base Rate plus a credit spread. The credit spread is based upon either debt to EBITDA ratio or credit ratings, whichever results in a lower credit spread.

Vulcan Materials Company Declares Quarterly Cash Dividend, Payable on June 10, 2015

The board of directors of Vulcan Materials Company declared a quarterly cash dividend of 10 cents per share on its common stock. The dividend will be payable on June 10, 2015, to shareholders of record at the close of business on May 26, 2015.

Similar Private Companies By Industry

Company Name Region
Dobson Contractors, Inc. United States
Tri County Materials, Inc. United States
Cold Spring Granite Company United States
Central Supply Co. of West Virginia United States
Chaney Enterprises, LP United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
March 7, 2015
Esco Marine Inc.
Merger/Acquisition
September 30, 2014
Five Aggregates Facilities, Associated Downstream Assets And Aggregates Operation in Delaware
Merger/Acquisition
August 18, 2014
Martin Marietta Materials Inc., One Quarry in Oklahoma and Two Rail Yards in Dallas, Texas
 

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