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Logo NEWS RELEASE Vulcan Reports Second Quarter 2021 Results 8/4/2021 Aggregates Margin Continues to Expand Strong Execution and Positive Demand Environment Support Full Year Outlook BIRMINGHAM , Ala . , Aug. 4 , 2021 / PRNewswire / -- Vulcan Materials Company ( NYSE : VMC ) , the nation's largest producer of construction aggregates , today announced results for the quarter ended June 30 , 2021 . Second Quarter Financial and Operating Highlights : • Net earnings were $ 195 million , or $ 1.46 per diluted share • Net earnings include $ 0.10 per diluted share related to financing costs associated with the proposed acquisition of U.S. Concrete and other non - routine charges excluded from Adjusted EBITDA • Second quarter Adjusted EBITDA was $ 406 million • Aggregates gross profit increased $ 23 million , or 6 percent , to $ 374 million • Non - aggregates gross profit declined $ 21 million to $ 25 million • Announced U.S. Concrete acquisition , which is expected to close in the second half of 2021 Reiterate full - year 2021 Adjusted EBITDA guidance between $ 1.380 to $ 1.460 billion ( excluding the gain from a land sale completed in the first quarter and the U.S. Concrete acquisition announced June 7 , 2021 ) Tom Hill , Chairman and Chief Executive Officer , said , " Our performance in the first half of 2021 has been supported by consistent execution on Vulcan's four strategic disciplines . Our team's efforts have allowed us to expand our aggregates gross profit margin by 150 basis points and increase our cash gross profit per ton by 5 percent . Despite energy inflation and disruptive weather in the second quarter , aggregates gross profit margin improved 40 basis points , and cash gross profit grew by 2 percent to $ 7.83 per ton . Across our business , energy inflation reduced earnings by $ 25 million in the quarter , $ 15 million due to diesel and $ 10 million due to liquid asphalt . Lower non aggregates earnings dampened an otherwise strong performance . " Mr. Hill continued , " We expect to carry forward the progress we have made through the first half of 2021 and will continue to diligently navigate the changing macro environment . Recent pricing actions across much of our footprint and a keen focus on improving operating efficiencies will continue to help offset spikes in certain input costs . The flexibility of our operating plans will enable us to maintain a high level of performance during the second half of the year and achieve our full - year 2021 targets . We remain excited and focused on closing the proposed acquisition of U.S. Concrete , which will expand Vulcan's footprint in attractive geographies and accelerate our growth strategy . " Highlights as of June 30 , 2021 include : Amounts in millions , except per unit data Total revenues Second Quarter 2021 2020 $ 1,361.0 $ 1,322.6 Year - to - Date 2021 $ 2,429.4 2020 $ 2,371.8 Trailing - Twelve - Months 2021 $ 4,914.4 2020 $ 4,976.7 1