Vulcan Materials Company (NYSE:VMC) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET
Company Participants
Mark Warren - VP, IR
Tom Hill - Chairman and CEO
Mary Andrews Carlisle - SVP and CFO
Conference Call Participants
Trey Grooms - Stephens
Tyler Brown - Raymond James
Garik Shmois - Loop Capital
Anthony Pettinari - Citigroup
Stanley Elliott - Stifel
Kathryn Thompson - Thompson Research Group
Jerry Revich - Goldman Sachs
Mike Dahl - RBC Capital Markets
Timna Tanners - Wolfe Research
Philip Ng - Jefferies
Keith Hughes - Truist
Michael Dudas - Vertical Research
David MacGregor - Longbow Research
Michael Feniger - Bank of America
Rohit Seth - Seaport Research Partners
Operator
Good morning. Welcome, everyone, to the Vulcan Materials Company Third Quarter 2023 Earnings Call. My name is Angela, and I will be your conference call coordinator today. [Operator Instructions] After the company's prepared remarks, there will be a question-and-answer session.
Now, I will turn the call over to your host, Mr. Mark Warren, Vice President of Investor Relations for Vulcan Materials. Mr. Warren, you may begin.
Mark Warren
Thank you, operator, and good morning, everyone. With me today are Tom Hill, Chairman and CEO; and Mary Andrews Carlisle, Senior Vice President and Chief Financial Officer. Today's call is accompanied by a press release and a supplemental presentation posted to our website, vulcanmaterials.com.
Please be reminded that today's discussion may include forward-looking statements, which are subject to risks and uncertainties. These risks, along with other legal disclaimers, are described in detail in the company's earnings release and in other filings with the Securities and Exchange Commission. Reconciliations of non-GAAP financial measures are defined and reconciled in our earnings release, our supplemental presentation, and other SEC filings. During the Q&A, we ask that you limit your participation to one question. This will allow us to accommodate as many as possible during the time we have available.
And with that, I'll turn the call over to Tom.
Tom Hill
Thank you, Mark, and thank all of you for joining our call this morning.
In September, we officially surpassed our prior goal of $9 per ton cash gross profit on a trailing 12-month basis, and that was before reaching the 230 million tons on a same-store basis and despite macro challenges over the past four years that none of us likely anticipated back in the fall of 2019 when we initially set that target. This accomplishment perfectly demonstrates the durability of our aggregates-led business, and I'm really proud of how our teams continue to execute at a high level.