Vulcan Materials Company (VMC) CEO Tom Hill on Q2 2022 Results - Earnings Call Transcript

Vulcan Materials Company (NYSE:VMC) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET

Company Participants

Mark Warren - VP, IR

Tom Hill - Chairman and CEO

Suzanne Wood - SVP and CFO

Mary Andrews Carlisle - VP, Finance

Conference Call Participants

Stanley Elliott - Stifel

Trey Grooms - Stephens

Garik Shmois - Loop Capital

Anthony Pettinari - Citi

Jerry Revich - Goldman Sachs

Brian Biros - Thompson Research Group

Chris Kalata - RBC Capital Markets

Michael Feniger - Bank of America

David MacGregor - Longbow Research

Adam Thalhimer - Thompson Davis

Michael Dudas - Vertical Research

Collin Verron - Jefferies

Jean Ramirez - D.A. Davidson

Operator

Good morning, ladies and gentlemen, and welcome to the Vulcan Materials Company's Second Quarter Earnings Call. My name is Katie, and I will be your conference coordinator today. [Operator Instructions]

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

Good morning and thank you for your interest in Vulcan Materials. With me today are Tom Hill, Chairman and CEO; Suzanne Wood, Senior Vice President and Chief Financial Officer; and Mary Andrews Carlisle, Vice President of Finance.

Today's call is accompanied by a press release and a supplemental presentation posted to our website, vulcanmaterials.com. A recording of this call will be available for replay later today at our website.

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 any non-GAAP financial measures are defined and reconciled in our earnings release, our supplemental presentation and other SEC filings.

As the operator indicated, please limit your Q&A participation to one question. With that, I will now turn the call over to Tom.

Tom Hill

Thank you, Mark, and thanks to everyone for joining the call this morning. We appreciate your interest in Vulcan Materials Company. Our teams delivered another solid performance in a challenging macro environment. The resilient nature of our aggregates-led business actually stands out in times like these. We've grown our cash gross profit per ton in 15 of the last 16 quarters and expanded our trailing 12-month unit profitability at a compounded annual growth rate of 5.5% over that 4-year period.