Vulcan Materials Company (NYSE:VMC) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET

Company Participants

Mark Warren - Vice President of Investor Relations
Thomas Hill - Chairman and Chief Executive Officer
Mary Andrews Carlisle - Senior Vice President and Chief Financial Officer

Conference Call Participants

Stanley Elliott - Stifel, Nicolaus & Company, Inc.
Jonathan Bettenhausen - Truist Securities
Anthony Pettinari - Citigroup Global Markets
Kathryn Thompson - Thompson Research Group
Trey Grooms - Stephens Inc.
Jerry Revich - Goldman Sachs & Co.
Michael Dahl - RBC Capital Markets
Garik Shmois - Loop Capital Markets
David MacGregor - Longbow Research
Timna Tanners - Wolfe Research
Tyler Brown - Raymond James
Adam Thalhimer - Thompson Davis & Co
Philip Ng - Jefferies
Angel Castillo - Morgan Stanley
Michael Dudas - Vertical Research Partners

Operator

Good morning and welcome, everyone, to the Vulcan Materials Company First Quarter 2024 Earnings Call. My name is Jamie, and I will be your conference call coordinator today. Please be reminded that today's call is being recorded and will be available for replay later today at that company's website. All lines have been placed in a listen-only mode. After the company's prepared remarks, there will be a question-and-answer session.

Now, I will turn the call over to your host, 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 our time we have available.

And with that, I'll turn the call over to Tom.

Thomas Hill

Thank you, Mark, and thank all of you for joining our Vulcan Materials earnings call this morning. Our first quarter results moved us towards delivering on a fourth consecutive year of double-digit adjusted EBITDA growth. Although the weather was unusually cold and wet across many geographies for much of the quarter, our teams executed well and improved our Aggregates cash gross profit per ton by 10%. Their commitment to our Vulcan Way of Selling and Vulcan Way of Operating Disciplines is driving solid results.