Filing Flows › Vulcan Materials (VMC) › Q1 2025
Vulcan Materials (VMC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Vulcan Materials (VMC) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -12% from the quarter before. Operating margin was 13.9%, net earnings $129M (7.9% of revenue).
Vulcan Materials, Q1 2025: revenue $1.6B (+6% year over year), operating margin 13.9%, net earnings $129M, operating cash flow $252M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -12% | +6% |
| Gross profit | $365M | -32% | +20% |
| Operating profit | $226M | -44% | +31% |
| Net earnings | $129M | -56% | +26% |
| Operating cash flow | $252M | -43% | +45% |
| Free cash flow | $83.5M | -70% | +305% |
What changed
Revenue was $1.6B in Q1 2025, up 6% year over year and down 12% from the previous quarter. Aggregates was the largest line at 76% of revenue. Aggregates added $0.04B year over year (up 3%), 42% of the total change.
Gross margin was 22.3%, up 2.6 points from a year earlier. Operating profit was $0.23B, a 13.9% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 11% margin then. Operating expenses grew 5% against revenue growth of 6%. Net earnings were $0.13B, up 26% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.25B (up 45% year over year), 194% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.17B left free cash flow of $0.08B.
Questions
What was Vulcan Materials' revenue in the first quarter 2025?
Vulcan Materials (VMC) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -12% from the quarter before.
Was Vulcan Materials profitable in the first quarter 2025?
Operating profit was $226M (13.9% of revenue) and net earnings $129M.
Source: Vulcan Materials 10-Q on SEC EDGAR.