Analyst from D.A. Davidson & Co.'s questions to Vulcan Materials Co (VMC) leadership • Q3 2024
Question
An analyst from D.A. Davidson & Co. asked if Vulcan could see an acceleration in infrastructure-related volumes in 2025, given that many projects are now getting underway.
Answer
Chairman and CEO James Hill expressed confidence in steady, multi-year growth from the public sector. He noted that funding from the IIJA and state-level initiatives is now flowing into highway projects. He highlighted that six of Vulcan's largest states, including California and Florida, are at record funding levels, which will support demand through 2025 and for the next several years. Non-highway infrastructure is also performing slightly better than expected.