Vulcan Materials Q4 Profit Rises - Quick Facts

(RTTNews) - Vulcan Materials Co. (VMC), a producer of construction aggregates, Thursday reported fourth-quarter net earnings of $9.08 million or $0.07 per share, higher than $3.48 million or $0.03 per share in the previous year.

Net sales for the quarter grew 14% to $652.88 million from $574.89 million a year ago.

The company noted that its shipments increased 7%, and pricing was up 3.5% from last year.

Don James, Chairman and Chief Executive Officer said, "Demand for our products continues to benefit from a recovery in private construction activity, particularly residential construction. As a result, each of our operating segments reported earnings improvement in the fourth quarter."

The firm anticipates increasing its capital spending in 2014 to about $220 million.