Vulcan sets a new record

Lost in the SAFETEA-LU shuffle was the second-quarter report from Vulcan Materials. Vulcan announced record second-quarter net earnings of $122 million, or $1.17 per diluted share, as compared to $88 million, or $0.85 per diluted share in the same period of the prior year. Net sales increased 21 percent from the prior year’s level, while earnings from continuing operations before income taxes increased 32 percent. Commenting on the second quarter results and full-year outlook, Don James, Chairman and Chief Executive Officer said, “Our construction materials operations achieved excellent earnings growth and margin improvement due to strong volumes and pricing. Construction activity remains robust and demand for our products is strong. As a result, we are increasing our outlook for the full year.” More evidence of a vibrant aggregates market indeed. Your comment?