Exhibit 99.1 |
VULCAN MATERIALS REPORTS RECORD THIRD QUARTER RESULTS |
Birmingham, Alabama- October 27, 2005- Vulcan Materials Company (NYSE:VMC) today announced record net sales of $749 million and record net earnings of $122 million, or $1.17 per diluted share in the third quarter. These amounts represent a 15 percent increase in net sales and a 23 percent increase in net earnings from the prior year's levels. Earnings from continuing operations increased 39 percent to $128 million, or $1.23 per diluted share. Discontinued operations - comprised of the Company's former Chemicals business - reported a loss of $6 million, or $0.06 per diluted share in the quarter. |
TABLE A | ||||
Vulcan Materials Company and Subsidiary Companies | ||||
(Amounts in thousands, except per share data) | ||||
Consolidated Statements of Earnings | Three Months Ended | Nine Months Ended | ||
2005 | 2004 | 2005 | 2004 | |
Net sales | $749,367 | $649,309 | $1,934,116 | $1,665,906 |
TABLE B | |||
Vulcan Materials Company and Subsidiary Companies | (Amounts in thousands) | ||
Consolidated Balance Sheets | September 30 | December 31 | September 30 |
Assets |
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TABLE C | ||
Vulcan Materials Company and Subsidiary Companies | (Amounts in thousands) | |
2005 | 2004 | |
Operating Activities |
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TABLE D | |||
Notes to Condensed Consolidated Financial Statements | |||
| 2005 | 2004 |