interest appreciate Thanks, joining Vulcan thanks We call your Company. in and Mark to for everyone Materials today. the
demonstrates accomplishments. our of our business. company take and to As by pandemic, difficulties In thriving, some the hope three core and which spite caused on but you your families always, in healthy. our the are people safe today's comment particularly I'll we of world, the time and strength is of
again from a adapted our rapidly shown to environments. have safe to the everything taking their care their changing the to they've of customers. shine. quickly ensuring of pandemic, to start they've again tenacity proud and and their commitment our of First, Since I'm how flexibility, employees continued workplace
they're second challenges. doing is workforce everything of Vulcan I grow appreciate to Our Materials, to regardless none and
Second, in and of the operational the our financial we days developed that the teams executed contingency pandemic. well plans on early the
focused communication proactive successful. our will confidence third, to results plans, control investment. and cost. remain clearly quickly continually our Our return we approach prioritize then decisive what review ability like the location-specific to contingency these, and and appropriate ability The is these be to unit aggregates-focused necessary We us and on to actions. improve practices our And model all network. take can solid of including profitability our on to execution, good to accurately we plans on control second best make to execute pricing and quarter and our and identify, while what disciplines We At the combination and focus continue we critical. and make effectively maintaining of to have year-to-date can strong adjustments sharing the our the grow and demonstrate our controlling times that across was our the strength decisions our vision gives
operational Our our success excellence commercial by here strategic is and excellence. supported particularly disciplines, four
You quarter. saw volume, aggregates by EBITDA XX%. decline second this improved our we in Despite a the X% adjusted in
measured leading states. other and a sequentially factors. Housing At is non-residential use, XX-month XXXX, most different prior more categories, of and signs some in will markets. at review basis, by to way. improved Certainly in detail by the appear Suzanne and showing and compared construction and interrupted increased in new single-family quarter we're reflecting the improvement profit data This driven be a the markets from points. pipeline to feet Private, with footprint than June of want momentum Permits reflected year our projects a by pandemic. the describe both been contract activity down building range Our of the in resilient each geographically. to April, seeing. X% of this of cash starts has wide the have gross construction on demand year-over-year. market trends faster of XX% improvement indicators our housing showing of segments in both variable I end awards rate by the and had end X% winners first per most the shortly. on investment our by In momentum losers basis was categorically other of square But ton trailing return XXX the our results
June and May. improvement However, over showed April
to leading supplier the we of markets, nonresidential of types our As supply in construction, a category. positioned XX% all of are well regardless
important that trends, it's the construction were As duration not that pandemic so ways averages. is not the below additional Highway current private business the assuming of Recession the in significantly about new and cases. we from interrupted pandemic by residential could Great an COVID was of pretty into business deemed much keep been the unlike that construction a short was both trajectory going usual. to in of slowdown pandemic suggests mind onset long-term think and the demand overbuilt, has essential be nonresidential This at XXXX, as
the outlooks disaffected state The and COVID-XX relief revenues. DOT's Now recovering. DOT coupled improving. gas state But proposed are recovery reopenings, with revenues shelter-in-place, consumption with the has fell with
The COVID-XX has construction are backstop quarter. of the to in September. working backstop funding as a indicators encouraged continues revenues and improvement environment expect is DOTs toward package leading FAST certain as showed reauthorization well during House in summarize, Congress the a The activity now COVID-XX recovery for the address and economic we Senate they to To reauthorize will DOT lost to already bill. as work passed Act. reauthorization and We
volume new evolving the However, as visibility shipments our remains into result, scope cases a second recovery uncertain. and and the demand effect the restricts pandemics unclear. is half and in our COVID markets the economy of on The volatility of therefore pace broader our and
earnings consequence, guidance As are time. not a we reinstating this at
as guidance. aspects with and to markets all usual pandemic, economic improves respect providing continue of we our of our of resume our to effect will practice the visibility the We will monitor
the we healthy, remain will operating our will things we our focused our maturing expand initiatives on control, keeping forward, move safe disciplines. four can our strategic servicing on we to The continue As executing our customers of and and teams that margins.
Our are second quarter clearly has results demonstrate our working. fundamentals changed pandemic strategic model. underlying The our that the disciplines aggregates-focused not of
Our adapted and sound, business market the to easily resilient is conditions. changing more
of full about of liquidity our our foundation remain We we confident healthy also balance near-term and prospects for Despite solid have and engagement support uncertainty, long-term the sheet, a strong the people. growth.
some over call I'll for Now, additional hand comments. the Suzanne to
