Vulcan Materials Company (NYSE:VMC) Q4 2023 Earnings Call Transcript

Mary Andrews Carlisle: Yeah, and in terms of ready mix, we completed the divestiture of the Texas Concrete in mid-November and had disclosed that was about 4 million cubic yards annually. So that that puts us in 2023 at about 4 million cubic yards on a same-store basis. We would expect those volumes to decline modestly and our 2024 outlook of the those cash gross profit dollars being 30% of that 275 kind of as I said consistent from a gross margin percentage standpoint with 2023 that, expansion from a cash gross profit percentage standpoint and not business where we’re focused on continuing to improve that margin performance over time for the retained assets that we have which we believe are very attractive and well-structured ready mix markets.

Brent Stillman: Okay. Thank you.

Tom Hill: Thank you.

Operator: We have no further questions at this time. I’ll turn the call back over to Tom for any closing remarks.

Tom Hill: Thank you for your time this morning. We appreciate your interest in Vulcan Materials Company. We look forward to talk to you throughout the quarter. Please keep yourselves and your family safe. Thank you.

Operator: This concludes today’s conference. Thank you for your participation. And you may now disconnect.