How did Vulcan Materials' revenue and expenses shift in Q4 2024?

Vulcan Materials Corporation (VMC) experienced a significant shift in its revenue and expenses in Q4 2024, reflecting strategic adjustments and operational changes within the company.

1. **Revenue Shift**:
- VMC's revenue was primarily driven by the Aggregates segment, which generated $5.95 billion. This was a notable contributor, indicating the continued importance of aggregates in Vulcan's business model.
- The Asphalt Mix segment contributed $1.25 billion, and the Concrete segment contributed $653.5 million and $489.9 million, respectively. These segments also played a substantial role in generating revenue.
- The company reported negative revenue within the Aggregates Intersegment, amounting to -$321.7 million and -$431 million. This could be due to internal transactions or adjustments within the company's aggregate operations.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Aggregates Intersegment|-4.31E8|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Aggregates Intersegment|-3.217E8|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Aggregates Intersegment|-1.977E8|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Aggregates Intersegment|-8.01E7|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Aggregates|1.2913E9|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Concrete|1.483E8|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Asphalt Mix|1.862E8|169|
|VMC|VMC.N|Vulcan Materials|20240101-2024|Aggregates Intersegment|-8.01E7|169|

2. **Expense Shift**:
- Vulcan Materials' Cost of Goods Sold (COGS) amounted to $1.32 billion. This represents the direct costs associated with producing and delivering its products, highlighting the company's focus on managing production costs.
- Research and Development (R&D) expenses were $138.1 million. This suggests that VMC is actively investing in innovation and product development to maintain its competitive edge.
- Selling, General, and Administrative (SG&A) expenses were also significant, totaling $138.1 million. This indicates that Vulcan is focusing on enhancing its sales and marketing efforts, as well as managing its general and administrative functions effectively.

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Cost of Goods Sold|R&D Expenses|Total Revenue|market_code|
|---|---|---|---|---|---|---|---|---|
|VMC|VMC.N|Vulcan Materials|2024 Q1|1.297E8|1.2408E9||1.5457E9|169|
|VMC|VMC.N|Vulcan Materials|2024 Q2|1.341E8|1.4222E9||2.0144E9|169|
|VMC|VMC.N|Vulcan Materials|2024 Q3|1.291E8|1.4387E9||2.0039E9|169|
|VMC|VMC.N|Vulcan Materials|2024 Q4|1.381E8|1.3164E9||1.8536E9|169|

In conclusion, Vulcan Materials saw a strong revenue performance across its core business segments, with aggregates leading the charge. The company's expenses were managed carefully, with a focus on cost control, R&D, and SG&A. These shifts reflect strategic initiatives aimed at enhancing operational efficiency and sustaining growth in a competitive market.