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Analyst
Andrew Maser
Period: Reporting periods mapped to calendar 2025 Q1 – 2025 Q3 (3 quarters).
- Questions
- 5on tracked calls
- Challenge rate
- 0%none of 5 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 3with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 5 of 5 questions from 2 companies
VMCVulcan Materials Company3 questions · 3 reporting periods · 0 of 3 challenging
Calendar 2025 Q3
How much of that was Vulcan Way of Operating versus lower inflation versus volume benefits
Show response
Tom said no deflation anywhere. Cost performance driven by Vulcan Way of Operating, with Q3 benefiting from efficiencies, volume, and more base sales.
Calendar 2025 Q2
It looks like it took a step down in the quarter. I'm wondering if there's any particular drivers of that
Show response
Mary Andrews attributed lower first-half CapEx to weather delays. Full year now expected at approximately $700M, down from $750-800M original guide.
Calendar 2025 Q1
I think earlier in the call you said that these tools are now implemented in 125 locations or 75% of volumes
Show response
Tom clarified instrumentation is in top 100-120 plants but only 20-30% are getting full efficiencies. Benefits range from 4% to 12% by plant. Too early to quantify company-wide impact.
MLMMartin Marietta Materials2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q3
I'm wondering if you could provide an update on how you're thinking about the timing of the rollout of the [ Precision IQ ] pricing tool next year
Show response
Michael said Precise IQ already deployed in the East, full rollout to all sales teams by mid-2026. The underlying pricing algorithm supports both fixed-base and quoted pricing. Mid-single-digit guide incorporates fixed-base impact; quoting-side upside expected more in 2027.
Calendar 2025 Q1
I was wondering where you stand on closing that gap
Show response
Ward noted California gap is closed but should go higher given barriers to entry. Expects mid-year increases similar to last year's quantum. More detail at half-year review.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| VMC Vulcan Materials Company | 3 | 0%none of 3 questions |
| MLM Martin Marietta Materials | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q1 | 2 | 0%none of 2 questions | 2 |
| 2025 Q2 | 1 | 0%none of 1 question | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 2 |
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 2 companies
Topics
Topics tagged on this analyst’s questions.
- Innovation & R&D3
- Pricing2
- Cost Pressure2
- Capex Investment1
- M&A1