Earnings Releases·Oct 29, 2026, 6:55 AM ET

Vulcan Materials Company — Third Quarter 2026 Earnings Summary

Q3 2026 total revenues declined 4.7% year-over-year to $2,185 million, while year-to-date revenues rose 1.2% to $6,096 million; Q3 net earnings fell to $362 million from $375 million, though year-to-date net earnings increased to $851 million from $825 million.
Full-year 2026 Adjusted EBITDA guidance remains at approximately $2.4 billion, with management projecting mid- to high-single-digit pricing gains in 2027 alongside expanded aggregates cash gross profit per ton.
The company returned $417 million to shareholders via $350 million in stock repurchases and $67 million in dividends, while completing two bolt-on acquisitions in Tennessee and southern Ohio.
Operating margins were supported by a 6% reduction in SAG expenses and widespread price growth, which offset a 7% year-over-year increase in freight-adjusted unit cash costs driven by energy inflation.
Leverage remained within target ranges with a debt-to-EBITDA ratio of 2.0 times as of September 30, 2026, following prior divestitures of Houston asphalt and California concrete assets.