Vulcan Q2 revenue beats on public construction demand, pricing discipline

Vulcan Materials

29/07/2026 12:09

Overview
US aggregates supplier's Q2 revenue and adjusted EPS beat analyst expectations
Adjusted EBITDA for Q2 slightly missed consensus
Company reaffirmed full-year adjusted EBITDA outlook and completed portfolio-enhancing acquisitions and divestitures

Outlook
Vulcan reaffirms 2026 full-year Adjusted EBITDA outlook of $2.4 bln to $2.6 bln
Company expects continued aggregates price growth and volume growth in 2026
Vulcan says focus remains on compounding aggregates unit profitability to drive earnings growth

Result Drivers
PRICING DISCIPLINE - Co said continued pricing discipline and operational execution drove gross profit growth in aggregates despite energy and weather headwinds
PUBLIC CONSTRUCTION DEMAND - Aggregates shipments increased 1% and benefited from healthy public construction activity and large projects
PORTFOLIO ACTIONS - Co completed acquisitions and divestitures to expand reach and strengthen distribution network in line with aggregates-led growth strategy

Company press release: ID:nPn35Dkffa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.16 bln
$2.12 bln (14 Analysts)
Q2 Adjusted EPS
Beat
$2.59
$2.55 (16 Analysts)
Q2 Net Income
 
$323 mln
 
Q2 Adjusted EBITDA
Slight Miss*
$654 mln
$654.76 mln (16 Analysts)
Q2 Gross Profit
 
$626 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the construction materials peer group is "buy"
Wall Street's median 12-month price target for Vulcan Materials Co is $337.50, about 17% above its July 28 closing price of $288.42
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)