Vulcan Q3 revenue declines and misses estimates

Vulcan Materials

29/10/2026 11:07

Overview
US aggregates producer's Q3 revenue fell and missed analyst expectations
Q3 adjusted EBITDA declined and missed analyst expectations
Company completed two acquisitions and returned $417 mln to shareholders

Outlook
Vulcan expects full-year 2026 Adjusted EBITDA of about $2.4 bln
Company targets earnings growth in 2027
Vulcan expects mid- to high-single digit aggregates pricing gains in 2027

Result Drivers
AGGREGATES PRICING - Co said higher aggregates selling prices helped offset lower shipments and energy cost headwinds
ACQUISITIONS - Co said recent acquisitions expanded its footprint in Tennessee and southern Ohio
COST MANAGEMENT - Co said cost controls and operational execution helped mitigate inflation and energy costs

Company press release: ID:nPn1XjcCva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$2.19 bln
$2.25 bln (16 Analysts)
Q3 Net Income
 
$362 mln
 
Q3 Adjusted EBITDA
Miss
$707 mln
$720.76 mln (18 Analysts)
Q3 Gross Profit
 
$666 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 8 "hold" and 2 "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 $319.50, about 20.6% above its October 28 closing price of $265.00
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 29 three months ago

Reuters Recommended Reads
Oct 29 - Ireland's CRH Q3 revenue slightly misses on cost inflation
Oct 28 - Amrize Q3 revenue rises on higher prices

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)