VMC
Vulcan Materials Company292.01
-4.67-1.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A clarifies mix drags, M&A outlook
Q&A unpacked Q4 pricing shortfalls from geographic mix shifts post-hurricane, acquisitions, and data center base stone shipments—$8-10 below clean stone—expecting 4-6% pricing to skew low early 2026 before ramping as projects go vertical. Management doubled down on low single-digit costs via Vulcan Way traction amid steady public demand from IIJA tails and state initiatives. Data centers dominate private non-res bookings; residential lags flat until potential H2 rate relief. M&A pipeline heats up for aggregates-led deals in current and new geographies. No walk-backs, just sharper execution details. Mix drags fade slowly.
Key Stats
Market Cap
38.58BP/E (TTM)
34.48Basic EPS (TTM)
8.47Dividend Yield
0.01%Recent Filings
8-K
Vulcan touts aggregates strength
Vulcan Materials presented at its Investor Day on March 12, 2026, highlighting aggregates dominance with 16.6B tons reserves, $2.3B adjusted EBITDA, and $11.33/ton cash gross profit as of 2025. Strategic disciplines boosted profitability 45% since 2022 despite muted demand, fueling $3B acquisitions and $1.5B divestments. Targets $20/ton cash gross profit at 260-270M tons for $4.5-5.0B EBITDA. Risks include economic cycles and construction dependence.
10-K
FY2025 results
Vulcan Materials delivered FY2025 revenues of $7.9B (up 7% y/y) and net earnings of $1.08B ($8.11/share), with Aggregates driving 90% of $2.2B gross profit via 3% shipment growth to 227M tons and 4.3% freight-adjusted price rise to $21.98/ton; cash gross profit per ton hit $11.33 (up 7%). Q4 momentum shone through acquisitions like Wake Stone and Superior, boosting concrete shipments 25% y/y while unit profitability expanded for 12 straight quarters. Strong cash flow funded $703M capex, $438M buybacks, and $260M dividends amid 1.9x net leverage. California concrete divestiture sharpens aggregates focus. Public construction reliance exposes quarterly volume swings to funding delays.
8-K
Vulcan's 2025 EBITDA up 13%
Vulcan Materials reported Q4 and full-year 2025 results, with full-year revenues up to $7.9B and Adjusted EBITDA rising 13% to $2.3B on 3% aggregates shipment growth and 4% reported price gains. Cash from operations surged 29% to $1.8B, fueling $698M shareholder returns while trimming non-core assets like California concrete, set to close Q2 2026. Strong cash flow. Guides 2026 Adjusted EBITDA to $2.4-2.6B amid robust public demand.
8-K
CSO Bass to retire
Vulcan Materials' Chief Strategy Officer Stanley G. Bass notified the company of his retirement effective April 30, 2026. The Board approved prorated base salary through that date while keeping his short- and long-term incentives unchanged as a percentage of base for 2026. Smooth transition planned.
8-K
MSHA imminent danger order
IPO
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