Vulcan Materials Company (VMC)
NYSE:VMC
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.64Last Year’s EPS
2.45Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial picture: Q1 delivered higher adjusted EBITDA (+9%), shipment growth (+5%), improved mix-adjusted pricing (+4%), margin expansion, strong cash generation ($1.8B TTM) and a healthy balance sheet (debt down ~$350M; net leverage 1.9x). Management reaffirmed full-year adjusted EBITDA guidance ($2.4B–$2.6B), highlighted an advantaged footprint with stronger public and data-center driven demand, active M&A/greenfield pipeline and ongoing cost discipline. The primary near-term negatives are energy/diesel-driven cost pressure (estimated ~$25M Q2 impact), modestly lower pricing vs. tougher comps and continued residential weakness. Overall, the balance of material positives (profitability, cash flow, balance sheet, pricing traction and market positioning) outweighs the identified near-term headwinds.Company Guidance
Adjusted EBITDA Growth
Generated $447 million of adjusted EBITDA in Q1, a 9% increase versus the prior year, and reaffirmed full-year adjusted EBITDA guidance of $2.4 billion to $2.6 billion.
Volume and Shipments Recovery
Aggregate shipments increased 5% year-over-year in Q1 driven by improving demand and fewer extreme-weather days; management expects a return to shipments growth for full-year 2026.
Price Realization and Mix-Adjusted Price Improvement
On a mix-adjusted basis, aggregates freight-adjusted price improved 4% year-over-year in Q1, reflecting realization of January 1 price increases and ongoing commercial actions (midyear increases already underway).
Margin Expansion and Unit Profitability
Gross profit margin expanded across every segment; trailing 12-month aggregate cash gross profit per ton rose to $11.38 and management is targeting $20 per ton as a long-term goal.
Strong Cash Generation and Capital Returns
Generated $1.8 billion of cash from operations over the trailing 12 months; deployed ~$800 million to capital returns (dividends of $262 million and share repurchases of $550 million, including $149 million in Q1).
Disciplined Capital Spend and Growth Investments
Trailing 12-month capital expenditures totaled $686 million (≈70% for maintenance/fixed plant/mobile equipment/land; 30% for greenfield and growth projects). Announced greenfield projects and multiple new plants/rails/distribution yards coming online.
Balance Sheet Strength
Total debt of $4.6 billion at quarter-end, approximately $350 million lower than a year ago, with net debt to adjusted EBITDA leverage of 1.9x — providing capacity to support an active acquisition pipeline.
Operating Expense and ROIC Improvements
SG&A (SAG) expenses were 2% lower in Q1 versus prior year; trailing 12-month SG&A of $562 million represented 7% of revenue, 20 basis points lower year-over-year. Trailing 12-month return on invested capital improved 30 basis points to 16%.
Market Position and Backlog Visibility
Company highlighted advantaged footprint: trailing 12-month highway awards in its markets up 12% and public infrastructure awards up 17% year-over-year; ~60% of large public/private projects are within 50 miles of a Vulcan facility, supporting backlog conversion (notably data centers).
Active M&A and Divestiture Strategy
Management is advancing bolt-on acquisition pipeline and expects several deals to close in coming months; announced divestiture of California concrete assets expected to close in Q2 to free capacity for aggregates growth.
VMC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $291.46 | $296.08 | +1.59% |
Feb 17, 2026 | $327.03 | $301.65 | -7.76% |
Oct 13, 2025 | $300.35 | $301.66 | +0.44% |
Jul 31, 2025 | $271.34 | $273.23 | +0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vulcan Materials Company (VMC) report earnings?
Vulcan Materials Company (VMC) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Vulcan Materials Company (VMC) earnings time?
Vulcan Materials Company (VMC) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VMC EPS forecast?
VMC EPS forecast for the fiscal quarter 2026 (Q2) is 2.64.