| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.8K | 7.4% |
| Total Income | 1.8K | 7.4% |
| Expenditure | 1.5K | 5.8% |
| PBT | 212.90 | 29.7% |
| Net Profit | 165.50 | 28.4% |
| OPM | 15.12% | 1.27pp |
| NPM | 9.43% | 1.54pp |
| EPS | 1.27 | 30.9% |
Vulcan Reports Q1 2026 Results with 7.4% Revenue Growth and 27.9% Net Earnings Increase
29 Apr 2026 · 29 Apr, 4:41 pm
Summary
Vulcan Materials Company reported solid first-quarter 2026 results, with total revenues increasing by 7.4% to $1,756 million. Net earnings attributable to Vulcan surged by 27.9% to $165 million, reflecting strong operational execution. The company achieved a 9% growth in Adjusted EBITDA to $447 million, alongside an expansion in its Adjusted EBITDA Margin to 25.5%. Management highlighted the strength of its aggregates-led business and strategic disciplines, reaffirming its full-year Adjusted EBITDA outlook of $2.4 billion to $2.6 billion, driven by a healthy backlog and public construction activity.
Key Highlights
- 1
Total revenues for the first quarter of 2026 increased by 7.4% to $1,756 million, up from $1,635 million in the prior year.
- 2
Net earnings attributable to Vulcan saw a significant rise of 27.9% to $165 million in Q1 2026, compared to $129 million in Q1 2025.
- 3
Adjusted EBITDA grew by 9% to $447 million for the first quarter, contributing to an Adjusted EBITDA Margin expansion to 25.5%.
- 4
Diluted earnings per share from continuing operations increased to $1.27 in Q1 2026, up from $0.98 in the same period last year.
- 5
The Aggregates segment reported a 12% increase in gross profit to $400 million, with its gross profit margin expanding by 90 basis points to 27.6%.
- 6
Aggregates shipments for the first quarter rose by 5%, supported by large projects and growth in public construction activity.
- 7
Vulcan Materials Company reaffirmed its full-year Adjusted EBITDA outlook, projecting it to be between $2.4 billion and $2.6 billion.
Management Comments
Ronnie Pruitt
The combination of our advantaged aggregates-led business and consistent focus on our strategic disciplines resulted in Adjusted EBITDA growth of 9 percent and margin expansion in the first quarter. Our strategy and execution, enhanced by innovation and technology, position us well to deliver strong earnings growth and cash generation. With this focus, and the financial strength and flexibility to grow, we will continue to drive sustainable value creation and win the future in aggregates.
Ronnie Pruitt
We reiterate our full-year outlook to deliver between $2.4 and $2.6 billion of Adjusted EBITDA. Our execution in the first quarter, in addition to a healthy backlog supported by large projects and public construction activity, gives us good momentum heading into the rest of the year. We continue to monitor the potential impacts from geopolitical uncertainty but, as always, will remain focused on what we can control to drive durable growth.
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