Vulcan Materials Co
DUS:VMC

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Vulcan Materials Co Logo
Vulcan Materials Co
DUS:VMC
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Price: 246 EUR -3.91%
Market Cap: 32.5B EUR

Vulcan Materials Co
Investor Relations

Vulcan Materials Co. has established itself as a dominant force in the construction industry, carving a substantial niche as the largest supplier of construction aggregates in the United States. Founded in 1909, Vulcan has weathered the fluctuations of an ever-evolving economy by sticking to the basics of what societies need: essential materials that form the backbone of infrastructure. The company mines, produces, and sells aggregates such as crushed stone, sand, and gravel, which are critical components used in a wide array of construction projects—from roads and bridges to commercial buildings and homes. Vulcan's operations span across a network of quarries, strategically positioned to service its markets efficiently, ensuring that its materials are readily available for projects that shape our cities and communities.

The company's revenue model hinges on its ability to efficiently extract and sell these materials, as well as its capability to adapt to the changing needs of the construction sector. Besides its primary aggregates business, Vulcan also engages in the production of asphalt and ready-mixed concrete, providing a comprehensive suite of products needed by contractors. By leveraging economies of scale and operating a vertically integrated business model, Vulcan enhances its profitability and competes effectively against local and regional players. The demand for Vulcan's materials ties closely to government infrastructure spending and real estate development, making it sensitive to economic cycles while also benefiting from large-scale public and private construction investments. Through strategic acquisitions and a commitment to sustainability, Vulcan continues to solidify its position as a cornerstone of the nation's development landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

EBITDA Growth: Adjusted EBITDA reached $735 million, up 27% year-over-year, with margin expanding 310 basis points.

Shipments Up: Aggregates shipments grew 12% in the quarter and are up 3% year-to-date.

Cost Efficiencies: Aggregates freight-adjusted unit cash cost of sales fell 2% year-over-year, supported by operational improvements.

Pricing: Mix-adjusted pricing improved 5% in the quarter and 7% year-to-date, with mid-single-digit price growth expected in 2026.

Strong Cash Flow: Free cash flow grew 31% over 12 months to over $1 billion, with 94% conversion.

2025 Guidance: Full-year adjusted EBITDA expected between $2.35 billion and $2.45 billion, a 17% increase at the midpoint.

Portfolio Shaping: Completed divestiture of asphalt and construction services assets to focus on aggregates-led strategy.

Demand Outlook: Public construction demand remains strong, private nonresidential is improving, but residential demand is still weak.

Key Financials
Adjusted EBITDA
$735 million
Aggregates Shipments
12% increase in the quarter; 3% higher year-to-date
Mix-Adjusted Pricing
5% increase in the quarter; 7% increase year-to-date
Aggregates Cash Gross Profit per Ton
9% growth in the quarter; $11.51 trailing 12 months
Aggregates Freight-Adjusted Unit Cash Cost of Sales
2% lower than prior year in third quarter
Free Cash Flow
Over $1 billion (trailing 12 months)
Free Cash Flow Conversion
94%
SG&A Expenses
$566 million (trailing 12 months)
CapEx
$442 million year-to-date; $700 million planned for full year
Earnings Call Recording
Other Earnings Calls

Management

Mr. Thompson S. Baker II
President
No Bio Available
Ms. Mary Andrews Carlisle
Senior VP & CFO
No Bio Available
Mr. Ronnie A. Pruitt
Chief Operating Officer
No Bio Available
Mr. Randy L. Pigg
VP, Principal Accounting Officer & Controller
No Bio Available
Krzysztof Soltan
Chief Information Officer
No Bio Available
Ms. Janet F. Kavinoky
Vice President of External Affairs & Corporate Communications
No Bio Available
Mr. Darren L. Hicks
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Jerry F. Perkins Jr.
Senior Vice President of Mountain West, Southern & Gulf Coast Divisions and Commercial Excellence
No Bio Available
Mr. Jason P. Teter
Senior Vice President of Southeast & Mideast Divisions
No Bio Available
Mr. David B. Pasley
President of Operations Support
No Bio Available

Contacts

Address
ALABAMA
Birmingham
1200 Urban Center Dr
Contacts