Vulcan Materials Reports Q2 Earnings, Maintains Full-Year Guidance
Vulcan Materials (NYSE: VMC) reported second-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $654 million in the first half of 2026. This figure was roughly flat year-over-year as higher pricing and operating efficiencies offset nearly $40 million in energy-related costs. Aggregates shipments increased by 1%, while mix-adjusted selling prices rose 5%. The company maintained its full-year adjusted EBITDA guidance between $2.4 billion to $2.6 billion, citing support from public infrastructure projects, highways, and large-scale developments like data centers. Vulcan returned over $500 million to shareholders in the first half of the year through buybacks and dividends while continuing its acquisition strategy focused on aggregates. Management expects pricing realization to reach near the upper end of their 4%–6% target range by year-end, with improved margins expected in the second half. The company also noted that residential construction remains weak due to affordability issues but is seeing steady demand from public infrastructure and large projects. In a separate development, Vulcan's Mexico arbitration case found multiple NAFTA violations; however, damages awarded were deemed immaterial.
Tickers: $VMC