Vulcan Q2 2026: revenue up 2.5%, EBITDA down slightly, outlook reaffirmed
Vulcan's second quarter was steady rather than spectacular: revenue rose 2.5% to $2.16 billion, adjusted EPS of $2.59 edged past the $2.57 consensus, but Adjusted EBITDA slipped 0.8% to $654.0 million. The read-through is that aggregates pricing and cost control are working while weather and diesel costs hold back the reported numbers. We rate the quarter Neutral.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS from continuing operations was $2.47 and adjusted EPS was $2.59, about $0.02 or 0.7% above the $2.57 consensus. Net earnings attributable to Vulcan were $323.4 million, up from $320.9 million a year ago. The $0.12 gap between GAAP and adjusted EPS comes from items excluded from Adjusted EBITDA, including an $11.3 million loss on the sale of property, plant and equipment and businesses.
Revenue of $2.16 billion rose 2.5% from $2.10 billion a year earlier, but gross profit was essentially flat at $625.5 million, so gross margin eased to 29.0% from 29.7%. Aggregates sales of $1.76 billion carried the quarter, while asphalt fell to $330.0 million and concrete to $186.8 million after divestitures. The segment lines sum to $2.28 billion because $124.0 million of intersegment aggregates sales are eliminated at the consolidated level.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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