Vulcan Materials (VMC) Misses Q4 EPS by 43c, provides guidance

Vulcan Materials (NYSE: VMC) reported Q4 EPS of $1.70, $0.43 worse than the analyst estimate of $2.13. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.95 billion.

Management expectations supporting the 2026 outlook include:

Continued improvement in Aggregates segment cash gross profit per ton ($11.33 in 2025)

Total shipments up 1 to 3 percent (226.8 million tons in 2025)
Freight-adjusted price improvement of 4 to 6 percent ($21.98 in 2025)
Low-single digit increase in freight-adjusted unit cash cost
(freight-adjusted price less segment cash gross profit per ton; $10.65 in 2025)

Total Asphalt and Concrete segment cash gross profit of approximately $290 million
($322 million in 2025); excludes California ready-mixed concrete assets held for sale

Relative contribution of approximately 85 percent from the Asphalt segment and
15 percent from the Concrete segment

Selling, Administrative and General expense of $580 to $590 million ($564 million in 2025)
Interest expense of approximately $225 million
Capital spending for maintenance and growth projects of $750 to $800 million
Depreciation, depletion, accretion and amortization expense of approximately $700 million
An effective tax rate of 22 to 23 percent
Net earnings attributable to Vulcan of $1.1 to $1.3 billion
Adjusted EBITDA between $2.4 and $2.6 billion

For earnings history and earnings-related data on Vulcan Materials (VMC) click here.

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