Vulcan Q2 revenue beats on public construction demand, pricing discipline
VMC•Outlook
- Vulcan reaffirms 2026 full-year Adjusted EBITDA outlook of $2.4 bln to $2.6 bln
- Company expects continued aggregates price growth and volume growth in 2026
- Vulcan says focus remains on compounding aggregates unit profitability to drive earnings growth
Overview
- US aggregates supplier's Q2 revenue and adjusted EPS beat analyst expectations
- Adjusted EBITDA for Q2 slightly missed consensus
- Company reaffirmed full-year adjusted EBITDA outlook and completed portfolio-enhancing acquisitions and divestitures
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $2.16 bln | $2.12 bln (14 Analysts) |
| Q2 Adjusted EPS | Beat | $2.59 | $2.55 (16 Analysts) |
| Q2 Net Income | $323 mln | ||
| Q2 Adjusted EBITDA | Slight Miss* | $654 mln | $654.76 mln (16 Analysts) |
| Q2 Gross Profit | $626 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell". The average consensus recommendation for the construction materials peer group is "buy". Wall Street's median 12-month price target for Vulcan Materials Co is $337.50, about 17% above its July 28 closing price of $288.42. The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago.
