Vulcan Q3 revenue declines and misses estimates
VMC•Vulcan's third-quarter revenue was $2.19 billion, below the $2.25 billion consensus estimate, while adjusted EBITDA of $707 million also missed estimates. The company expects full-year 2026 adjusted EBITDA of about $2.4 billion and targets earnings growth in 2027.
1. Quarterly results
Vulcan reported third-quarter revenue of $2.19 billion, down and below analysts' $2.25 billion estimate. Adjusted EBITDA declined to $707 million, missing the $720.76 million consensus estimate; net income was $362 million.
2. Outlook and capital returns
Vulcan expects full-year 2026 adjusted EBITDA of about $2.4 billion and targets earnings growth in 2027, with mid- to high-single-digit aggregates pricing gains. The company completed two acquisitions and returned $417 million to shareholders.
3. Factors affecting results
Vulcan said higher aggregates selling prices helped offset lower shipments and energy cost headwinds. It said recent acquisitions expanded its footprint in Tennessee and southern Ohio, while cost controls and operational execution helped mitigate inflation and energy costs.
