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VMC · Q2 2026

Vulcan Materials CO

Reported 2026-07-29
BEAT
48EarnIQ signal
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Confidence stable

Mild quarter-over-quarter shift

Resilient aggregates pricing power and cost discipline offset weather and energy headwinds, supporting reaffirmed EBITDA guidance.

  • ✓Guidance was maintained, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Mixed evidence

The headline and management signals do not point in one direction (confidence stable).

EPS: reported vs expected+0.7%$2.59 vs $2.57
Revenue: reported vs expected+0.6%$2.2B vs $2.1B
Guidance specificityHighMaintained
Market expectations supplied by Finnhub · Reported vs consensus estimate

Our industry-leading aggregates cash gross profit per ton grew to over $12 per ton, despite significant energy inflation and disruptive weather.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Commercial and operational execution drove solid results in the second quarter.”
“Our industry-leading aggregates cash gross profit per ton grew to over $12 per ton, despite significant energy inflation and disruptive weather.”
“Our aggregates business is executing well, and we reiterate our full-year outlook to deliver between $2.4 and $2.6 billion of Adjusted EBITDA.”
Guidance specificity
80/100

High specificity

Management reiterated its full-year outlook to deliver between $2.4 and $2.6 billion of Adjusted EBITDA.

Pressure point
!

Weather-related operating conditions and significant

0 potential deflections detected in management communication.

Narrative break

What changed

Completed portfolio enhancing actions including the acquisition of a quarry in southern Colorado and a rail yard in Dallas-Fort Worth.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Aggregates cash gross profit per ton grew to over $12 per ton.
  • Freight-adjusted selling prices increased 5 percent on a mix-adjusted basis.
  • Total debt to trailing-twelve months Adjusted EBITDA ratio improved to 1.9 times, remaining below the target range.
Key risks
  • Weather-related operating conditions and significant rainfall impacting shipments in Texas and certain Southeastern markets.
  • Significant energy inflation and higher diesel fuel costs driving up freight-adjusted unit cash cost of sales.
  • International business operations and regulatory risks, including actions taken by the Mexican government with respect to Vulcan's property and operations.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+12
New Signal+8
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0