VMC

EX-99.1

2 ef20084525_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

October 29, 2026

FOR IMMEDIATE RELEASE

Investor Contact:  Mark Warren (205) 298-3220

Media Contact:  Jack Bonnikson (205) 298-3220

VULCAN REPORTS THIRD QUARTER 2026 RESULTS

Solid Execution Demonstrates Resilience of Aggregates-Led Business

Expands Footprint with Strategic Acquisitions

Targets Earnings Growth Again in 2027

Birmingham, Alabama – October 29, 2026 – Vulcan Materials Company (NYSE: VMC), the nation’s largest producer of construction aggregates, today announced results for the quarter ended September 30, 2026.

Ronnie Pruitt, Vulcan Materials’ Chief Executive Officer, said, “Our results this quarter reflect disciplined operational execution across our entire organization. Our teams stayed focused on our core priorities, driving operational efficiencies, protecting margins, and delivering dependable value to our customers in a dynamic environment marked by energy inflation.

“At the same time, we are actively expanding our reach through strategic, disciplined acquisitions that reinforce our position in attractive, long-term growth markets. These targeted aggregates-led investments, combined with our core operational momentum, position us well for continued earnings growth and value creation for shareholders.”

Financial Highlights Include:

Third Quarter

Year-to-Date

Trailing-Twelve Months

Amounts in millions, except per unit data

2026

2025

2026

2025

2026

2025

Total revenues

$

2,185

$

2,292

$

6,096

$

6,029

$

8,009

$

7,882

Gross profit

$

666

$

697

$

1,714

$

1,688

$

2,201

$

2,225

Selling, Administrative and General (SAG)

$

137

$

145

$

414

$

428

$

550

$

566

As % of Total revenues

6.3

%

6.3

%

6.8

%

7.1

%

6.9

%

7.2

%

Net earnings attributable to Vulcan

$

362

$

375

$

851

$

825

$

1,103

$

1,118

Adjusted EBITDA

$

707

$

735

$

1,808

$

1,806

$

2,326

$

2,356

Adjusted EBITDA Margin

32.3

%

32.1

%

29.7

%

30.0

%

29.0

%

29.9

%

Earnings attributable to Vulcan from

continuing operations per diluted share

$

2.81

$

2.83

$

6.54

$

6.24

$

8.44

$

8.47

Adjusted earnings attributable to Vulcan from

continuing operations per diluted share

$

2.83

$

2.84

$

6.76

$

6.29

$

8.47

$

8.46

Aggregates segment

Shipments (tons)

62.7

64.7

172.6

171.7

227.6

225.6

Freight-adjusted sales price per ton

$

22.84

$

22.01

$

22.87

$

22.05

$

22.61

$

21.90

Gross profit per ton

$

9.46

$

9.46

$

9.05

$

8.91

$

8.77

$

8.93

Cash gross profit per ton

$

11.95

$

11.84

$

11.68

$

11.52

$

11.45

$

11.51

Page 2

October 29, 2026

FOR IMMEDIATE RELEASE

Segment Results

Aggregates

Commercial and operational execution drove continued expansion in aggregates cash gross profit per ton despite ongoing energy headwinds in the third quarter.  Segment gross profit was $593 million ($9.46 per ton), and cash gross profit was $750 million ($11.95 per ton).

As compared to the prior year, aggregates shipments decreased 3 percent.  Shipments in the prior year’s third quarter benefited from favorable weather across the Company’s footprint following a slow start to the construction season due to severe winter weather and rainfall throughout the first half of the year.

Price growth in the third quarter remained widespread across the Company’s footprint.  Freight-adjusted selling prices increased 5 percent on a mix-adjusted basis (4 percent, or $0.82 per ton, on a reported basis).  Continued cost management and operational execution helped offset energy cost headwinds and inflationary pressures on some parts and supplies.  Freight-adjusted unit cash cost of sales increased 7 percent, or $0.72 per ton, over the prior year.  Excluding the impact of higher diesel fuel costs, cash cost of sales increased 3 percent.

Asphalt and Concrete

Non-aggregates segment gross profit in the third quarter was $72 million, and cash gross profit was $88 million.  Asphalt gross profit margin remained strong at 17 percent, despite lower shipments and higher liquid asphalt costs.  The prior year results included the Company’s Houston asphalt and construction business that was divested in the fourth quarter of 2025.  Concrete gross profit margin expanded to 9 percent. The prior year’s third quarter included results from the concrete assets in California, that were divested in the second quarter of 2026.

Selling, Administrative and General (SAG)

SAG expense in the quarter was $137 million, 6 percent lower than the prior year and 6.3 percent of total revenues.  On a trailing-twelve months basis, SAG expense as a percent of total revenues was 6.9 percent and 30 basis points lower than the prior year.

Financial Position, Liquidity and Capital Allocation

Capital expenditures for maintenance and growth projects were $174 million in the third quarter, and the Company returned $417 million to shareholders through $350 million of common stock repurchases and $67 mil

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