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Vulcan Materials posts Q3 above expectations as construction demand remains resilient
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Vulcan Materials beat Q3 expectations with aggregate shipments up 12% and maintained FY EBITDA guidance.
Vulcan Materials delivered third-quarter adjusted EPS of US$2.84, beating consensus of US$2.72, and Q3 revenue of US$2.29 billion vs US$2.27 billion expected. Shipments of aggregates rose 12% year-on-year, driven by strong public-construction volumes and favourable weather conditions. Gross profit in its aggregates segment reached US$612.1 million (+23%). The company reaffirmed its full-year 2025 adjusted EBITDA guidance at US$2.35-2.45 billion (vs estimate US$2.43 billion). CEO Tom Hill said non-residential private activity should improve in 2026 and pricing remains supportive.