Vulcan Materials (VMC) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Vulcan Materials published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Vulcan Materials reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, continuing operations, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Vulcan sold its California ready-mixed concrete operations and its U.S. Virgin Islands aggregates and concrete operations in the second quarter of 2026, and its Houston asphalt and construction paving business in the fourth quarter of 2025. The year-ago quarter includes those businesses.

Source: Vulcan Materials Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Vulcan Materials splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Vulcan Materials's Aggregates revenue was $1.8 billion in Q3 2026, up 2% from $1.8 billion in Q3 2025, 83% of total revenue.
• Vulcan Materials's Asphalt revenue was $381 million in Q3 2026, down 8% from $416 million in Q3 2025, 17% of total revenue.
• Vulcan Materials's Concrete revenue was $92.4 million in Q3 2026, down 61% from $238 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Vulcan Materials said:

“Backed by our operational and commercial discipline, we expect to deliver approximately $2.4 billion in Adjusted EBITDA for the full year.”

“We anticipate a continuation of the current demand environment next year and expect to continue expanding aggregates cash gross profit per ton with mid- to high- single digit pricing gains through execution of the Vulcan Way of Selling and cost benefits from the Vulcan Way of Operating.”

Source: Vulcan Materials Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VMC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted net earnings per share attributable to Vulcan, each as first reported in that quarter's release.

We do not hold a confirmed date for Vulcan Materials's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Vulcan Materials' total revenues were $2,184.6 million in Q3 2026, down 5% from $2,291.5 million a year earlier. Aggregates segment sales were $1,822.5 million, Asphalt $381.2 million and Concrete $92.4 million, before $111.5 million of aggregates sold to Vulcan's own asphalt and concrete operations was eliminated. Aggregates segment sales include freight and delivery costs passed on to customers; excluding those and service revenues, freight-adjusted aggregates revenues were $1,431.7 million. (Vulcan Materials Q3 2026 release, Oct 29, 2026)

Vulcan's aggregates shipments decreased 3% to 62.7 million tons. Vulcan said the prior year's third quarter benefited from favorable weather following a slow start to the construction season. Freight-adjusted selling prices rose 5% on a mix-adjusted basis, or 4% ($0.82 per ton) as reported, to $22.84 per ton, and the price gains were widespread across its footprint. (Vulcan Materials Q3 2026 release, Oct 29, 2026)

Most of the revenue decline came from divestitures. Vulcan sold its ready-mixed concrete operations in California and its U.S. Virgin Islands operations in the second quarter of 2026, for combined proceeds of $722.1 million, and its Houston asphalt and construction paving business in the fourth quarter of 2025. Ready-mixed concrete shipments fell 61% and asphalt mix shipments 10%, and Concrete segment revenue fell from $237.5 million to $92.4 million. (Vulcan Materials Q3 2026 release, Oct 29, 2026; Vulcan Materials Form 10-Q, Q3 2026, Oct 29, 2026)

Vulcan Materials says in its 10-K that its top ten revenue producing states accounted for 90% of 2025 revenues and its top five 63%, led by California and Texas. Its five largest customers accounted for approximately 7% of total revenues and no single customer more than 2%, and approximately 40% to 55% of aggregates shipments have historically gone into publicly-funded construction such as highways. (Vulcan Materials Form 10-K, 2025, Feb 19, 2026)

Vulcan Materials' GAAP diluted EPS was $2.80 in Q3 2026, against $2.82 a year earlier, on net earnings attributable to Vulcan of $362.3 million. Its adjusted diluted EPS from continuing operations was $2.83, against $2.84. The adjustment is small: Vulcan excludes a $1.6 million pretax loss on discontinued operations, $2.3 million of charges associated with divested operations, $0.8 million of acquisition charges, a $0.5 million net loss on the sale of businesses, and a tax valuation allowance against deferred tax assets of Calica, its Mexico operation. (Vulcan Materials Q3 2026 release, Oct 29, 2026; Vulcan Materials Form 10-Q, Q3 2026, Oct 29, 2026)

Vulcan's aggregates gross profit was $593.4 million, or $9.46 per ton, level with a year earlier, and cash gross profit per ton rose to $11.95 from $11.84. Freight-adjusted unit cash cost of sales increased 7%, or $0.72 per ton; excluding higher diesel fuel costs it increased 3%. Asphalt gross profit margin was 17% and Concrete gross profit margin expanded to 9%. (Vulcan Materials Q3 2026 release, Oct 29, 2026)

Vulcan's diluted share count fell to 129.5 million from 132.9 million. In the quarter it returned $417 million to shareholders through $350 million of common stock repurchases and $67 million of dividends. The effective tax rate from continuing operations was 22.7%, against 23.0% a year earlier. (Vulcan Materials Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Vulcan Materials gives an annual Adjusted EBITDA outlook in its release, not a revenue or EPS figure. It expects to deliver approximately $2.4 billion in Adjusted EBITDA for 2026, and its reconciliation of that figure assumes net earnings attributable to Vulcan of $1,120 million. Through nine months, Adjusted EBITDA was $1,808 million. (Vulcan Materials Q3 2026 release, Oct 29, 2026)

For 2027, Vulcan expects a continuation of the current demand environment and further expansion in aggregates cash gross profit per ton, with mid- to high-single digit pricing gains. It said energy inflation has continued into the fourth quarter and that it has taken pricing and cost actions in response. (Vulcan Materials Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Vulcan Materials, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Vulcan Materials's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VMC is on is VMC a buy or a sell?, what analysts expect next is on the VMC forecast, and what the company does is on the Vulcan Materials (VMC) stock page.

Every number on this page can be traced to a document Vulcan Materials published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.