earnings
confidence high
sentiment positive
materiality 0.80
Vulcan Materials Q2 earnings beat: adj EBITDA $660M (+9% YoY), aggregates margins expand
Vulcan Materials CO
2025-Q2 EPS
reported $3.38
vs consensus $2.56
▲ beat
(+31.8%)
- Q2 total revenue $2.10B (+4% YoY); net earnings $321M ($2.43 EPS), vs $308M ($2.33) prior year.
- Adjusted EBITDA $660M, margin 31.4% (+150 bps YoY); aggregates cash gross profit per ton $11.88 (+9% YoY).
- Aggregate shipments 59.3M tons (-1% YoY due to weather); freight-adjusted price per ton $22.11 (+5% YoY).
- Full-year Adjusted EBITDA outlook reaffirmed at $2.35–$2.55B; debt-to-EBITDA 2.2x, within target.
- Returned $65M to shareholders via dividends (+6% YoY); capex $102M in Q2.
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