Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2468.6%
Neutral1028.6%
Bearish12.8%
Vulcan Materials Company · VMC · FY2025 Q1 · Calendar Q2 2025
Vulcan: Strong Q1 Growth, Private Demand Still Weak
The supplied analysis supports a constructive operating thesis for Vulcan: strong Q1 growth, pricing above unit-cost growth, public infrastructure demand, and automation provide evidence of resilient demand and execution. The thesis is not complete, because private residential weakness and the timing of pricing, volumes, and costs remain important tests.
Reported Before market openNYSEBasic Materials
$33.38B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.80
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.65B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.9%
Event window
SPY move
+0.0%
Same window
Abnormal move
+6.9%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+1.1%
Up to 20 sessions
VMCSPY benchmark
Ask FN2 about VMC FY2025 Q1
Transcript, numbers and history already loaded
What drove VMC's +6.9% move after FY2025 Q1 earnings?What changed in VMC's guidance and outlook in FY2025 Q1?Give me the bull and bear case for VMC after FY2025 Q1 earnings.
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, Q1 evidence strengthened the operating case: revenue and adjusted EBITDA growth accelerated, management highlighted lower unit costs and a 93% free-cash-flow conversion rate, and data-center construction emerged as a more prominent future demand driver. The private residential weakness and $750–$800 million capex framework remained in view.
Guidance delta
Maintained; management continued to frame the 2025 capex program at $750–$800 million and emphasized price discipline.
Key takeaways
- Management reported 20% year-over-year revenue growth and a 27% increase in adjusted EBITDA, with higher prices and lower unit costs supporting margins.
- Public infrastructure spending, data-center and power-generation projects, and downstream profitability initiatives were identified as demand and execution supports.
- The main counterweight is continued weakness in private residential demand, alongside macro, weather, and pricing-execution risks.
Management priorities
- Maintain price discipline, including mid-year pricing discussions.
- Execute the $750–$800 million capex program with plant upgrades and automation.
- Capture acquisition synergies while evaluating additional strategic M&A and expanding downstream profitability.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$257.63Current
$180Low
$275Average
$360High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Oct 13, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Oct 9, 2026 |
| UBS | Buy | Buy | Maintain | Oct 8, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Oct 5, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 5, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 2, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 21, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 6, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 21, 2025 |
| Stifel | Buy | Buy | Maintain | May 2, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Apr 10, 2025 |
| Loop Capital | Buy | Buy | Maintain | Apr 1, 2025 |
| Jefferies | Buy | Buy | Maintain | Apr 18, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 20, 2024 |
| Seaport Global | Buy | Neutral | Upgrade | Oct 24, 2023 |
| Argus Research | Buy | Buy | Maintain | Feb 22, 2023 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Jan 24, 2023 |
| Vertical Research | Buy | Hold | Upgrade | Sep 1, 2022 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 23, 2020 |
| B of A Securities | Neutral | Buy | Downgrade | Oct 13, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 10, 2020 |
| CFRA | Hold | Buy | Downgrade | May 6, 2020 |
| Nomura | Buy | Buy | Maintain | Apr 17, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Oct 15, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Sep 18, 2019 |
| Longbow Research | Buy | Buy | Maintain | Jul 26, 2019 |
| Berenberg | Hold | Hold | Maintain | Apr 3, 2019 |
| BB&T Capital | Buy | Buy | Maintain | May 4, 2016 |
| Susquehanna | Positive | Positive | Maintain | Feb 5, 2016 |
| Cleveland Research | Buy | Buy | Maintain | Aug 27, 2013 |
| Sterne Agee | Buy | Neutral | Upgrade | Apr 16, 2013 |
| KeyBanc | Hold | Buy | Downgrade | Sep 25, 2012 |
| Morgan Keegan | Market Perform | Market Perform | Maintain | Feb 17, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $257.63. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Patrick Tyler Brown | $308 | $257.9 | +19.6% | Oct 16, 2026 |
| RBC Capital | Analyst unavailable | $256 | $244.03 | -0.6% | Oct 9, 2026 |
| UBS | Analyst unavailable | $326 | $244.13 | +26.5% | Oct 8, 2026 |
| Truist Financial | Keith Hughes | $320 | $243.06 | +24.2% | Oct 5, 2026 |
| Wells Fargo | Analyst unavailable | $249 | $243.06 | -3.3% | Oct 5, 2026 |
| Wells Fargo | Timna Tanners | $254 | $258.3 | -1.4% | Sep 9, 2026 |
| UBS | Analyst unavailable | $349 | $288.64 | +35.5% | Jul 8, 2026 |
| RBC Capital | Analyst unavailable | $293 | $303.82 | +13.7% | Jun 30, 2026 |
| Berenberg Bank | Analyst unavailable | $283 | $281.56 | +9.8% | Jun 2, 2026 |
| Raymond James | Analyst unavailable | $325 | $300.29 | +26.1% | Apr 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $333 | $296.7 | +29.3% | Apr 30, 2026 |
| RBC Capital | Analyst unavailable | $298 | $297.89 | +15.7% | Apr 30, 2026 |
| Stephens | Trey Grooms | $340 | $296.08 | +32.0% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $340 | $296.08 | +32.0% | Apr 30, 2026 |
| Raymond James | Patrick Tyler Brown | $320 | $293.03 | +24.2% | Apr 27, 2026 |
| Wells Fargo | Timna Tanners | $305 | $296.86 | +18.4% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $322 | $274.33 | +25.0% | Mar 9, 2026 |
| Morgan Stanley | Analyst unavailable | $320 | $300 | +24.2% | Mar 4, 2026 |
| Truist Financial | Analyst unavailable | $360 | $300.78 | +39.7% | Feb 19, 2026 |
| RBC Capital | Analyst unavailable | $296 | $302.28 | +14.9% | Feb 18, 2026 |
| D.A. Davidson | Brent Thielman | $320 | $302.22 | +24.2% | Feb 18, 2026 |
| Wells Fargo | Timna Tanners | $315 | $302.22 | +22.3% | Feb 18, 2026 |
| Wells Fargo | Timna Tanners | $317 | $299.73 | +23.0% | Jan 29, 2026 |
| D.A. Davidson | Brent Thielman | $330 | $291.77 | +28.1% | Nov 4, 2025 |
| Stifel Nicolaus | Brian Brophy | $327 | $288.72 | +26.9% | Nov 3, 2025 |
| Barclays | Analyst unavailable | $320 | $295.35 | +24.2% | Oct 20, 2025 |
| Wells Fargo | Analyst unavailable | $311 | $300.9 | +20.7% | Oct 7, 2025 |
| UBS | Steven Fisher | $318 | $275.51 | +23.4% | May 16, 2025 |
| Stephens | Trey Grooms | $315 | $263.63 | +22.3% | May 1, 2025 |
| Stifel Nicolaus | Analyst unavailable | $287 | $234.86 | +11.4% | Mar 4, 2025 |
| RBC Capital | Mike Dahl | $269 | $251.69 | +4.4% | Jan 10, 2025 |
| Loop Capital Markets | Garik Shmois | $310 | $276.23 | +20.3% | Oct 31, 2024 |
| Stephens | Trey Grooms | $280 | $241.22 | +8.7% | Aug 8, 2024 |
| D.A. Davidson | Brent Thielman | $280 | $241.22 | +8.7% | Aug 7, 2024 |
| Stephens | Trey Grooms | $310 | $264.41 | +20.3% | May 3, 2024 |
| RBC Capital | Mike Dahl | $272 | $264.41 | +5.6% | May 3, 2024 |
| Morgan Stanley | Angel Castillo | $290 | $260.54 | +12.6% | Apr 15, 2024 |
| Loop Capital Markets | Garik Shmois | $305 | $265.62 | +18.4% | Apr 10, 2024 |
| Goldman Sachs | Jerry Revich | $212 | $172.93 | -17.7% | Apr 3, 2023 |
| RBC Capital | Mike Dahl | $191 | $180.81 | -25.9% | Jan 13, 2023 |
| J.P. Morgan | Analyst unavailable | $200 | $179.1 | -22.4% | Dec 8, 2022 |
| J.P. Morgan | Analyst unavailable | $185 | $159.99 | -28.2% | Sep 22, 2022 |
| D.A. Davidson | Analyst unavailable | $195 | $151.49 | -24.3% | Jul 19, 2022 |
| Morgan Stanley | Analyst unavailable | $180 | $149.83 | -30.1% | Jul 18, 2022 |
| Wolfe Research | Analyst unavailable | $194 | $146.29 | -24.7% | Jul 14, 2022 |
| Goldman Sachs | Analyst unavailable | $189 | $143.83 | -26.6% | Jun 23, 2022 |
| Argus Research | David Coleman | $240 | $204.96 | -6.8% | Nov 9, 2021 |
| D.A. Davidson | Brent Thielman | $227 | $204.94 | -11.9% | Nov 8, 2021 |
| Loop Capital Markets | Garik Shmois | $220 | $195.27 | -14.6% | Nov 5, 2021 |
| Stifel Nicolaus | Stanley Elliott | $220 | $187.2 | -14.6% | Aug 27, 2021 |
| Berenberg Bank | Daniel Wang | $180 | $183.53 | -30.1% | Aug 18, 2021 |
| Deutsche Bank | Rohit Seth | $220 | $189.69 | -14.6% | May 6, 2021 |
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Start freeCompany context
Snapshot as of publicationVulcan Materials Company, alongside its affiliated entities, stands as a prominent producer and distributor of construction aggregates, primarily operating within the United States. The company's activities are organized into four distinct divisions: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates division focuses on providing essential materials like crushed stone, sand, gravel, and other foundational aggregates, along with related services. These products are vital for building and maintaining highways, public infrastructure, residential properties, and various commercial, industrial, and other non-residential structures.…
Historical context
All VMC earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| AA Alcoa Corporation | FY2026 Q3 · Calendar Q4 2026 | +20.5% | +7.2% | Alcoa: Strong Q3 execution, with safety and transaction risks ahead |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-16T00:02:45.914612+00:00
- Polygon adjusted daily market bars · 2026-10-17T14:30:41.209093+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T14:30:41.206217+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.