Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2365.7%
Neutral1234.3%
Bearish00.0%
Vulcan Materials Company · VMC · FY2026 Q1 · Calendar Q2 2026
Vulcan Materials Beats on Q1 as Shipments Climb 5%, Diesel Costs Loom
Vulcan Materials delivered a solid start to FY2026, beating consensus on both EPS ($1.35 vs $1.10 estimate, +22.7%) and revenue ($1.76B vs $1.64B estimate, +7.1%). Adjusted EBITDA grew 9% year-over-year to $447 million with gross margin expansion across all segments. Aggregate shipments rose 5% YoY, above the 1-3% full-year guidance range issued in the prior quarter, supported by public infrastructure awards and data-center demand. Management maintained full-year EBITDA guidance of $2.4-$2.6 billion but flagged an estimated $25 million diesel cost headwind in Q2. The stock rose 1.6% on the report but subsequently drifted lower, declining roughly 6.5% over the following period. Analyst consensus price target of $324.55 implies upside from the current $283.92, though the low target of $283.00 sits essentially at the current price.
Reported Before market openNYSEBasic Materials
$36.84B market cap
100quality score
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$1.35
Consensus $1
EPS surprise
+22.7%
Reported versus consensus
Reported revenue
$1.76B
Consensus $1.64B
Revenue surprise
+7.1%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$283.92Previous close
$180Low
$280.19Average
$360High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 30, 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 |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 8, 2026 |
| UBS | Buy | Buy | Maintain | Jul 8, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jun 30, 2026 |
| Citigroup | Buy | Buy | Maintain | May 1, 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 |
| JP Morgan | Neutral | Overweight | Downgrade | Mar 4, 2026 |
| Truist Securities | Buy | Buy | Maintain | Feb 19, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Feb 18, 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 previous close $283.92. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $349 | $288.64 | +22.9% | Jul 8, 2026 |
| RBC Capital | Analyst unavailable | $293 | $303.82 | +3.2% | Jun 30, 2026 |
| Berenberg Bank | Analyst unavailable | $283 | $281.56 | -0.3% | Jun 2, 2026 |
| Raymond James | Analyst unavailable | $325 | $300.29 | +14.5% | Apr 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $333 | $296.7 | +17.3% | Apr 30, 2026 |
| RBC Capital | Analyst unavailable | $298 | $297.89 | +5.0% | Apr 30, 2026 |
| Stephens | Trey Grooms | $340 | $296.08 | +19.8% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $340 | $296.08 | +19.8% | Apr 30, 2026 |
| Raymond James | Patrick Tyler Brown | $320 | $293.03 | +12.7% | Apr 27, 2026 |
| Wells Fargo | Timna Tanners | $305 | $296.86 | +7.4% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $322 | $274.33 | +13.4% | Mar 9, 2026 |
| Morgan Stanley | Analyst unavailable | $320 | $300 | +12.7% | Mar 4, 2026 |
| Truist Financial | Analyst unavailable | $360 | $300.78 | +26.8% | Feb 19, 2026 |
| RBC Capital | Analyst unavailable | $296 | $302.28 | +4.3% | Feb 18, 2026 |
| D.A. Davidson | Brent Thielman | $320 | $302.22 | +12.7% | Feb 18, 2026 |
| Wells Fargo | Timna Tanners | $315 | $302.22 | +10.9% | Feb 18, 2026 |
| Wells Fargo | Timna Tanners | $317 | $299.73 | +11.7% | Jan 29, 2026 |
| D.A. Davidson | Brent Thielman | $330 | $291.77 | +16.2% | Nov 4, 2025 |
| Stifel Nicolaus | Brian Brophy | $327 | $288.72 | +15.2% | Nov 3, 2025 |
| Barclays | Analyst unavailable | $320 | $295.35 | +12.7% | Oct 20, 2025 |
| Wells Fargo | Analyst unavailable | $311 | $300.9 | +9.5% | Oct 7, 2025 |
| UBS | Steven Fisher | $318 | $275.51 | +12.0% | May 16, 2025 |
| Stephens | Trey Grooms | $315 | $263.63 | +10.9% | May 1, 2025 |
| Stifel Nicolaus | Analyst unavailable | $287 | $234.86 | +1.1% | Mar 4, 2025 |
| RBC Capital | Mike Dahl | $269 | $251.69 | -5.3% | Jan 10, 2025 |
| Loop Capital Markets | Garik Shmois | $310 | $276.23 | +9.2% | Oct 31, 2024 |
| Stephens | Trey Grooms | $280 | $241.22 | -1.4% | Aug 8, 2024 |
| D.A. Davidson | Brent Thielman | $280 | $241.22 | -1.4% | Aug 7, 2024 |
| Stephens | Trey Grooms | $310 | $264.41 | +9.2% | May 3, 2024 |
| RBC Capital | Mike Dahl | $272 | $264.41 | -4.2% | May 3, 2024 |
| Morgan Stanley | Angel Castillo | $290 | $260.54 | +2.1% | Apr 15, 2024 |
| Loop Capital Markets | Garik Shmois | $305 | $265.62 | +7.4% | Apr 10, 2024 |
| Goldman Sachs | Jerry Revich | $212 | $172.93 | -25.3% | Apr 3, 2023 |
| RBC Capital | Mike Dahl | $191 | $180.81 | -32.7% | Jan 13, 2023 |
| J.P. Morgan | Analyst unavailable | $200 | $179.1 | -29.6% | Dec 8, 2022 |
| J.P. Morgan | Analyst unavailable | $185 | $159.99 | -34.8% | Sep 22, 2022 |
| D.A. Davidson | Analyst unavailable | $195 | $151.49 | -31.3% | Jul 19, 2022 |
| Morgan Stanley | Analyst unavailable | $180 | $149.83 | -36.6% | Jul 18, 2022 |
| Wolfe Research | Analyst unavailable | $194 | $146.29 | -31.7% | Jul 14, 2022 |
| Goldman Sachs | Analyst unavailable | $189 | $143.83 | -33.4% | Jun 23, 2022 |
| Argus Research | David Coleman | $240 | $204.96 | -15.5% | Nov 9, 2021 |
| D.A. Davidson | Brent Thielman | $227 | $204.94 | -20.0% | Nov 8, 2021 |
| Loop Capital Markets | Garik Shmois | $220 | $195.27 | -22.5% | Nov 5, 2021 |
| Stifel Nicolaus | Stanley Elliott | $220 | $187.2 | -22.5% | Aug 27, 2021 |
| Berenberg Bank | Daniel Wang | $180 | $183.53 | -36.6% | Aug 18, 2021 |
| Deutsche Bank | Rohit Seth | $220 | $189.69 | -22.5% | May 6, 2021 |
Track every rating change on VMC the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+1.6%
Event window
SPY move
-0.0%
Same window
Abnormal move
+1.6%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
-6.5%
Up to 20 sessions
VMCSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Compared to the prior quarter (Q4 FY2025), Q1 shipment growth accelerated to 5% YoY, exceeding the 1-3% full-year guidance range. The prior quarter had raised FY2026 EBITDA guidance to $2.4-$2.6 billion; this quarter maintained that range. New disclosures include an estimated $25 million diesel cost impact on Q2 margins, the expected Q2 closing of the California ready-mix concrete divestiture, and an increased capex outlook reflecting investments in new quarries, plants, and seven new rail distribution yards. Bolt-on acquisitions are expected to close in coming months. Management tone remained confident but guidance sentiment shifted from raised to maintained.
Guidance delta
FY2026 adjusted EBITDA guidance maintained at $2.4-$2.6 billion (same range the prior quarter raised to). Capex outlook increased from stable to increasing, with new quarry development in South Texas and new plants in Arizona, Texas, and South Carolina. Mid-year price increases announced to offset diesel and cost pressures. Management reaffirmed shipment growth expectations of 1-3% and pricing increases of 4-6% for the full year.
Key takeaways
- EPS of $1.35 beat consensus by 22.7%; revenue of $1.76B beat by 7.1%.
- Adjusted EBITDA rose 9% YoY to $447 million with gross margin expansion across all segments.
- Aggregate shipments grew 5% YoY, exceeding the 1-3% full-year guidance range, supported by public infrastructure awards and data-center demand.
- Management estimates a $25 million diesel cost impact on Q2 margins, a near-term headwind mitigated by pricing strategy and surcharges.
- FY2026 EBITDA guidance of $2.4-$2.6 billion maintained; mid-year price increases announced.
- California ready-mix concrete divestiture expected to close in Q2.
Management priorities
- Execute mid-year price increase schedule to offset diesel and cost pressures.
- Finalize several bolt-on acquisitions in high-growth aggregate markets.
- Develop new quarry in South Texas and new plants in Arizona, Texas, and South Carolina.
- Open seven new rail distribution yards across high-growth markets.
- Complete divestiture of California ready-mix concrete assets in Q2.
- Capitalize on data-center and energy-related projects as they move from base-stone to clean-stone phases.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T06:51:31.035137+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T06:51:31.032424+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 . For educational purposes only; not investment advice.