Vulcan Q3 revenue declines and misses estimates

Overview

• US aggregates producer's Q3 revenue fell and missed analyst expectations

• Q3 adjusted EBITDA declined and missed analyst expectations

• Company completed two acquisitions and returned $417 mln to shareholders

Outlook

• Vulcan expects full-year 2026 Adjusted EBITDA of about $2.4 bln

• Company targets earnings growth in 2027

• Vulcan expects mid- to high-single digit aggregates pricing gains in 2027

Result Drivers

• AGGREGATES PRICING - Co said higher aggregates selling prices helped offset lower shipments and energy cost headwinds

• ACQUISITIONS - Co said recent acquisitions expanded its footprint in Tennessee and southern Ohio

• COST MANAGEMENT - Co said cost controls and operational execution helped mitigate inflation and energy costs

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the construction materials peer group is "buy"

• Wall Street's median 12-month price target for Vulcan Materials Co is $319.50, about 20.6% above its October 28 closing price of $265.00

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 29 three months ago

Reuters Recommended Reads

• Oct 29 - Ireland's CRH Q3 revenue slightly misses on cost inflation

• Oct 28 - Amrize Q3 revenue rises on higher prices

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)