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Vulcan Materials

Produces construction aggregates and related materials

Overview

Vulcan Materials is the largest producer of construction aggregates in the United States, focusing on crushed stone, sand, and gravel. It also manufactures aggregates-based construction materials such as asphalt and ready-mixed concrete. The company operates a vertically integrated business model that covers quarrying, processing, and sales, enabling it to control the entire supply chain from extraction to delivery. With more than 400 facilities across 22 states and additional regions, Vulcan serves a wide range of customers in the construction industry, from small contractors to large infrastructure projects. Its operations emphasize efficiency and cost control through integration, scale, and geographic reach. The company’s goal is to provide reliable, high-quality building materials to support infrastructure development while maintaining leadership in the market and optimizing the supply chain for cost and delivery performance.

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About Vulcan Materials

Simplify's Rating
Why Vulcan Materials is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Industrial & Manufacturing

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Vestavia Hills, AL

Founded

1909

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What believers are saying

  • Third-quarter 2026 adjusted EBITDA hit $706.7 million despite $120 million energy headwinds.
  • Vulcan raised 2027 pricing expectations to mid- to high-single digits after 5% Q3 gains.
  • Management completed two Q3 bolt-on acquisitions and expects several more before year-end.

What critics are saying

  • Mexico's 2022 military seizure and 2024 protected-area decree threaten Vulcan's foreign cash flows.
  • Q3 2026 revenue fell to $2.185 billion as shipments dropped 3% year over year.
  • Persistent diesel inflation and permitting fights can crush returns if quarry expansions stall.

What makes Vulcan Materials unique

  • Largest U.S. aggregates platform gives Vulcan unmatched quarry density and pricing leverage.
  • Vertical integration from quarry to delivery lowers logistics friction and protects margins.
  • 2026 portfolio shifts into Colorado, Dallas-Fort Worth, Tennessee, and Ohio deepen reserve quality.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Paid Vacation
  • Paid Holidays
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Training and Development

Stock Price

Company News

AggBusiness
Nov 2nd, 2026
Vulcan Materials delivers resilient Q3 while positioning for further growth.

Vulcan Materials delivers resilient Q3 while positioning for further growth. Results said to reflect disciplined execution, effective cost management, and strategic investments to support long-term growth. Reading Time: 3 mins read Vulcan Materials Company delivered a solid third-quarter performance in 2026, demonstrating the strength of its aggregates-focused business model despite persistent energy inflation and a more challenging operating environment. America's largest producer of construction aggregates reports results reflecting disciplined execution, effective cost management, and strategic investments to support long-term growth. Chief Executive Officer Ronnie Pruitt said the company's performance highlighted its ability to remain focused on operational excellence while continuing to expand through carefully selected acquisitions. According to Pruitt, Vulcan's teams maintained a strong emphasis on efficiency, margin protection, and customer service, enabling the company to generate dependable results even as higher energy costs continued to pressure the industry. Third-quarter revenue totalled $2.19 billion, down from $2.29 billion in the same period last year. Net earnings attributable to Vulcan were $362 million, slightly below the $375 million reported a year earlier. Adjusted EBITDA reached $707 million, compared with $735 million in the prior-year quarter. While topline and earnings results were modestly lower, the company maintained a strong Adjusted EBITDA margin of 32.3%, slightly above the 32.1% achieved in the third quarter of 2025. The company's core aggregates business once again proved to be the primary driver of performance. Aggregates shipments totalled 62.7 million tons during the quarter, down 3% from the previous year. Management noted that comparisons were impacted by unusually favourable weather conditions in 2025, which boosted construction activity after a sluggish first half caused by severe winter weather and heavy rainfall. Despite the decline in shipment volumes, Vulcan continued to demonstrate strong pricing power. Freight-adjusted aggregates selling prices increased by 4% on a reported basis to $22.84 per ton, reflecting broad-based pricing gains across the company's operating footprint. Mix-adjusted pricing rose approximately 5%, underscoring the effectiveness of Vulcan's commercial strategy and its ability to capture value in its markets. Operational discipline also helped the company offset significant energy-related cost pressures. Freight-adjusted unit cash costs of sales increased 7%, or $0.72 per ton, largely due to higher diesel fuel expenses. Excluding fuel impacts, cost increases were limited to only 3%, highlighting successful cost-control initiatives. As a result, aggregates cash gross profit per ton increased to $11.95, compared with $11.84 a year ago, while gross profit per ton remained stable at $9.46. The company's asphalt and concrete operations also contributed positively. Non-aggregates gross profit totalled $72 million, with cash gross profit reaching $88 million. Asphalt operations maintained a healthy gross profit margin of 17% despite lower shipment volumes and higher liquid asphalt costs. Concrete profitability improved as gross profit margins expanded to 9%. Results in these businesses were affected by previously completed divestitures, including Vulcan's Houston asphalt and construction operations and certain California concrete assets. Another notable achievement was continued reductions in selling, administrative, and general expenses. Third-quarter SAG expenses declined 6% to $137 million and remained at 6.3% of revenue. On a trailing twelve-month basis, SAG expenses represented 6.9% of revenue, up 30 basis points from the prior year, demonstrating the company's ongoing commitment to efficiency. Vulcan also remained active in capital allocation and growth initiatives. During the quarter, the company invested $174 million in maintenance and growth projects while returning $417 million to shareholders through stock repurchases and dividends. In addition, Vulcan completed two bolt-on acquisitions that strengthened its aggregates footprint in Tennessee and expanded operations into southern Ohio. These transactions align with the company's long-term aggregates-led growth strategy and enhance its presence in attractive construction markets. Financially, Vulcan remains in a strong position. The company's total debt-to-Adjusted EBITDA ratio stood at 2.0 times at quarter-end, within its targeted leverage range. Return on average invested capital reached an impressive 15.9%, reflecting strong profitability and disciplined capital deployment. Looking ahead, management reaffirmed confidence in the business. Vulcan expects to generate approximately $2.4 billion in Adjusted EBITDA for full-year 2026 and anticipates another year of earnings growth in 2027. The company expects demand conditions to remain generally stable while benefiting from mid- to high-single-digit pricing gains, continued operational improvements, and contributions from recent acquisitions. With strong pricing momentum, disciplined execution, and strategic expansion of its aggregates network, Vulcan Materials believes it is well positioned to navigate market uncertainties, generate robust cash flow, and continue delivering value to shareholders in 2027 and beyond.

AggBusiness
Sep 30th, 2026
Vulcan Materials acquires Kentucky quarry from Greystone client Hilltop Stone.

Vulcan Materials acquires Kentucky quarry from Greystone client Hilltop Stone. U.S. building materials major moves for high-quality limestone site serving Greater Cincinnati and Northern Kentucky construction materials market. Reading Time: 2 mins read Vulcan Materials has acquired Butler Quarry from Hilltop Stone, the Greystone Group reports. Image/PRNewsFoto U.S. building materials major Vulcan Materials has acquired Butler Quarry in Pendleton County, Kentucky, from Hilltop Stone, the Greystone Group reports. Greystone Group says its advised Hilltop Stone on the sale of the successful quarry, which has been providing the Greater Cincinnati and Northern Kentucky construction materials market with high-quality limestone products for over 70 years and is one of only a few hard rock quarries in the region. "It was a privilege to represent Hilltop Stone in the successful sale of the Butler Quarry. This transaction represents an important milestone for the company and is a testament to the strength of the underlying business and the value created by the management team over many years. We were pleased to bring our transaction experience and market perspective to the process and help deliver a successful result to our client," said Tim Oitzman, president of Greystone. "When we were approached to divest our northern Kentucky quarry, we turned to Greystone to help guide us through the process. Greystone's extensive M&A experience in the construction materials industry was vital to us achieving our desired outcome in an accelerated timeframe. We are grateful to the employees, customers and vendors that made Hilltop Stone thrive and wish them all the best under Vulcan's ownership," said Kevin Sheehan, president of Hilltop Basic Resources. The financial details of the Butler Quarry sale have not been disclosed.

Metric Media LLC
Sep 28th, 2026
Rep. Sewell leads bipartisan letter urging resolution for Vulcan Materials in Mexico dispute.

Rep. Sewell leads bipartisan letter urging resolution for Vulcan Materials in Mexico dispute. Representative Terri Sewell has led a bipartisan congressional letter urging fair treatment for Birmingham-based Vulcan Materials Company amid ongoing disputes with the Mexican government over property seizures and business operations restrictions. The initiative follows years of diplomatic efforts involving U.S lawmakers concerned about impacts on American businesses operating abroad. 2 days ago Monday, Sept 28 By D. C. Hull U.S. Representative Terri Sewell led a bipartisan letter to Mexican Ambassador Roberto Lazzeri Montaño on Sep. 28, expressing concern and outrage over the Mexican government's treatment of Birmingham-based Vulcan Materials Company and American workers. The letter, co-led by Representatives August Pfluger, Salud Carbajal, and Gary Palmer, calls for fair treatment of Vulcan Materials and Alabama workers in Mexico. "I am proud to lead this bipartisan letter demanding the fair treatment of Vulcan Materials and Alabama workers in Mexico," said Rep. Terri Sewell. "For almost a decade, senior members of the Mexican government have used illegal tactics to intimidate Vulcan Materials and their workers, including a military seizure of Vulcan-owned property in Mexico. I have worked closely with my colleagues in Congress as we pursued all diplomatic and legislative options, including passing the Defending American Property Abroad (DAPA) Act. I will continue to fight for all the workers in my district who have suffered from illegal trade actions by foreign nations." Rep. Pfluger said, "Mexico's seizure of Vulcan Materials is a direct threat to American jobs, economic security, and national security... Even after an international tribunal found that Mexico violated its trade obligations by shutting down part of Vulcan's operations, the Mexican government has continued to target this company." He added that House passage of his Defending American Property Abroad Act sends a message that the United States will not tolerate illegal capture of American assets abroad. "American companies and workers operating abroad deserve to be treated with fairness," said Rep. Carbajal. "The actions taken against Vulcan Materials are unacceptable and a clear violation of international trade norms." Rep. Palmer also said that no American company should face property seizures or threats from foreign governments acting outside legal frameworks. According to background provided with the letter, on May 5, 2022, the Mexican government shut down Vulcan's operations using military force; another occupation occurred in March 2023 reportedly benefiting CEMEX - a private Mexican company - and on September 23, 2024, President López Obrador decreed the property as a Naturally Protected Area (NPA), preventing further productive use by Vulcan while criminal charges are now being used as grounds for potential asset seizure. Earlier this year Sewell helped pass the DAPA Act through the House; she previously led Alabama's House delegation in writing to Mexico's Foreign Relations Secretary Alicia Bárcena about these issues. Terri Sewell is currently serving in Congress representing Alabama's 7th District since replacing Artur Davis in 2011; she was born in Huntsville but lives in Birmingham now after earning degrees from Princeton University (BA), St Hilda's College at Oxford (MA), and Harvard University (JD), according to her official office.

Yahoo Finance
Sep 11th, 2026
Vulcan Materials falls 24% from 52-week high amid weak construction demand

Vulcan Materials Company (VMC), the largest US producer of construction aggregates, has declined 24.3% from its 52-week high of $331.09 reached on 10 February. The Birmingham, Alabama-based company, valued at $32.5 billion, has fallen 11.5% year-to-date and 16.3% over the past year, underperforming the S&P 500's gains of 10.9% and 16.2% respectively. The underperformance stems from elevated valuations and weak private construction demand due to high interest rates. Whilst public infrastructure funding has provided support, soft residential and commercial activity has constrained volume growth. Rising diesel and energy costs, combined with weather disruptions, have further squeezed margins despite price increases. In July, VMC reported second-quarter adjusted earnings per share of $2.59, beating expectations of $2.50, with revenue of $2.2 billion matching forecasts.

The Voice of Blythewood & Fairfield County
Sep 3rd, 2026
Vulcan requests permit to expand Fairfield Quarry.

Vulcan requests permit to expand Fairfield Quarry. * By Barbara Ball * / * September 3, 2026 SCDES could hold public meeting if public interest is significant. FAIRFIELD COUNTY - Vulcan Construction Materials, LLC is requesting state approval to expand its Fairfield County granite quarry, including adding land to the permitted site, increasing the size of the mining pit and relocating its processing plant. According to a public notice issued by the South Carolina Department of Environmental Services (SCDES), Vulcan has applied to modify its existing mine operating permit for the Fairfield Quarry, located on State Road S-20-41, also known as Old River Road, approximately 6.75 miles northeast of Winnsboro, and on the east side of I-77. The property is identified as TMS# 110-00-00-004 and 111-00-00-039. The proposed permit modification would allow Vulcan to add land to the quarry's permitted acreage, increase the pit area, move the processing plant, and add an overburden storage area, according to the Sept. 3 public notice. Vulcan has also submitted a reclamation plan that calls for restoring the site to a lake and grasslands after mining operations end. SCDES is conducting a technical review of the application and related documents and will accept written public comments through Sept. 25, 2026. According to the notice, public comments may affect the agency's decision by providing additional information for consideration and could also be used in determining specific terms and conditions Vulcan would be required to follow if the permit modification is approved. SCDES could hold a public meeting if there is a significant amount of public interest in the proposed expansion. The proposed expansion comes about seven years after Vulcan's plans for the quarry drew opposition from residents living near the site. When the company announced plans in 2019 for what was then described as an $18 million granite quarry, nearby property owners appeared before Fairfield County Council to raise concerns about dust, noise, blasting, groundwater and the possible effect of the operation on their homes and property. At that time, Vulcan said that of its 909.7-acre property along I-77, only 127.7 acres, or about 14 percent, would be mined. The company said the remaining 86 percent would be left unmined for setbacks, buffers, natural landscape and wildlife habitat. Vulcan Mum on Additional Acreage The current public notice does not state how many additional acres Vulcan is seeking to add to the permitted mining area or how much larger the pit would become. During the original permitting process, Rob Black, whose family had lived on property along Hwy 21 for 90 years, told council that nearby residents were concerned about noise from drilling, blasting and rock crushing, as well as dust generated by the operation. "We worry about what Vulcan isn't telling us," Black said at the time. His wife, Michelle Black, said residents were concerned not only about periodic blasting but the continuing operations necessary to prepare for blasting and process the rock. "It's not the blasting that will be the largest source of noise and disturbance," she said. "It's the constant drilling of the blasting holes and the crushers running constantly." Water was also a major concern for residents because many homes in the area depended on wells. Property owner David Ray told council in 2019 that the quarry would be located near Horse Creek branch, which flows into Little Wateree Creek. "While we're concerned about the dust and the noise that the quarry will create, our water is our main issue," Ray said. "There's no county water out there. You think about losing your water. If we lose our well water, we're out of water." Another nearby resident, Kevin Thomas, questioned whether the economic benefits of the quarry outweighed its potential impact on neighboring properties. "We have great concerns about the potential loss of our water wells and the dust and noise of blasting that will risk the destabilization of the foundations of our homes that come with any quarry," Thomas told council. Vulcan officials defended the project at the time. Elliott Botzis, then vice president and general manager for Vulcan Materials in South Carolina, said in a statement to The Voice that the Fairfield quarry would provide building materials for homes, businesses and infrastructure while creating jobs and generating tax revenue. The quarry was also proposed near Fairfield County's 1,500-acre industrial megasite, another issue raised by residents during the initial permitting process. Then-County Council Chairman Neil Robinson said in 2019 that because the property was already zoned for the proposed use, the county had limited ability to directly affect the project. He nevertheless said residents needed an opportunity to have their questions answered. "Our citizens need to have a voice in this," Robinson said at the time. Residents will now have another opportunity to weigh in as SCDES considers Vulcan's request to expand the quarry. Written comments on the permit modification will be accepted through Sept. 25. The public notice lists SCDES contact Colby G. Myers at (803) 898-3079 or [email protected] for questions or assistance.

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