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Vulcan Materials 8-K Report, Financial Results (Jul 31, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 31, 2025
Period End
July 31, 2025
Security
VMC
In the record · 2016–202610-K1110-Q338-K128

VMC filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 128 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Feb ’18Feb ’18
  2. Material agreement8-K · Apr ’20Apr ’20
  3. Leadership change8-K · Jul ’22Jul ’22
  4. Leadership change8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed July 31, 2025. Cited figures are marked; the original filing is the authoritative source.

Vulcan Materials Company (NYSE: VMC) furnished a press release with its second quarter 2025 results, reporting for the quarter ended June 30, 2025.

Second-quarter total revenues were $2,102.4 milliona versus $2,014.4 million a year earlier, gross profit was $625.2 million, and net earnings attributable to Vulcan were $320.9 million. Adjusted EBITDA rose to $659.5 million from $603.1 million, with Adjusted EBITDA margin of 31.4 percent against 29.9 percent. Diluted earnings per share from continuing operations were $2.43 versus $2.33, and adjusted diluted EPS was $2.45 versus $2.35.

The Aggregates segment drove the results. Segment gross profit was $559.5 millionb ($9.44 per ton) with a 33.9 percent gross margin, and cash gross profit per ton rose 9 percent to $11.88. Shipments fell 1 percent to 59.3 million tons because of significant rainfall in Southeastern markets, while freight-adjusted sales prices increased 5 percent (8 percent on a mix-adjusted basis).

Asphalt and Concrete also reported higher unit cash gross profit, with concrete benefiting mainly from acquired operations. Management reaffirmed its full-year outlook for Adjusted EBITDA of $2.35 to $2.55 billionc.

The company reported total debt of $4,909.7 milliond at June 30, 2025, a total debt to trailing-twelve-month Adjusted EBITDA ratio of 2.2 times (2.1 times net of cash), within its 2.0 to 2.5 times target range, and a trailing-twelve-month return on invested capital of 15.9 percent. Second-quarter dividends totaled $65 million.

02—Key points

Key Highlights

  1. Second-quarter total revenues of $2,102.4 million, up from $2,014.4 million in the prior-year quarter.
  2. Adjusted EBITDA of $659.5 million, up from $603.1 million, with Adjusted EBITDA margin of 31.4 percent versus 29.9 percent.
  3. Diluted EPS from continuing operations of $2.43 versus $2.33; adjusted diluted EPS of $2.45 versus $2.35.
  4. Aggregates cash gross profit per ton rose 9 percent to $11.88, while shipments decreased 1 percent to 59.3 million tons due to rainfall.
  5. Freight-adjusted aggregates sales price increased 5 percent (8 percent mix-adjusted) to $22.11 per ton.
  6. Full-year 2025 Adjusted EBITDA outlook of $2.35 to $2.55 billion was reaffirmed.
  7. Total debt to trailing-twelve-month Adjusted EBITDA of 2.2 times, within the 2.0 to 2.5 times target range; ROIC of 15.9 percent.

03—Questions

Frequently Asked Questions

  1. How did Vulcan perform in the second quarter of 2025?

    Total revenues rose to $2,102.4 million from $2,014.4 million, gross profit increased to $625.2 million from $592.2 million, and net earnings attributable to Vulcan were $320.9 million compared with $308.0 million. Adjusted EBITDA reached $659.5 million, up from $603.1 million.

  2. What drove the results in the Aggregates business?

    Pricing discipline and cost performance were the main drivers. Freight-adjusted sales prices increased 5 percent, and cash gross profit per ton rose 9 percent to $11.88. Shipments declined 1 percent, to 59.3 million tons, in part because of significant rainfall in key Southeastern markets.

  3. What is Vulcan's full-year 2025 guidance?

    Management reaffirmed its outlook to deliver Adjusted EBITDA of $2.35 to $2.55 billion for 2025. The company credited first-half execution and an acceleration in new highway construction activity in its markets.

  4. How is Vulcan's leverage and capital allocation position?

    As of June 30, 2025, total debt was $4,909.7 million, a ratio of 2.2 times trailing-twelve-month Adjusted EBITDA (2.1 times net debt basis), within the 2.0 to 2.5 times target range. Second-quarter capital expenditures were $102 million, and dividends returned $65 million to shareholders, a 6 percent increase versus the prior year.

04—Continue

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