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Vulcan Materials 8-K Report, Regulation FD Disclosure (Mar 12, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed March 12, 2026
Period End
March 12, 2026
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 · May ’17May ’17
  2. Leadership change8-K · Sep ’19Sep ’19
  3. Deal closed8-K · Aug ’21Aug ’21
  4. Leadership change8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed March 12, 2026. Cited figures are marked; the original filing is the authoritative source.

Vulcan Materials Company (VMC) furnished a slide presentation from its March 12, 2026 Investor Day, titled "Winning the Future in Aggregates," as Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure).

The filing is furnished rather than filed for purposes of Section 18 of the Exchange Act. The presentation positions Vulcan as the most aggregates-focused U.S. public company, with 425 aggregates operations in 23 states, 16.6 billion tons of permitted aggregates reserves (more than 70 years), 227 million tons shipped, $7.9 billiona in revenue, $2.3 billion in Adjusted EBITDA, and $11.33 per ton Cash Gross Profit, all as of December 31, 2025. Aggregates accounted for 90% of reported gross profit over the 20-year average.

Management highlighted that aggregates cash gross profit per ton reached the $11b-12 target set at the 2022 Investor Day, and presented a long-term target of $20 per ton at 260-270 million tons. The presentation shows a 2026 EBITDA guidance midpoint of $4.5 to $5.0 billion, with growth drivers including volume, downstream products and SG&A discipline, alongside M&A and greenfield expansion. Since 2022, the company reports $3 billion invested in acquisitions and $1.5 billion in divestment proceeds, including the pending divestiture of its California ready-mixed concrete business, which is expected to close in the second quarter of 2026.

For investors, the presentation frames the company's outlook around operational efficiency (Process Intelligence, plant utilization), commercial execution (Vulcan Way of Selling), a pipeline of 17 greenfield projects, and public infrastructure and data-center demand. It also reports capital returns of $1.44 billionc in share repurchases and $707 million in dividends over 2023-2025, and a Net Debt to Adjusted EBITDA ratio of 1.8x. The 8-K itself contains only the cover disclosure; the detailed figures come from the attached slides.

02—Key points

Key Highlights

  1. Investor Day presentation furnished as Exhibit 99.1 under Item 7.01 (Regulation FD), not deemed filed under Exchange Act Section 18.
  2. Cash gross profit per ton for aggregates reached the $11-12 target set at the 2022 Investor Day; long-term target is $20 per ton at 260-270 million tons.
  3. 2026 Adjusted EBITDA guidance midpoint presented as $4.5 to $5.0 billion, with 2X EBITDA potential at target.
  4. Scale as of December 31, 2025: 425 aggregates operations in 23 states, 16.6 billion tons of permitted reserves, $7.9 billion revenue, $2.3 billion Adjusted EBITDA.
  5. Since 2022, $3 billion invested in acquisitions and $1.5 billion in divestment proceeds, including the pending sale of the California ready-mixed concrete business expected to close in 2Q 2026.
  6. Pipeline of 17 greenfield projects underway (5 in build-out, 12 in permitting), with an attractive return profile within the first three years after opening.
  7. Balance sheet: 1.8x Net Debt to Adjusted EBITDA, 5.0% weighted average interest rate, and 13.7-year average debt maturity as of December 31, 2025.

03—Questions

Frequently Asked Questions

  1. What did Vulcan Materials disclose in this 8-K?

    The company furnished its Investor Day slide presentation, "Winning the Future in Aggregates," dated March 12, 2026, as Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure). The filing itself contains only the cover disclosure, with the substantive content in the slides.

  2. What financial targets did management present?

    Management presented a long-term aggregates cash gross profit target of $20 per ton at 260-270 million tons, following the $11-12 per ton target from the 2022 Investor Day, which it says has been reached. The slides also show a 2026 EBITDA guidance midpoint of $4.5 to $5.0 billion.

  3. How is Vulcan positioned in the aggregates market?

    The presentation describes Vulcan as the most aggregates-focused U.S. public company, with aggregates representing 90% of reported gross profit (20-year average). It states that 90% of revenue comes from markets where it holds a #1 or #2 aggregates position.

  4. What portfolio changes have occurred since 2022?

    Since 2022, the company reports divesting 149 ready-mix operations, 8 asphalt plants and 3 non-strategic aggregates locations, adding 7 greenfields and 13 acquisitions including 36 aggregates operations. The California ready-mixed concrete divestiture is pending and expected to close in 2Q 2026.

  5. How is Vulcan returning capital to shareholders?

    The presentation shows total capital returns of $1.44 billion over 2023-2025, including $707 million in dividends and share repurchases, compared with $1.064 billion over 2018-2022 in total capital returns. It describes a steadily growing dividend and accelerating share repurchases.

04—Continue

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