Vulcan Tops Q3, Reiterates 2025 EBITDA Guidance

Vulcan Materials topped third-quarter 2025 expectations, reporting adjusted EPS of $2.84, revenue of $2.29 billion and net income of $374.9 million, driven by stronger pricing, higher shipments and operational execution. Its aggregates business led the quarter, with shipments rising about 12% to roughly 64.7 million tons, aggregates revenue of about $1.79 billion and aggregates gross profit of $612.1 million, which expanded margins. Management cited favorable public construction activity and weather as tailwinds and said it expects continued strength in public construction and an improving private nonresidential outlook into 2026. Vulcan reiterated 2025 adjusted EBITDA guidance of $2.35–$2.45 billion and now anticipates mid‑single‑digit shipment growth despite tariff-related and macro uncertainties. Shares pared gains in premarket trading (slipping about 3.5%), and analysts note the company remains well positioned to benefit from multi‑year federal infrastructure funding, with public‑sector projects accounting for roughly 40% of shipments.