Vulcan Materials Reports Strong Q1 2025 Earnings, Reaffirms Full-Year Guidance

VMC
October 06, 2025

Vulcan Materials Company announced strong first-quarter 2025 results on April 30, 2025, with Adjusted EBITDA increasing 27% to $411 million and Adjusted EBITDA margin expanding 420 basis points to 25.1% over the prior year. Net earnings attributable to Vulcan rose 25.5% to $129 million, or $0.97 per diluted share, while adjusted diluted EPS reached $1.00, up from $0.80 in Q1 2024.

The aggregates segment continued to drive profitability, with cash gross profit per ton improving 20% to $10.63 per ton, marking the ninth consecutive quarter of double-digit compounding improvement. This was achieved through a 7% increase in freight-adjusted selling prices to $22.03 per ton, despite a 1% decrease in aggregates shipments, partially offset by contributions from recent acquisitions.

Total revenues for the quarter increased 5.8% to $1,635 million. The company also demonstrated strong financial discipline by redeeming $400 million of its 2025 notes, maintaining a healthy total debt to trailing-twelve months Adjusted EBITDA ratio of 2.3 times. Management reiterated its full-year 2025 Adjusted EBITDA guidance of $2.35 billion to $2.55 billion, signaling confidence in continued earnings growth and operational execution.

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