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Vulcan to Report Q3 Earnings: Here's What to Expect This Season
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Key Takeaways
Vulcan is set to report Q3 earnings on Oct. 29, with EPS projected to be $2.86 and revenues at $2.26 billion.
Strong infrastructure demand and favorable pricing may lift VMC's Aggregates revenues 5.3% year over year.
Higher diesel and asphalt costs and weak residential demand may pressure VMC's Q3 margins and profitability.
Vulcan Materials Company (VMC - Free Report) is scheduled to release its third-quarter 2026 financial results on Oct. 29, before the opening bell. The company is expected to report mixed quarterly results, as healthy aggregates pricing, infrastructure spending and operational efficiencies are likely to have supported performance, while elevated diesel costs and subdued residential construction activity may have weighed on profitability.
In the last reported quarter, the company’s adjusted earnings per share (EPS) and revenues topped the Zacks Consensus Estimate by 3.6% and 0.04%, respectively. Adjusted EPS increased 5.7% from the year-ago quarter’s adjusted earnings of $2.45 per share. Quarterly revenues were $2.16 billion, up 2.5% year over year.
Vulcan’s earnings topped the consensus mark in three of the last four quarters and missed on the remaining occasion, with an average surprise of 2.5%.
How Are Estimates Placed for VMC Stock?
The Zacks Consensus Estimate for third-quarter EPS has declined to $2.86 from $3.00 over the past 30 days. However, the estimated figure reflects an improvement of 0.7% from the year-ago quarter.
The consensus estimate for total revenues is pegged at $2.26 billion, indicating a 1.3% year-over-year decline.
Vulcan's third-quarter revenues are likely to have benefited from continued public construction activity, particularly highway and infrastructure projects. Strong demand from data centers, power infrastructure, liquefied natural gas facilities and manufacturing projects is expected to have supported aggregates shipments.
However, persistently weak residential construction activity, owing to affordability challenges, might have partially offset these gains.
Aggregates Pricing to Drive Segmental Growth
The Aggregates segment, which accounted for approximately 81.8% of total revenues in second-quarter 2026, is expected to have benefited from favorable pricing and modest shipment growth. Management anticipates full-year freight-adjusted aggregates pricing growth of 4-6%, with pricing accelerating toward the higher end of this range by year-end. The Zacks Consensus Estimate for revenues from the Aggregates is pegged at $1.89 billion, reflecting year-over-year growth of 5.3%.
The Asphalt and Concrete segments contributed approximately 15.3% and 8.7%, respectively, to second-quarter total revenues. Elevated liquid asphalt costs and the California concrete divestiture might have weighed on their third-quarter performances. The consensus mark for Asphalt and Concrete segments' revenues is pegged at $395 million and $105 million, respectively, indicating a 5% and 55.9% downturn year over year.
Energy Inflation Likely to Pressure VMC's Margins
Elevated diesel expenses are expected to have constrained third-quarter gross margins year over year. Nonetheless, operating efficiencies, disciplined labor scheduling and cost-control initiatives are likely to have partially mitigated inflationary pressures. Management anticipates improvement in pricing relative to cost inflation toward year-end.
Overall, VMC's third-quarter results are expected to reflect resilient pricing and relatively stable earnings despite softer shipments and rising fuel costs. Strong public infrastructure demand and operating efficiencies remain favorable, though cost inflation and residential market weakness could limit near-term upside.
The Zacks Consensus Estimate for gross profit from the Aggregates business segment is pegged at $627 million, reflecting year-over-year growth from $612 million. However, the consensus mark for gross profit from the Asphalt and Concrete business segments reflects year-over-year declines of 21.1% to $56 million and 38.7% to $8.64 million, respectively.
What the Zacks Model Unveils for VMC
Our proven model does not predict an earnings beat for Vulcan this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, it is not the case this time around.
VMC's Earnings ESP: The company has an Earnings ESP of -3.41%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
VMC's Zacks Rank: The stock currently carries a Zacks Rank of 4 (Sell).
Stocks Poised to Beat Earnings
Here are some companies in the Zacks Construction sector, which according to our model, have the right combination of elements to post an earnings beat.
Sterling’s earnings beat estimates in each of the last four quarters, the average surprise being 27.2%. The company’s earnings for the third quarter of 2026 are expected to grow 74.4% year over year.
AAON, Inc. (AAON - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3.
AAON’s earnings beat estimates in three of the last four quarters and missed on the remaining occasion, the average surprise being 21.6%. The company’s earnings for the third quarter of 2026 are expected to increase 54.1% year over year.
Argan, Inc. (AGX - Free Report) has an Earnings ESP of +4.79% and a Zacks Rank of 3.
Argan’s earnings beat estimates in each of the last four quarters, the average surprise being 44.2%. The company’s earnings for the third quarter of fiscal 2027 are expected to increase 53.9% year over year.
View the Zacks #1 Rank List
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Vulcan to Report Q3 Earnings: Here's What to Expect This Season
Key Takeaways
Vulcan Materials Company (VMC - Free Report) is scheduled to release its third-quarter 2026 financial results on Oct. 29, before the opening bell. The company is expected to report mixed quarterly results, as healthy aggregates pricing, infrastructure spending and operational efficiencies are likely to have supported performance, while elevated diesel costs and subdued residential construction activity may have weighed on profitability.
In the last reported quarter, the company’s adjusted earnings per share (EPS) and revenues topped the Zacks Consensus Estimate by 3.6% and 0.04%, respectively. Adjusted EPS increased 5.7% from the year-ago quarter’s adjusted earnings of $2.45 per share. Quarterly revenues were $2.16 billion, up 2.5% year over year.
Vulcan’s earnings topped the consensus mark in three of the last four quarters and missed on the remaining occasion, with an average surprise of 2.5%.
How Are Estimates Placed for VMC Stock?
The Zacks Consensus Estimate for third-quarter EPS has declined to $2.86 from $3.00 over the past 30 days. However, the estimated figure reflects an improvement of 0.7% from the year-ago quarter.
The consensus estimate for total revenues is pegged at $2.26 billion, indicating a 1.3% year-over-year decline.
Vulcan Materials Company Price and EPS Surprise
Vulcan Materials Company price-eps-surprise | Vulcan Materials Company Quote
VMC's Revenues to Gain From Infrastructure Demand
Vulcan's third-quarter revenues are likely to have benefited from continued public construction activity, particularly highway and infrastructure projects. Strong demand from data centers, power infrastructure, liquefied natural gas facilities and manufacturing projects is expected to have supported aggregates shipments.
However, persistently weak residential construction activity, owing to affordability challenges, might have partially offset these gains.
Aggregates Pricing to Drive Segmental Growth
The Aggregates segment, which accounted for approximately 81.8% of total revenues in second-quarter 2026, is expected to have benefited from favorable pricing and modest shipment growth. Management anticipates full-year freight-adjusted aggregates pricing growth of 4-6%, with pricing accelerating toward the higher end of this range by year-end. The Zacks Consensus Estimate for revenues from the Aggregates is pegged at $1.89 billion, reflecting year-over-year growth of 5.3%.
The Asphalt and Concrete segments contributed approximately 15.3% and 8.7%, respectively, to second-quarter total revenues. Elevated liquid asphalt costs and the California concrete divestiture might have weighed on their third-quarter performances. The consensus mark for Asphalt and Concrete segments' revenues is pegged at $395 million and $105 million, respectively, indicating a 5% and 55.9% downturn year over year.
Energy Inflation Likely to Pressure VMC's Margins
Elevated diesel expenses are expected to have constrained third-quarter gross margins year over year. Nonetheless, operating efficiencies, disciplined labor scheduling and cost-control initiatives are likely to have partially mitigated inflationary pressures. Management anticipates improvement in pricing relative to cost inflation toward year-end.
Overall, VMC's third-quarter results are expected to reflect resilient pricing and relatively stable earnings despite softer shipments and rising fuel costs. Strong public infrastructure demand and operating efficiencies remain favorable, though cost inflation and residential market weakness could limit near-term upside.
The Zacks Consensus Estimate for gross profit from the Aggregates business segment is pegged at $627 million, reflecting year-over-year growth from $612 million. However, the consensus mark for gross profit from the Asphalt and Concrete business segments reflects year-over-year declines of 21.1% to $56 million and 38.7% to $8.64 million, respectively.
What the Zacks Model Unveils for VMC
Our proven model does not predict an earnings beat for Vulcan this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, it is not the case this time around.
VMC's Earnings ESP: The company has an Earnings ESP of -3.41%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
VMC's Zacks Rank: The stock currently carries a Zacks Rank of 4 (Sell).
Stocks Poised to Beat Earnings
Here are some companies in the Zacks Construction sector, which according to our model, have the right combination of elements to post an earnings beat.
Sterling Infrastructure, Inc. (STRL - Free Report) has an Earnings ESP of +0.80% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sterling’s earnings beat estimates in each of the last four quarters, the average surprise being 27.2%. The company’s earnings for the third quarter of 2026 are expected to grow 74.4% year over year.
AAON, Inc. (AAON - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3.
AAON’s earnings beat estimates in three of the last four quarters and missed on the remaining occasion, the average surprise being 21.6%. The company’s earnings for the third quarter of 2026 are expected to increase 54.1% year over year.
Argan, Inc. (AGX - Free Report) has an Earnings ESP of +4.79% and a Zacks Rank of 3.
Argan’s earnings beat estimates in each of the last four quarters, the average surprise being 44.2%. The company’s earnings for the third quarter of fiscal 2027 are expected to increase 53.9% year over year.