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Mar 31

Vulcan Materials Q1 2025 Earnings Report

Vulcan Materials reported strong Q1 2025 results with expanded margins and increased profitability despite slightly lower volumes.

Key Takeaways

Vulcan delivered solid performance in Q1 2025 driven by pricing strength, improved unit profitability, and disciplined cost management, resulting in higher earnings and reaffirmed full-year guidance.

Total Revenue
$1.63B
Previous year: $1.55B
+5.8%
EPS
$1
Previous year: $0.8
+25.0%
Aggregates Tons Shipped
47.8M
Previous year: 48.1M
-0.6%
Aggregates Avg Price
$22
Previous year: $20.6
+7.0%
Asphalt Mix Tons
2.2M
Previous year: 2.1M
+4.8%
Gross Profit
$365M
Previous year: $305M
+19.8%
Cash and Equivalents
$181M
Previous year: $292M
-38.0%
Total Assets
$16.7B
Previous year: $13.9B
+20.1%

Vulcan Materials

Vulcan Materials

Vulcan Materials Revenue by Segment

Forward Guidance

Vulcan reaffirmed its full-year outlook with confidence in achieving $2.35 to $2.55 billion in Adjusted EBITDA, emphasizing strong execution and operational discipline.

Positive Outlook

  • Adjusted EBITDA margin improved significantly year-over-year.
  • Strong pricing power across all segments.
  • Aggregates cash gross profit per ton increased 20%.
  • Concrete and Asphalt segments showed volume and price gains.
  • Operational efficiencies helped lower unit cost of sales.

Challenges Ahead

  • Aggregates shipments declined by 1% year-over-year.
  • Weather disruptions affected February shipments.
  • Slight decrease in cash and cash equivalents from previous quarter.
  • Continued macroeconomic uncertainties impacting demand.
  • Pressure from interest rate and trade policy volatility remains.

Revenue & Expenses

Visualization of income flow from segment revenue to net income