$VMC

Vulcan Materials CO

CIK:0001396009|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Total revenues	$ 2,155.8	$ 2,102.4	$ 3,911.7	$ 3,737.0
Cost of revenues	(1,530.3)	(1,477.2)	(2,863.5)	(2,746.5)
Gross profit	625.5	625.2	1,048.2	990.5
Selling, administrative and general expenses	(141.3)	(144.5)	(277.1)	(282.7)
Gain (loss) on sale of property, plant & equipment and businesses	(11.3)	1.2	(11.6)	8.6
Other operating expense, net	(17.4)	(10.9)	(38.6)	(19.0)
Operating earnings	455.5	471.0	720.9	697.4
Other nonoperating income (expense), net	3.7	2.4	5.1	(0.2)
Interest expense, net	(54.7)	(59.2)	(108.6)	(118.9)
Earnings from continuing operations before income taxes	404.5	414.2	617.4	578.3
Income tax expense	(81.4)	(91.3)	(127.2)	(125.0)
Earnings from continuing operations	323.1	322.9	490.2	453.3
Gain (loss) on discontinued operations, net of tax	1.2	(2.1)	0.1	(3.1)
Net earnings	324.3	320.8	490.3	450.2
(Earnings) loss attributable to noncontrolling interest	(0.9)	0.1	(1.4)	(0.4)
Net earnings attributable to Vulcan	323.4	320.9	488.9	449.8
Other comprehensive income, net of tax
Amortization of accumulated cash flow hedge losses	0.4	0.4	0.9	0.9
Amortization of accumulated benefit plan costs	1.1	1.1	2.0	2.0
Other comprehensive income	1.5	1.5	2.9	2.9
Comprehensive income	325.8	322.3	493.2	453.1
Comprehensive (earnings) loss attributable to noncontrolling interest	(0.9)	0.1	(1.4)	(0.4)
Comprehensive income attributable to Vulcan	$ 324.9	$ 322.4	$ 491.8	$ 452.7
Basic earnings (loss) per share attributable to Vulcan
Continuing operations (in usd per share)	$ 2.48	$ 2.44	$ 3.75	$ 3.42
Discontinued operations (in usd per share)	0.01	(0.01)	0.00	(0.02)
Net earnings (in usd per share)	2.49	2.43	3.75	3.40
Diluted earnings (loss) per share attributable to Vulcan
Continuing operations (in usd per share)	2.47	2.43	3.74	3.41
Discontinued operations (in usd per share)	0.01	(0.01)	0.00	(0.03)
Net earnings (in usd per share)	$ 2.48	$ 2.42	$ 3.74	$ 3.38
Weighted-average common shares outstanding
Basic (in shares)	129.8	132.2	130.2	132.3
Assuming dilution (in shares)	130.3	132.9	130.8	132.9
Effective tax rate from continuing operations	20.10%	22.00%	20.60%	21.60%

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net earnings	$ 490.3	$ 450.2
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation, depletion, accretion and amortization	347.8	371.8
Noncash operating lease expense	26.9	26.7
Net (gain) loss on sale of property, plant & equipment and businesses	11.6	(8.6)
Contributions to pension plans	(4.2)	(3.4)
Share-based compensation expense	24.7	33.0
Deferred income taxes, net	(68.2)	(11.3)
Changes in assets and liabilities before initial effects of business acquisitions and dispositions	(254.1)	(273.0)
Other, net	9.8	7.8
Net cash provided by operating activities	584.6	593.2
Investing Activities
Purchases of property, plant & equipment	(370.4)	(270.9)
Proceeds from sale of property, plant & equipment	18.1	19.2
Proceeds from sale of businesses	572.1	19.0
Payment for businesses acquired, net of acquired cash	(75.0)	(5.2)
Other, net	(0.0)	1.0
Net cash provided by (used for) investing activities	144.8	(236.9)
Financing Activities
Payment of short-term debt and other financing obligations	(50.0)	(0.0)
Payment of current maturities and long-term debt	(0.3)	(400.4)
Payment of finance leases	(4.9)	(5.8)
Purchases of common stock	(399.8)	(38.1)
Dividends paid	(135.4)	(130.7)
Share-based compensation, shares withheld for taxes	(38.3)	(29.3)
Distribution to noncontrolling interest	(1.4)	(1.5)
Other, net	0.0	(0.3)
Net cash used for financing activities	(630.1)	(606.1)
Net increase (decrease) in cash and cash equivalents and restricted cash	99.3	(249.8)
Cash and cash equivalents and restricted cash at beginning of year	189.4	600.8
Cash and cash equivalents and restricted cash at end of period	$ 288.7	$ 351.0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Assets
Cash and cash equivalents	$ 194.2	$ 183.3	$ 347.4
Restricted cash	94.5	6.1	3.6
Accounts and notes receivable, net	1,100.3	887.7	1,078.9
Inventories	688.7	680.5	725.5
Other current assets	86.3	101.8	88.1
Assets held for sale	0.0	708.5	0.0
Total current assets	2,164.0	2,567.9	2,243.5
Investments and long-term receivables	174.0	33.7	32.9
Property, plant & equipment, net	8,171.8	8,148.6	8,336.8
Operating lease right-of-use assets, net	523.4	521.5	546.1
Goodwill	3,780.9	3,780.9	3,831.8
Other intangible assets, net	1,438.5	1,489.0	1,831.6
Other noncurrent assets	189.4	158.8	152.0
Total assets	16,442.0	16,700.4	16,974.7
Liabilities
Current maturities of long-term debt	400.0	0.4	0.5
Total short-term debt	0.0	0.0	550.0
Trade payables and accruals	382.3	438.5	383.5
Other current liabilities	449.0	487.9	407.9
Liabilities held for sale	0.0	29.3	0.0
Total current liabilities	1,231.3	956.1	1,341.9
Long-term debt	3,964.3	4,361.7	4,359.2
Deferred income taxes, net	1,290.5	1,358.3	1,323.6
Deferred revenue	127.0	130.6	134.3
Noncurrent operating lease liabilities	521.2	522.6	536.1
Other noncurrent liabilities	819.1	822.2	849.9
Total liabilities	7,953.4	8,151.5	8,545.0
Other commitments and contingencies (Note 8)
Equity
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 129.4 , 130.6 and 132.0 shares, respectively	129.4	130.6	132.0
Capital in excess of par value	2,916.1	2,930.0	2,904.5
Retained earnings	5,541.9	5,590.1	5,494.9
Accumulated other comprehensive loss	(122.7)	(125.6)	(124.5)
Total shareholders' equity	8,464.7	8,525.1	8,406.9
Noncontrolling interest	23.9	23.8	22.8
Total equity	8,488.6	8,548.9	8,429.7
Total liabilities and equity	$ 16,442.0	$ 16,700.4	$ 16,974.7