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VMC · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 2.5% y/y to $2.16B, operating margin 21.1% vs 22.4%, net income $323M (+0.8% y/y).
Net earnings attributable to Vulcan
$323M
up 0.8% y/y
Total revenues
$2,156M
up 2.5% y/y
Operating earnings
$456M
down 3.3% y/y
Gross profit
$626M
up 0.0% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $2,156 · +2.5% |
| Cost of revenues | $1,530 · +3.6% |
| Gross profit | $626 · +0.0% · 29.0% margin |
| Selling, administrative and general expenses | $141 · −2.2% |
| Gain (loss) on sale of property, plant & equipment and businesses | $11.3 · vs −$1.2 |
| Other operating expense, net | $17.4 · +59.6% |
| Operating earnings | $456 · −3.3% · 21.1% margin |
| Other nonoperating income (expense), net | $3.7 · +54.2% |
| Interest expense, net | $54.7 · −7.6% |
| Earnings from continuing operations before income taxes | $405 · −2.3% |
| Income tax expense | $81.4 · −10.8% · 20.1% effective rate |
| Gain (loss) on discontinued operations, net of tax | $1.2 · vs −$2.1 |
| Earnings) loss attributable to noncontrolling interest | $0.9 · vs −$0.1 |
| Net earnings attributable to Vulcan | $323 · +0.8% · 15.0% margin |
Verdict: revenue grew 2.5% y/y to $2.16B, operating margin 21.1% vs 22.4%, net income $323M (+0.8% y/y).
Adjusted EBITDA was $654 million vs $660 million a year earlier.
Source and notation
Source: Vulcan Materials press release, 8-K EX-99.1 of 07/29/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: VMC, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “VMC Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/vmc/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/vmc/q2-2026"><img src="https://whoreportstoday.com/t/vmc/q2-2026/sankey.png" alt="VMC Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/vmc/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/vmc/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/vmc/q2-2026">VMC Q2 2026 earnings chart (Who Reports Today)</a>
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- Aggregates shipments were 59.9 million tons vs 59.3 million, and the freight-adjusted sales price was $22.97 per ton vs $22.11.
- Gross margin was 29.0% vs 29.7% a year earlier.
- Operating income was $456M, a 21.1% margin vs 22.4% a year earlier.
- The effective tax rate was 20.1% vs 22.0% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
VMC — a producer of construction aggregates (crushed stone, sand and gravel) that also makes asphalt mix and ready-mixed concrete, used mainly in US infrastructure, residential and nonresidential construction.
It reports three segments organized by product line: Aggregates, Asphalt and Concrete. · Source: annual report (Form 10-K, SEC)
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