Vulcan Materials (VMC) official guidance

We continue to expect between $750 million and $800 million of capital expenditures for the full year.

Consistent with our initial plans for 2025, we plan to reinvest in our franchise through operating and maintenance and internal growth capital expenditures of $750 million-$800 million in 2026.

Capital spending for maintenance and growth projects of $750 to $800 million

Mr. Pruitt continued, “As we look to 2027, our execution and ongoing portfolio expansion set the stage for another year of earnings growth.  We anticipate a continuation of the current demand environment next year and expect to continue expanding aggregates cash gross profit per ton with mid- to high- single digit pricing gains through execution of the Vulcan Way of Selling and cost benefits from the Vulcan Way of Operating.

Backed by our operational and commercial discipline, we expect to deliver approximately $2.4 billion in Adjusted EBITDA for the full year.

With a continued expectation of modest growth in aggregate shipments in 2026, a healthy pricing environment, and a solid year-to-date execution from our operating teams, we reiterate our full year adjusted EBITDA guidance range of $2.4 billion-$2.6 billion.

Our aggregates business is executing well, and we reiterate our full-year outlook to deliver between $2.4 and $2.6 billion of Adjusted EBITDA.

We carry good momentum from our solid start to the year and continue to expect to deliver between $2.4 billion and $2.6 billion of adjusted EBITDA for the full year.

We reiterate our full-year outlook to deliver between $2.4 and $2.6 billion of Adjusted EBITDA.

We expect to deliver between $2.4 billion and $2.6 billion of Adjusted EBITDA in 2026.

We expect to deliver between $2.4 and $2.6 billion of Adjusted EBITDA.

Mr. Pruitt continued, “As we look to 2027, our execution and ongoing portfolio expansion set the stage for another year of earnings growth.  We anticipate a continuation of the current demand environment next year and expect to continue expanding aggregates cash gross profit per ton with mid- to high- single digit pricing gains through execution of the Vulcan Way of Selling and cost benefits from the Vulcan Way of Operating.

With a continued expectation of modest growth in aggregate shipments in 2026, a healthy pricing environment, and a solid year-to-date execution from our operating teams, we reiterate our full year adjusted EBITDA guidance range of $2.4 billion-$2.6 billion.

The construction environment remains supportive of continued aggregates price growth, and large projects and public construction activity continue to support our expectation for volume growth in 2026.

| Items included in Adjusted EBITDA | $ | 30 |

| Depreciation, depletion, accretion and amortization | | 700 |

We project depreciation, depletion, amortization, and accretion expenses of approximately $700 million, interest expense of approximately $225 million, and an effective tax rate between 22% and 23%.

Depreciation, depletion, accretion and amortization expense of approximately $700 million

| Income tax expense, including discontinued operations | | 340 |

| Interest expense, net | | 215 |

We project depreciation, depletion, amortization, and accretion expenses of approximately $700 million, interest expense of approximately $225 million, and an effective tax rate between 22% and 23%.

Interest expense of approximately $225 million

| Net earnings attributable to Vulcan | $ | 1,215 |

Net earnings attributable to Vulcan of $1.1 to $1.3 billion

The construction environment remains supportive of continued aggregates price growth, and large projects and public construction activity continue to support our expectation for volume growth in 2026.

We expect aggregates freight adjusted average selling prices to increase between 4% and 6%, and aggregates units cash cost of sales to increase by low single-digit percentage.

Freight-adjusted price improvement of 4 to 6 percent ($21.98 in 2025)