FOR IMMEDIATE RELEASE

Investor Contact:  Mark Warren (205) 298-3220

Media Contact:  Jack Bonnikson (205) 298-3220

VULCAN REPORTS FIRST QUARTER 2026 RESULTS

Solid First Quarter Execution Drives Earnings Growth and Margin Expansion

Company Reaffirms Full Year Earnings Outlook

Financial Highlights Include:

Ronnie Pruitt, Vulcan Materials’ Chief Executive Officer, said, “The combination of our advantaged aggregates-led business and consistent focus on our strategic disciplines resulted in Adjusted EBITDA growth of 9 percent and margin expansion in the first quarter.  Our strategy and execution, enhanced by innovation and technology, position us well to deliver strong earnings growth and cash generation.  With this focus, and the financial strength and flexibility to grow, we will continue to drive sustainable value creation and win the future in aggregates.”

Aggregates

Segment gross profit increased 12 percent to $400 million ($8.01 per ton), and gross profit margin expanded 90 basis points to 27.6 percent.  Widespread pricing growth and effective cost control from operational execution drove cash gross profit per ton to $10.93.

As compared to the prior year, first quarter aggregates shipments increased 5 percent, supported by large projects and continued growth in public construction activity, as well as more typical weather in some markets.  Shipments in the prior year’s first quarter were impacted by severe winter weather conditions.

Price increases effective at the beginning of the year resulted in widespread pricing growth across the Company’s footprint.  Freight-adjusted selling prices increased 4 percent on a mix-adjusted basis (3.5 percent, or $0.77 per ton, on a reported basis) as compared to the prior year’s first quarter.  Consistent with expectations, freight-adjusted unit cash cost of sales increased 4 percent, or $0.47 per ton, over the prior year.

Asphalt and Concrete

Non-aggregates segment gross profit in the first quarter was $22 million, and cash gross profit was $38 million.  Asphalt gross profit margin improved sharply compared to the prior year’s first quarter.  Shipments increased 2 percent, and price improved 3 percent.  First quarter results in the prior year included the Company’s Houston asphalt and construction business that was divested in the fourth quarter of 2025.  Gross profit margin in the Concrete segment expanded to 5 percent.  First quarter results included the Company’s California ready-mixed concrete business.  The disposition of these assets is expected to close in the second quarter, subject to final regulatory approvals and other customary closing conditions.

SAG expense in the quarter was $136 million, 2 percent lower than the prior year and 80 basis points lower as a percentage of revenue.  On a trailing-twelve months basis, SAG expense as a percent of total revenues was 7.0 percent and 20 basis points lower than the prior year.

The Company remains well positioned for continued growth with a strong liquidity position and balance sheet profile.  As of March 31, 2026, the ratio of total debt to trailing-twelve months Adjusted EBITDA was 1.9 times and below the Company’s target range of 2.0 to 2.5 times.  On a trailing-twelve months basis, return on average invested capital was 16.0 percent.

Capital expenditures for maintenance and growth projects were $90 million in the first quarter, and the Company returned $217 million to shareholders through $149 million of common stock repurchases and $68 million of dividends.

Regarding the Company’s outlook, Mr. Pruitt said, “We reiterate our full-year outlook to deliver between $2.4 and $2.6 billion of Adjusted EBITDA.  Our execution in the first quarter, in addition to a healthy backlog supported by large projects and public construction activity, gives us good momentum heading into the rest of the year.  We continue to monitor the potential impacts from geopolitical uncertainty but, as always, will remain focused on what we can control to drive durable growth.”

Vulcan will host a conference call at 9:00 a.m. CT on April 29, 2026.  A webcast will be available via the Company’s website at www.vulcanmaterials.com.  Investors and other interested parties may access the teleconference live by calling 800-445-7795, or 785-424-1699 if outside the U.S.  The conference ID is 5306428.  The conference call will be recorded and available for replay at the Company’s website approximately two hours after the call.

Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation's largest supplier of construction aggregates – primarily crushed stone, sand and gravel – and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.  For additional information about Vulcan, go to www.vulcanmaterials.com.

Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures, other than the reconciliation of Projected Adjusted EBITDA as included in Appendix 2 hereto. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.

FORWARD-LOOKING STATEMENT DISCLAIMER

This document contains forward-looking statements.  Statements that are not historical fact, including statements about Vulcan's beliefs and expectations, are forward-looking statements.  Generally, these statements relate to future financial performance, results of operations, business plans or strategies, projected or anticipated revenues, expenses, earnings (including EBITDA and other measures), dividend policy, shipment volumes, pricing, levels of capital expenditures, intended cost reductions and cost savings, anticipated profit improvements and/or planned divestitures and asset sales.  These forward-looking statements are sometimes identified by the use of terms and phrases such as “believe,” “should,” “would,” “expect,” “project,” “estimate,” “anticipate,” “intend,” “plan,” “will,” “can,” “may” or similar expressions elsewhere in this document.  These statements are subject to numerous risks, uncertainties, and assumptions, including but not limited to general business conditions, competitive factors, pricing, energy costs, and other risks and uncertainties discussed in the reports Vulcan periodically files with the SEC.

Forward-looking statements are not guarantees of future performance and actual results, developments, and business decisions may vary significantly from those expressed in or implied by the forward-looking statements.  The following risks related to Vulcan's business, among others, could cause actual results to differ materially from those described in the forward-looking statements: general economic and business conditions; domestic and global political, economic or diplomatic developments, including the military conflict in the Middle East involving the United States, Israel and Iran; a pandemic, epidemic or other public health emergency; Vulcan’s dependence on the construction industry, which is subject to economic cycles; the timing and amount of federal, state and local funding for infrastructure; changes in the level of spending for private residential and private nonresidential construction; changes in Vulcan’s effective tax rate; the increasing reliance on information technology infrastructure, including the risks that the infrastructure does not work as intended, experiences technical difficulties or is subjected to cyber-attacks; the impact of the state of the global economy on Vulcan’s businesses and financial condition and access to capital markets; international business operations and relationships, including actions taken by the Mexican government with respect to Vulcan’s property and operations in that country; the highly competitive nature of the construction industry; the impact of future regulatory or legislative actions, including those relating to climate change, biodiversity, land use, wetlands, greenhouse gas emissions, the definition of minerals, tax policy and domestic and international trade; the outcome of pending legal proceedings; pricing of Vulcan's products; weather and other natural phenomena, including the impact of climate change and availability of water; availability and cost of trucks, railcars, barges and ships as well as their licensed operators for transport of Vulcan’s materials; energy costs; costs of hydrocarbon-based raw materials; healthcare costs; labor relations, shortages and constraints; the amount of long-term debt and interest expense incurred by Vulcan; changes in interest rates; volatility in pension plan asset values and liabilities, which may require cash contributions to the pension plans; the impact of environmental cleanup costs and other liabilities relating to existing and/or divested businesses; Vulcan's ability to secure and permit aggregates reserves in strategically located areas; Vulcan’s ability to identify, close and successfully integrate acquisitions; the effect of changes in tax laws, guidance and interpretations; significant downturn in the construction industry may result in the impairment of goodwill or long-lived assets; changes in technologies, which could disrupt the way Vulcan does business and how Vulcan’s products are distributed; the risks of open pit and underground mining; expectations relating to sustainability considerations; claims that our products do not meet regulatory requirements or contractual specifications; and other assumptions, risks and uncertainties detailed from time to time in the reports filed by Vulcan with the SEC.  All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.  Vulcan disclaims and does not undertake any obligation to update or revise any forward-looking statement in this document except as required by law.