Vulcan Materials reports profitable Q3

Vulcan Materials, a Birmingham, Alabama-based producer of aggregates and paving materials, has reported an 80 percent increase in net income in the third quarter of 2025 compared with the comparable quarter last year.

The company is one of the nation’s largest producer of construction aggregates as well as one of the largest producers of recycled aggregates in the U.S. Last year, it recycled 1.7 million tons of concrete and 2.1 million tons of asphalt pavement, according to its 2024 sustainability report.

Vulcan credits strong customer demand and solid execution by the company’s employees for its $375 million in net income earned in this year’s third quarter, an 80 percent increase from the $208 million earned from July through September 2024.

“The combination of our aggregates-led business and our commercial and operational execution has resulted in strong earnings growth and margin expansion through the first nine months of 2025,” Vulcan CEO Tom Hill says.

“Aggregates cash gross profit per ton has improved 12 percent with widespread improvements across our footprint. These results demonstrate the compounding benefits of our strategic disciplines and reinforce our confidence in our ability to continue to deliver strong earnings growth and cash generation.”

In its Aggregates sector, Vulcan's gross profit increased 23 percent to $612 million in the third quarter, and its gross profit margin expanded 250 basis points to 34.2 percent. Aggregates shipments in the third quarter increased 12 percent compared with one year earlier, reflecting healthy public construction activity, as well as the benefit of more favorable weather in most markets, the company says.

Shipments in the third quarter of 2024 were disrupted by numerous hurricanes and severe storms in the southeastern United States. 

In its Concrete production segment, Vulcan's gross profit in the third quarter was $14 million, with the gross profit margin expanding to 6 percent.

“We continue to execute well and remain focused on delivering another year of margin expansion and attractive growth in aggregates unit profitability," Hill says. "Aggregates shipments through the third quarter have increased 3 percent, and we expect full-year shipments to reflect similar year-over-year growth.

“As we look to 2026, I’m encouraged about the demand backdrop in our markets. We expect continued strength in public construction activity and an improving private nonresidential outlook, a combination that should also benefit an already healthy pricing environment.”