Vulcan Materials CO

Company facts

Industry

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Headquarters

Birmingham, Alabama

Most recent report

8-K, filed Oct 30, 2026

Incorporated

New Jersey

Filings on record

1,002+ filings

On EDGAR

CIK 1396009

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 12 sections worth reading, with 3 positive, 10 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Balance sheet shows $315M new commercial paper, $400M debt due, and big asset sales.
  Notable

  • Purchased $53.8M of energy investment tax credits in Q3 2026 to reduce 2026 federal tax.
  • LADWP demands actual costs exceeding $92M NHW and $245M NHC systems; material loss possible near term.
  • ARO liability jumped $38.1M in nine months due to reclamation cost increases at a California site.
  • Sold California concrete and Virgin Islands ops for $722M (cash + $150M receivable due 2027).
  Negative

  • Mexican tax dispute: losing could cost ~$35M cash outflow, including $23M interest/penalties.

• Management's Discussion (Item 2)

  Full MD&A with segment results, cash flow, debt, and a concrete 2026 EBITDA target.
  Positive

  • Aggregates freight-adjusted sales price rose 3.8% to $22.84/ton in Q3 2026, offsetting volume decline.
  • Returned $350M to shareholders via share repurchases in Q3 2026 vs none in Q3 2025.
  • Full-year 2026 Adjusted EBITDA guided to ~$2.4B, up from $2,325.8M trailing-twelve-months.
  Notable

  • Concrete segment gross profit fell 43% to $8.0M in Q3 2026; California operations divested in June 2026.
  • CEO transition and reorganization charges of $8.6M recorded in first nine months of 2026.
  Negative

  • Total revenues fell 5% to $2,184.6M in Q3 2026 vs Q3 2025, driven by a 3% drop in aggregates shipments.
  • Mexican government ordered Calica quarry closed and declared property a Natural Protected Area; company calls it illegal.
  • Net cash from operations fell $299M to $971M in first nine months of 2026, driven by working-capital outflows.

• Controls and Procedures (Item 4)

  Ongoing ERP and system modernization with phased deployments through 2027; controls remain effective.
  Notable

  • Controls remain effective during system changes; no material impact on internal control over financial reporting in Q3 2026.
  • ERP implementation phases: financial reporting done Q1 2025, management reporting Q1 2026, budgeting/forecasting by Q4 2026.
  • Cloud-based ERP deployment includes HR systems in Q3 2026 and financial systems in Q4 2026; full completion by H2 2027.

• Unregistered Sales and Repurchases (Item 2)

  Large buyback activity in Q3 2026 with 1.27M shares repurchased at $275.31 average.
  Notable

  • Authorization from Feb 2017 for 10M shares; 2,592,781 shares remain as of Sep 30, 2026.

What changed: Sep 2026 vs. Jun 2026

About 6% of VMC's Sep 2026 10-Q is new information. 26 paragraphs were added, 187 changed, and 30 removed. Below are the most important lines SECSift identified.

• Item 2 90
• Item 1 61
• Item 4 4
• Item 6 4
• Item 3 1
• Item 5 1