BIRMINGHAM, Ala., July 27, 2026 /PRNewswire/ -- Vulcan Materials Company (NYSE:VMC), the nation&#39;s largest producer of construction aggregates, today provided an update with respect to its North American Free Trade

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">BIRMINGHAM, Ala.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 27, 2026</span> /PRNewswire/ -- Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VMC">VMC</a>), the nation&#39;s largest producer of construction aggregates, today provided an update with respect to its North American Free Trade Agreement (NAFTA) arbitration against Mexico originally filed in 2018.</p><p xmlns="http://www.w3.org/1999/xhtml">As previously disclosed, Vulcan Materials Company (&#34;Vulcan&#34; or the &#34;Company&#34;) has been engaged in a NAFTA arbitration against Mexico over Mexico&#39;s repudiation of an agreement to unlock a portion of Vulcan&#39;s aggregates reserves in Mexico and the arbitrary shutdown of the Company&#39;s quarrying operations in that country. </p><p xmlns="http://www.w3.org/1999/xhtml">Today, the NAFTA tribunal (the &#34;Tribunal&#34;) issued its decision (the &#34;Decision&#34;) in the arbitration. In the Decision, the Tribunal found that Mexico violated NAFTA in several respects. However, the Tribunal&#39;s award of monetary damages to Vulcan for Mexico&#39;s violations was negligible. In accordance with applicable rules, the Decision will remain confidential until publicly available.</p><p xmlns="http://www.w3.org/1999/xhtml">As previously scheduled, Vulcan will host its second quarter earnings conference call at 9:00 a.m. CT on July 29, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FORWARD-LOOKING STATEMENT DISCLAIMER<br xmlns="http://www.w3.org/1999/xhtml"></br></b>This document contains forward-looking statements.  Statements that are not historical fact, including statements about Vulcan&#39;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 &#34;believe,&#34; &#34;should,&#34; &#34;would,&#34; &#34;expect,&#34; &#34;project,&#34; &#34;estimate,&#34; &#34;anticipate,&#34; &#34;intend,&#34; &#34;plan,&#34; &#34;will,&#34; &#34;can,&#34; &#34;may&#34; 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.</p><p xmlns="http://www.w3.org/1999/xhtml">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&#39;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&#39;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&#39;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&#39;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&#39;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&#39;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&#39;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&#39;s ability to secure and permit aggregates reserves in strategically located areas; Vulcan&#39;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&#39;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.</p><p xmlns="http://www.w3.org/1999/xhtml">Investor Contact: Mark Warren (205) 298-3220<br xmlns="http://www.w3.org/1999/xhtml"></br>Media Contact: Janet Kavinoky (205) 298-3220</p><div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder6946"><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS254377/VULCAN-MATERIALS-COMPANY-LOGO.jpg?id=OA2786252" title="Vulcan Materials Company, Birmingham, AL. (PRNewsFoto/Vulcan Materials Company) (PRNewsFoto/) (PRNewsFoto/)" alt="Vulcan Materials Company, Birmingham, AL. (PRNewsFoto/Vulcan Materials Company) (PRNewsFoto/) (PRNewsFoto/)"></img></p></div>
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<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CL11558&amp;sd=2026-07-27"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/vulcan-provides-update-on-nafta-arbitration-302835671.html" target="_blank">https://www.prnewswire.com/news-releases/vulcan-provides-update-on-nafta-arbitration-302835671.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Vulcan Materials Company</p>

Vulcan Provides Update on NAFTA Arbitration

Vulcan NAFTA ruling finds violations; damages minimal ahead of Q2

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BIRMINGHAM, Ala., July 27, 2026 /PRNewswire/ -- Vulcan Materials Company (NYSE:VMC), the nation&amp;#39;s largest producer of construction aggregates, today provided an update with respect to its North American Free Trade</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Vulcan Materials reported that the NAFTA tribunal found Mexico violated NAFTA, but damages awarded were negligible. The ruling limits near-term cash impact while leaving questions on reserves and operations; Vulcan&#039;s July 29 Q2 earnings call should clarify Mexico exposure, recoveries, and overall cash flow outlook.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>NAFTA tribunal found Mexico violated NAFTA; monetary damages awarded were negligible.</li><li>Q2 earnings call scheduled for July 29, 2026 at 9:00 a.m. CT.</li><li>Monetary damages from Mexico deemed negligible; case resolution uncertain on assets.</li><li>Vulcan will discuss Mexico exposure and outlook on the July 29 call.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Vulcan Materials Company (VMC)</strong>: NAFTA arbitration update; ruling found Mexico violated NAFTA; monetary damages were negligible; earnings call July 29, 2026.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The release centers on a cross-border arbitration outcome and potential implications for assets and cash flow, not a traditional earnings or M&amp;A event. It’s relevant for intrinsic risk and long-term asset value in Mexico.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>NAFTA ruling could affect Vulcan&#039;s valuation and Mexico-based assets.</li><li>Q2 2026 earnings call on July 29 to provide color on cash flow and capex.</li><li>Damages deemed negligible reduce near-term financial impact from the dispute.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>NAFTA arbitration against Mexico was filed in 2018.</li><li>Tribunal issued its decision on July 27, 2026.</li><li>Monetary damages awarded were negligible.</li><li>Q2 earnings call scheduled for July 29, 2026 at 9:00 a.m. CT.</li><li>Vulcan Materials Company is the largest producer of construction aggregates in the U.S.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral near-term; upside hinges on Mexico exposure clarity and potential asset recoveries from the NAFTA ruling.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">BIRMINGHAM, Ala.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 27, 2026</span> /PRNewswire/ -- Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VMC">VMC</a>), the nation&#39;s largest producer of construction aggregates, today provided an update with respect to its North American Free Trade Agreement (NAFTA) arbitration against Mexico originally filed in 2018.</p><p xmlns="http://www.w3.org/1999/xhtml">As previously disclosed, Vulcan Materials Company (&#34;Vulcan&#34; or the &#34;Company&#34;) has been engaged in a NAFTA arbitration against Mexico over Mexico&#39;s repudiation of an agreement to unlock a portion of Vulcan&#39;s aggregates reserves in Mexico and the arbitrary shutdown of the Company&#39;s quarrying operations in that country. </p><p xmlns="http://www.w3.org/1999/xhtml">Today, the NAFTA tribunal (the &#34;Tribunal&#34;) issued its decision (the &#34;Decision&#34;) in the arbitration. In the Decision, the Tribunal found that Mexico violated NAFTA in several respects. However, the Tribunal&#39;s award of monetary damages to Vulcan for Mexico&#39;s violations was negligible. In accordance with applicable rules, the Decision will remain confidential until publicly available.</p><p xmlns="http://www.w3.org/1999/xhtml">As previously scheduled, Vulcan will host its second quarter earnings conference call at 9:00 a.m. CT on July 29, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FORWARD-LOOKING STATEMENT DISCLAIMER<br xmlns="http://www.w3.org/1999/xhtml"></br></b>This document contains forward-looking statements.  Statements that are not historical fact, including statements about Vulcan&#39;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 &#34;believe,&#34; &#34;should,&#34; &#34;would,&#34; &#34;expect,&#34; &#34;project,&#34; &#34;estimate,&#34; &#34;anticipate,&#34; &#34;intend,&#34; &#34;plan,&#34; &#34;will,&#34; &#34;can,&#34; &#34;may&#34; 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.</p><p xmlns="http://www.w3.org/1999/xhtml">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&#39;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&#39;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&#39;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&#39;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&#39;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&#39;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&#39;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&#39;s ability to secure and permit aggregates reserves in strategically located areas; Vulcan&#39;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&#39;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.</p><p xmlns="http://www.w3.org/1999/xhtml">Investor Contact: Mark Warren (205) 298-3220<br xmlns="http://www.w3.org/1999/xhtml"></br>Media Contact: Janet Kavinoky (205) 298-3220</p><div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder6946"><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS254377/VULCAN-MATERIALS-COMPANY-LOGO.jpg?id=OA2786252" title="Vulcan Materials Company, Birmingham, AL. (PRNewsFoto/Vulcan Materials Company) (PRNewsFoto/) (PRNewsFoto/)" alt="Vulcan Materials Company, Birmingham, AL. (PRNewsFoto/Vulcan Materials Company) (PRNewsFoto/) (PRNewsFoto/)"></img></p></div>
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<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CL11558&amp;sd=2026-07-27"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/vulcan-provides-update-on-nafta-arbitration-302835671.html" target="_blank">https://www.prnewswire.com/news-releases/vulcan-provides-update-on-nafta-arbitration-302835671.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Vulcan Materials Company</p>

Vulcan Materials reported that the NAFTA tribunal found Mexico violated NAFTA, but damages awarded were negligible. The ruling limits near-term cash impact while leaving questions on reserves and operations; Vulcan's July 29 Q2 earnings call should clarify Mexico exposure, recoveries, and overall cash flow outlook.

News insight

Vulcan Provides Update on NAFTA Arbitration

AI summary

Sentiment rationale

Key facts

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