						Appendix 1
Reconciliation of Non-GAAP Measures
Aggregates segment freight-adjusted revenues is not a Generally Accepted Accounting Principle (GAAP) measure and should not be considered as an alternative to metrics defined by GAAP. We present this metric as it is consistent with the basis by which we review our operating results. We believe that this presentation is consistent with our competitors and meaningful to our investors as it excludes revenues associated with freight & delivery, which are pass-through activities. It also excludes other revenues related to services, such as landfill tipping fees, that are derived from our aggregates business. Additionally, we use this metric as the basis for calculating the average sales price of our aggregates products. Reconciliation of this metric to its nearest GAAP measure is presented below:

Aggregates Segment Freight-Adjusted Revenues
					(in millions, except per unit data)
	Three Months Ended		Six Months Ended		Trailing-Twelve Months Ended
		June 30		June 30		June 30
	2026	2025	2026	2025	2026	2025
Aggregates segment
Segment sales	$1,763.0	$1,649.6	$3,213.5	$2,985.4	$6,525.2	$6,030.1
Freight & delivery revenues ¹	(360.4)	(310.9)	(648.6)	(575.2)	(1,288.6)	(1,193.3)
Other revenues	(26.2)	(28.6)	(49.5)	(48.1)	(97.9)	(92.6)
Freight-adjusted revenues	$1,376.4	$1,310.1	$2,515.4	$2,362.1	$5,138.7	$4,744.3
Unit shipments - tons	59.9	59.3	109.9	107.0	229.6	218.7
Freight-adjusted sales price	$22.97	$22.11	$22.89	$22.07	$22.38	$21.70
¹ At the segment level, freight & delivery revenues include intersegment freight & delivery (which are eliminated at the consolidated
level) and freight to remote distribution sites.

GAAP does not define "cash gross profit," and it should not be considered as an alternative to earnings measures defined by GAAP. We and the investment community use this metric to assess the operating performance of our business. Additionally, we present this metric as we believe that it closely correlates to long-term shareholder value. Cash gross profit adds back noncash charges for depreciation, depletion, accretion and amortization to gross profit. Segment cash gross profit per unit is computed by dividing segment cash gross profit by units shipped. Segment cash cost of sales per unit is computed by subtracting segment cash gross profit per unit from segment freight-adjusted sales price. Reconciliation of these metrics to their nearest GAAP measures are presented below:

Cash Gross Profit
					(in millions, except per unit data)
	Three Months Ended		Six Months Ended		Trailing-Twelve Months Ended
	June 30		June 30		June 30
	2026	2025	2026	2025	2026	2025
Aggregates segment
Gross profit	$567.3	$559.5	$967.7	$916.9	$2,015.5	$1,901.8
Depreciation, depletion, accretion and amortization	152.8	144.3	298.6	294.7	607.5	558.9
Cash gross profit	$720.1	$703.8	$1,266.3	$1,211.6	$2,623.1	$2,460.7
Unit shipments - tons	59.9	59.3	109.9	107.0	229.6	218.7
Gross profit per ton	$9.47	$9.44	$8.81	$8.57	$8.78	$8.70
Freight-adjusted sales price	$22.97	$22.11	$22.89	$22.07	$22.38	$21.70
Cash gross profit per ton	12.02	11.88	11.53	11.32	11.42	11.25
Freight-adjusted cash cost of sales per ton	$10.95	$10.23	$11.36	$10.75	$10.96	$10.45
Asphalt segment
Gross profit	$49.8	$57.2	$62.0	$62.0	$174.0	$168.3
Depreciation, depletion, accretion and amortization	11.2	14.0	22.4	26.0	46.1	50.4
Cash gross profit	$61.0	$71.2	$84.4	$88.0	$220.1	$218.7
Concrete segment
Gross profit	$8.4	$8.5	$18.5	$11.6	$42.8	$22.9
Depreciation, depletion, accretion and amortization	3.9	19.0	8.0	34.5	35.5	55.7
Cash gross profit	$12.3	$27.5	$26.5	$46.1	$78.3	$78.6

VULCAN REPORTS SECOND QUARTER 2026 RESULTS