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 ton data)

Three Months Ended

Six Months Ended

Trailing Twelve Months Ended

June 30

June 30

June 30

2024

2023

2024

2023

2024

2023

Aggregates segment

Segment sales

$1,613.5

$1,580.8

$2,904.9

$2,877.4

$5,946.3

$5,631.7

Freight & delivery revenues ¹

(324.5)

(364.8)

(602.0)

(674.5)

(1,277.7)

(1,357.4)

Other revenues

(26.4)

(29.1)

(48.9)

(47.9)

(108.3)

(98.9)

Freight-adjusted revenues

$1,262.6

$1,186.9

$2,254.0

$2,155.0

$4,560.3

$4,175.4

Unit shipments - tons

60.1

63.4

108.3

115.2

227.6

234.9

Freight-adjusted sales price

$21.00

$18.71

$20.82

$18.70

$20.04

$17.78

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 ton data)

Three Months Ended

Six Months Ended

Trailing Twelve Months Ended

June 30

June 30

June 30

2024

2023

2024

2023

2024

2023

Aggregates segment

Gross profit

$528.5

$499.7

$831.8

$803.2

$1,765.4

$1,568.4

Depreciation, depletion, accretion and amortization

128.0

119.6

251.5

232.0

501.9

462.3

Cash gross profit

$656.5

$619.3

$1,083.3

$1,035.2

$2,267.3

$2,030.7

Unit shipments - tons

60.1

63.4

108.3

115.2

227.6

234.9

Gross profit per ton

$8.79

$7.88

$7.68

$6.97

$7.76

$6.68

Freight-adjusted sales price

$21.00

$18.71

$20.82

$18.70

$20.04

$17.78

Cash gross profit per ton

10.92

9.76

10.01

8.98

9.96

8.65

Freight-adjusted cash cost of sales per ton

$10.08

$8.95

$10.81

$9.72

$10.08

$9.13

Asphalt segment

Gross profit

$59.0

$56.6

$63.7

$57.4

$156.0

$104.0

Depreciation, depletion, accretion and amortization

11.0

8.9

19.8

17.8

37.5

35.9

Cash gross profit

$70.0

$65.5

$83.5

$75.2

$193.5

$139.9

Concrete segment

Gross profit

$4.7

$27.0

$1.7

$24.7

$39.0

$55.7

Depreciation, depletion, accretion and amortization

11.9

19.5

24.1

39.9

57.1

81.2

Cash gross profit

$16.6

$46.5

$25.8

$64.6

$96.1

$136.9

VULCAN REPORTS SECOND QUARTER 2024 RESULTS