| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 30, 2026 | 4/12 | 2 high, 3 medium, 1 low flags | 1 | 4 | Call sheet → |
| Q1'26 | April 30, 2026 | 11/12 | 7 low flags | 5 | 0 | Call sheet → |
| Q4'25 | February 11, 2026 | 11/12 | 1 medium, 5 low flags | 5 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Missed | Network optimization update at half-year Vaguely mentioned benefits but no specific metrics provided |
| Q2'26 | Missed | Update guidance at mid-year for New Frontier Did not include NFM in updated guidance despite closing |
| Q2'26 | Delivered | New Frontier closing in second half Closed in May as promised |
| Q2'26 | Pending | Greater realization of mid-year increases than last year Walked back to historical 25% realization rate in Q2 commentary |
| Q2'26 | Missed | Organic COGS per ton below 3% for the year Q2 at 3.6% despite claiming network optimization benefits |
| Q2'26 | Missed | Diesel impact of $36M in aggregates for the year Now saying $50M company-wide, a 39% increase from Q1 guidance |
| Q1'26 | Delivered | Premier Magnesia integration and margin improvement Contributing to record specialties performance, integration on track |
| Q1'26 | Exceeded | Network optimization benefits from pilot regions Pilot delivered declining COGS per ton despite restructuring charges |
| Q1'26 | Exceeded | Low single-digit shipment growth guidance Q1 organic growth of 7.2% meaningfully exceeded guidance range |
| Q1'26 | Pending | Mid-single-digit pricing improvement for 2026 On track with broader midyear increases planned beyond historical scope |
| Q1'26 | Delivered | Full year 2026 adjusted EBITDA guidance of $2.43B at midpoint Reaffirmed guidance despite diesel headwinds and geographic mix challenges |
| Q1'26 | Delivered | Quikrete Asset Exchange closing in Q1 2026 Closed February 23, delivered $450M cash proceeds and largest aggregates acquisition |
| Q4'25 | Delivered | Approximately 30% reduction in 2026 CapEx Guided to $575M, down 29% from 2025 levels |
| Q4'25 | Delivered | Network optimization benefits from pilot regions Pilot showed declining cost per ton YoY, now expanding company-wide |
| Q4'25 | Missed | QUIKRETE closing in Q4 2025 Now expected Q1 2026 due to real estate complexities in 1031 exchange |
| Q4'25 | Delivered | Low single-digit volume growth for 2026 Refined to 2% midpoint, at low end of range but delivered on framework |
| Q4'25 | Exceeded | Price-cost spread target of 200 bps for SOAR 2025 Achieved 208 bps over 5-year period, exceeding target |
| Q4'25 | Exceeded | Full year 2025 consolidated adjusted EBITDA guidance raised to $2.32B Delivered $2.49B including discontinued ops, beat their own raised guidance |
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