Vulcan Materials 8-K Financial Statements and Exhibits

Exhibit 12.1

Vulcan Materials Company and Subsidiary Companies

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	For the years ended December 31,
dollars in thousands	2016			2015			2014			2013			2012
Fixed charges
Interest expense before capitalization credits	$	141,543		$	219,915		$	236,875		$	197,493		$	209,865
Amortization of financing costs		0			3,602			8,583			6,184			5,918
One-third of rental expense		41,686			39,552			36,103			29,959			26,186
Total fixed charges	$	183,229		$	263,069		$	281,561		$	233,636		$	241,969
Earnings before income taxes, as adjusted
Earnings from continuing operations before income taxes	$	547,257		$	327,857		$	298,838		$	(3,703	)	$	(120,418	)
Minority interest in earnings (losses) of a consolidated subsidiary		0			0			0			0			0
Fixed charges		183,229			263,069			281,561			233,636			241,969
Capitalized interest credits		(7,468	)		(2,930	)		(2,092	)		(1,089	)		(2,716	)
Amortization of capitalized interest		2,653			2,518			2,742			3,408			3,453
Earnings before income taxes, as adjusted	$	725,671		$	590,514		$	581,049		$	232,252		$	122,288
Ratio of earnings to fixed charges		4.0			2.2			2.1			1.0			0.5