Telsmith Inc., hosted an Association of Equipment Manufacturers (AEM) sponsored pancake and policy tour on Oct. 28, by inviting AEM members to come in and speak to Telsmith employees about the I Make America campaign to discuss the issues that are impacting the manufacturing industry. “We are proud to be a member of the Association of Equipment Manufacturers, and thrilled to be hosting…
Read MoreMonth: October 2019
Summit: Behind the Numbers
Oct. 31, 2019 – Summit Materials reported third-quarter numbers, and aggregates net revenues increased by 25.5% to $137.5 million in the third quarter 2019, when compared to the prior-year period. Organic aggregates sales volumes increased 11.4% in the third quarter 2019, when compared to the prior-year period on higher organic volume growth in both the East and West segments. Operating income across…
Read MoreConstruction Starts to Slip in 2020; Public Works to Rise
Dodge Data & Analytics released its 2020 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.
Read MoreSummit Aggregates Net Revenues Up 25.5%
Summit Materials Inc. announced that for the three months ended Sept. 28, the company is reporting net income attributable of $55.8 million, or $0.50 per basic share, compared to net income attributable to Summit Inc. of $71.3 million, or $0.64 per basic share in the comparable prior-year period.
Read MoreALLU Announces New Dealer for Southern U.S.
ALLU Group Inc. announced Richland, Miss.-based Lyle Machinery Co. as its newest dealer for the full line of ALLU Transformer material processing attachments. The company not only provides sales and rental of ALLU’s unique screener crusher attachments, but also complete aftermarket service and spare parts for customers throughout Mississippi, the Florida panhandle, and sections of Alabama, Louisiana and Texas. The appointment of…
Read MorePolitical Leaders to Forecast Election at NSSGA Event
As we begin the 2020 election cycle, National Stone, Sand and Gravel Association (NSSGA) Legislative & Policy Forum attendees will hear from the heads of the National Republican Senatorial Committee (NRSC) and Democratic Congressional Campaign Committee (DCCC).
Read MoreBipartisan Governor’s Group Holds Infrastructure Summit
The governors of Maryland, Michigan and Tennessee held the second of four planned national infrastructure summits with policy and technology experts in Detroit on Oct. 19, to discuss emerging trends and best practices for securing vital infrastructure against human-caused and natural threats, according to the AASHTO Journal.
Read MoreLafargeHolcim Touts North American Growth in Third Quarter
LafargeHolcim reported a year-over-year net sales decrease of 3.0% in the third quarter. However Jan Jenisch, CEO, said, “This is the fifth consecutive quarter of over-proportional growth in profitability and we are on track to achieve all targets for 2019. I would like to congratulate all employees for executing Strategy 2022 with high speed and impressive results.
Read MoreMDU Resources Construction Materials Business Rises
MDU Resources Group Inc. reported third-quarter earnings of $137.6 million, or 69 cents per share, compared to third quarter 2018 earnings of $107.3 million, or 55 cents per share. For the nine months ended Sept. 30, MDU Resources earned $240.4 million, or $1.21 per share, compared to $193.5 million, or 99 cents per share, for the same period in 2018.
Read MoreCemex’s U.S. Business Increases 5%
Cemex, S.A.B. de C.V. announced that on a like-to-like basis for the ongoing operations and adjusting for foreign exchange fluctuations, consolidated net sales decreased by 1%, reaching $3.5 billion during the third quarter of 2019 versus the comparable period in 2018.
Read More