Martin Marietta Materials Inc. has entered into a definitive agreement under which the company will acquire Lehigh Hanson Inc.’s West Region business from HeidelbergCement for $2.3 billion in cash.
Read MoreMonth: May 2021
SSAB Offers New Duroxite Overlay Welding Wire and Electrodes
Three new products have now been added to the Duroxite range of overlay solutions from SSAB: Duroxite AP ELECTRODE, Duroxite AP WIRE and Duroxite CR-ZERO WIRE. The new wire and electrode products make the Duroxite product range even more versatile for wear-part manufacturers and industries performing wear-part maintenance and repairs, according to the company. The Duroxite portfolio now covers overlay plates…
Read MoreOates-Forney Joins Summit Materials’ Board
Summit Materials Inc. announced that its board of directors has appointed Tamla Oates-Forney as a new independent director and member of the board’s Human Capital and Compensation Committee. With the appointment of Oates-Forney, Summit’s board now comprises nine members.
Read MoreEagle Materials Reports Record Revenue
Eagle Materials Inc. reported financial results for fiscal year 2021 and the fiscal fourth quarter ended March 31, noting record full year revenue of $1.6 billion, up 16%, and net earnings of $339 million, up 379%.
Read MorePortman, Kelly Introduce ROCKS Act
U.S. Senators Rob Portman (R-Ohio) and Mark Kelly (D-Ariz.) introduced the Rebuilding Our Communities by Keeping Aggregates Sustainable (ROCKS) Act, a bill that would make federal transportation projects more sustainable, efficient, and beneficial to local economies by advancing the use of locally-sourced aggregate resources, like sand, stone, and gravel. In the House, a companion bill has been introduced by Reps. Troy Balderson…
Read MoreMaterials Costs Rise at Record Pace
May 18, 2021 – According to Associated General Contractors Chief Economist Ken Simonson, the producer price index (PPI) for nonresidential building construction – a measure of the price that contractors say they would charge to build a fixed set of buildings – increased 1.2% from March and 2.3% year-over-year (y/y) since April 2020, while the PPI for material and service inputs to…
Read MoreConstruction Starts Slip in April as Housing Cools
Total construction starts fell 2% in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Single-family construction posted a sizeable decline following months of strong activity, while nonresidential building and nonbuilding starts both gained.
Read MoreLiberty Oilfield Services Talks Permian Frac Sand Business
Liberty Oilfield Services Inc. announced first quarter 2021 financial and operational results, with revenue of $552 million and a net loss of $39 million, or $0.21 fully diluted loss per share, for the quarter ended March 31.
Read MoreRystad: Producers Could See Record-High Hydrocarbon Revenue
The U.S. shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady, producers can expect a record-high hydrocarbon revenue of $195 billion before factoring in hedges, a Rystad Energy analysis shows. The previous record of $191…
Read MoreSource Energy Service Touts First Quarter Results
Source reported that it made significant changes to the company’s balance sheet and cost structure in the first quarter of 2021. These initiatives put Source in a solid position to benefit from the return of completion activities in the Western Canadian Sedimentary Basin (WCSB).
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