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ConExpo-Con/Agg Issues Coronavirus Statement

RR022420 ConExpo2020Feb. 24, 2020 – ConExpo-Con/Agg show organizers issued a statement regarding COVID-19/Coronavirus. "Our top priority is the health and safety of all participants at the show. We are closely monitoring and will follow any protocols that are provided by the Centers for Disease Control (CDC). We encourage exhibitors and attendees to take precautions and follow guidelines set by the CDC when they are onsite at the show. ConExpo-Con/Agg 2020 will be held as scheduled, March 10-14. We’re looking forward to seeing you in Las Vegas."

Read more: ConExpo-Con/Agg Issues Coronavirus Statement

Vulcan Roars into 2020

RR050219 VulcanLogoFeb. 18, 2020 – Vulcan Materials just reported full-year revenues of $4.9 billion for 2019, up 12% as compared to the prior year, and net earnings of $618 million, an increase of 20%. Regarding the company's outlook, Tom Hill, chairman and chief executive officer stated, "In 2020, we expect another year of strong earnings growth. Vulcan-served markets should continue to benefit from public construction demand, led by higher levels of highway funding in our key states. We anticipate residential construction in our markets to continue strengthening after experiencing some softness in certain markets during the second half of 2019.  Private nonresidential construction activity should also improve as leading indicators point to positive growth in 2020. Demand fundamentals, including population and employment growth, continue to support longer-term growth in residential and nonresidential construction. We are seeing a positive pricing environment driven by shipment momentum in private demand and visibility of public demand. Our focus remains the same – compounding our unit margins through all parts of the cycle and improving our returns on capital." 

Read more: Vulcan Roars into 2020

Martin Marietta Looks Ahead

RR043019 MartinMariettalogoFeb. 11, 2020 – Martin Marietta Materials just reported record revenues for 2019. So what do they see up ahead? The company is confident in its 2020 outlook and in its key supporting factors. The company said its geographic footprint has attractive underlying market fundamentals, including notable employment gains, population growth and superior state fiscal health, that should promote steady and sustainable construction growth over the near- and medium-terms. Martin Marietta believes the current construction cycle will continue for the foreseeable future and expand at a steady pace in 2020 for each of its three primary construction end-use markets.

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Non-Metallic Minerals on the Rise

RR020720 MCSFeb. 7, 2020 – The first indication of the vibrancy of the U.S. non-metallic minerals market just came in. The U.S. Geological Survey (USGS) released its 2020 Mineral Commodity Summaries publication, in which it gives, among other things, its first, preliminary look at 2019 U.S. aggregates production. According to the publication, total aggregates production was approximately 2.5 billion metric tons (Gt), an increase of approximately 6% over 2018. In 2019, 1.53 billion tons of crushed stone valued at more than $18.7 billion was produced by an estimated 1,430 companies operating 3,440 quarries and 176 sales and (or) distribution yards in 50 states, an increase of approximately 8%. In 2019, 970 million tons of construction sand and gravel valued at $9.0 billion was produced by an estimated 3,870 companies operating 6,830 pits and 342 sales and distribution yards in 50 states, an increase of approximately 3.5%. Dimensional stone production was also up, while industrial sand production was down. Lime production was down slightly. 

Read more: Non-Metallic Minerals on the Rise

Take Our Benchmark 2020 Survey

RR012320 SurveyRock Products needs your insight! Please take our industry survey. Our 2020 Benchmark Survey is designed to help us understand national trends and the needs of the industry looking forward. Win one of five Amazon gift cards. 

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