First Look – July 2022

TOP NEWS House Passes 2022 WRDAThe House has passed the bipartisan Water Resources Development Act (WRDA) of 2022. It will improve the nation’s water infrastructure by authorizing water resources development projects in collaboration with the U.S. Army Corps of Engineers. This legislation will strengthen America’s economy through investments in ports, harbors and inland waterways; make communities more resilient; and protect…

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First Look – June 2022

TOP NEWS Martin Marietta Hits Record RevenuesMartin Marietta Materials Inc. reported results for the first quarter ended March 31. The company is reporting record first-quarter consolidated revenues of $1.147.8 billion compared to $921.9 million in last year’s first quarter, a 24.5% increase.  Vulcan Reports Strong QuarterVulcan Materials Co. announced results for the quarter ended March 31. Total revenues increased 44%…

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FIRST LOOK – May 2022

TOP NEWS Hubacz Named First NSSGA Female Board Chair During its Annual Membership Meeting at its 2022 Convention, NSSGA outgoing Chair Darin Matson of Rogers Group Inc. handed off the gavel to the association’s first Chairwoman Karen Hubacz, president and CEO of Bond Construction. AGG1 a Huge HitMore than 11,000 asphalt paving and aggregates professionals filled a sold-out Music City Center…

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First Look – April 2022

TOP NEWS Athabasca Closes AcquisitionAthabasca Minerals Inc. closed the strategic acquisition of an operational U.S. sand mine and facilities in Wisconsin. The assets include real estate of 1,100 acres, a fully functional and staffed mine and processing plant capable of 2 million tpy of sand, fixed storage, rail transload with unit-train capability (i.e. loading/unloading 100 railcar shipments), mobile equipment and…

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First Look – March 2022

TOP NEWS Vulcan Reports Excellent 2021 ResultsVulcan Materials Co. announced results for the quarter ended Dec. 31, 2021. The company is reporting that total revenues increased 37% to $1.606 billion, driven by the addition of U.S. Concrete (USCR) operations as well as strong growth in the company’s legacy aggregates business. For the full year 2021, the company is reporting that…

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First Look – February 2022

TOP NEWS Fred Weber Inc. Acquires General DrillingConstruction materials producer Fred Weber Inc., based in St. Louis, has acquired General Drilling Inc., based in Noblesville, Ind., which will become a wholly-owned subsidiary.  Chaney Enterprises Acquires TW Block & Concrete AssetsChaney Enterprises will acquire the locally owned TW Block ready-mix concrete, masonry and aggregate-materials business located in Onley, Va., in the…

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First Look – January 2022

TOP NEWS United States Lime & Minerals Reports Strong QuarterUnited States Lime & Minerals Inc. reported revenues in the third quarter of 2021 were $52.3 million, compared to $43.7 million in the third quarter 2020, an increase of $8.6 million, or 19.6%.  LafargeHolcim Acquires Marshall Concrete ProductsLafargeHolcim in the United States acquired Marshall Concrete Products, a “longstanding and trusted supplier”…

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TOP NEWS Infrastructure Bill PassesThe House of Representatives, on Nov. 5, passed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), ending months of in-fi ghting and political intrigue over the issue. Infrastructure Bill SignedOn Nov. 15, President Biden signed the Infrastructure Investment and Jobs Act into law. He welcomed lawmakers from both parties, from Congress and from state and…

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First Look – November 2021

TOP NEWS Luck Stone Acquires Ararat Rock Products Luck Stone acquired North Carolina-based Ararat Rock Products, which operated quarries in Mount Airy and Eden, one of the largest acquisitions in the company’s nearly 100-year history. Mellott Company SoldMellott Company has been acquired by MFG Partners and PNC Mezzanine Capital. Global investment bank Stout served as exclusive financial advisor to Mellott…

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First Look – October 2021

TOP NEWS MINExpo Held in Las VegasMINExpo International 2021 was held at the Las Vegas Convention Center Sept. 13-15, the largest and most comprehensive industry event this year to explore cutting-edge equipment, technologies and innovations for all mining sectors. Athabasca Minerals Revenues Leap ForwardAthabasca reported consolidated revenue of $3.2 million ($0.2 million in the second quarter of 2020) with divisional…

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