Granite Construction Inc. announced results for the quarter ended March 31. Revenue increased $112 million to $672 million compared to $560 million for the same period in the prior year. The Construction and Materials segments posted year-over-year increases of 18% and 36%, respectively. Gross profit increased $22 million to $54 million compared to $32 million for the same period in…
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Permitting Update: Nebraska
Special use permits were approved for a sand and gravel, and portable concrete production pit and concrete storage site south of Odessa by the Buffalo County Commissioners during their meeting on Tuesday, April 23.
Read MoreWhitaker Contracting Sells to Vulcan Materials
Whitaker Contracting has sold its business to Vulcan Materials Co., according to FMI Capital Advisors, which served as the exclusive financial advisor to Whitaker Contracting for the transaction.
Read MoreVulcan Materials Revenues Down Slightly in First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. Total revenues were $1.546 billion compared to $1.649 billion in the first quarter of 2023. However trailing 12-month revenues were $7.679 billion in the first quarter compared to $7.424 billion in the first quarter of 2023. Aggregates Segment total revenues were $1.291 billion, versus $1.297 billion in the first quarter of…
Read MoreSummit’s Argos Acquisition Powers Strong First Quarter
Summit Materials, Inc. announced results for the first quarter ended March 30. Net revenue increased $366.0 million, or 89.9% in the first quarter to $773.2 million, including the partial quarter impact of the Argos USA assets. In the quarter, $378.5 million of revenue was recognized from recent acquisitions which more than offset a decrease of $21.7 million in net revenue…
Read MoreNSSGA Holds Successful 2024 Young Leaders Meeting
The National Stone, Sand & Gravel Association (NSSGA) convened its 2024 Annual Young Leaders Meeting in San Antonio. The meeting, held April 28-May 1, attracted more than 338 participants from across the country. This is the aggregates industry’s premier opportunity for professionals under the age of 40 to learn more about the industry, build leadership skills and grow a strong…
Read MoreMartin Marietta Down 8% in First Quarter
Martin Marietta Materials Inc. released results for the first quarter ended March 31, reporting total revenues of $1.251 billion, compared to $1.354 billion in the first quarter of 2023, a decrease of 8%.
Read MorePermitting Update: Tennessee
A rock quarry located near a Jefferson County elementary school must halt its operations following a Board of Zoning Appeals meeting on Tuesday. The quarry off of Highway 25 roughly 200 yards away from Piedmont Elementary has been met with community concerns over noise, dust, and regular blasting activity. Community members hired a lawyer in an effort to halt work…
Read MorePermitting Update: Ontario, Canada
The Ontario Land Tribunal ruled CBM Aggregates, a division of St. Marys Cement Inc. which operates over 60 gravel pits and quarries in Ontario, can expand the Lanci Pit by 14.8 hectares, or about 36.5 acres, with 10 hectares of that being the extraction area. The original pit, located on Concession 2 just west of Aberfoyle, had a licensed area…
Read MoreHolcim Touts First-Quarter North American Market Expansion
Holcim is reporting first-quarter 2024 net sales of CHF $5.586 billion, a 2.4% decline from CHF$5,725 in 2023. North America delivered margin expansion with a 3.9% increase in local currency recurring EBIT driven by strong underlying market demand. While the first quarter was impacted by fewer shipping days and adverse weather conditions, strong performance is expected to continue in 2024.…
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