Rock Products Logo
 

Summit Materials Reports Revenue Increase; Weather-Related Losses

Summit Materials Inc. announced results for the first quarter 2018. Net revenue increased by 11.9 percent to $289.9 million in the first quarter 2018, versus $259.0 million in the prior-year period. The improvement in net revenue was primarily attributable to acquisition-related contributions in the East and West segments, coupled with organic growth in the West Segment. 

Read more: Summit Materials Reports Revenue Increase; Weather-Related Losses

Acquisition Activity Impacts Granite Construction's First Quarter

Granite Construction Inc. reported a net loss of $11.4 million for the quarter ended March 31, 2018, compared to a net loss of $23.8 million in the first quarter of 2017. First quarter 2018 results include the impact of acquisition expenses related to Granite’s announced and pending acquisition of Layne Christensen Co. and from its recently completed purchase of LiquiForce. 

Read more: Acquisition Activity Impacts Granite Construction's First Quarter

Aggregates Strength Drives Vulcan's First-Quarter Success

Vulcan Materials Co. announced that first-quarter earnings from continuing operations increased 23 percent year-over-year to $53 million on a 9 percent increase in total revenues. Gross profit was $159 million, led by a 7 percent increase in Aggregates segment gross profit to $148 million.

Read more: Aggregates Strength Drives Vulcan's First-Quarter Success

MSHA Issues Close Call Accident Alert After Material Slide

The Mine Safety and Health Administration (MSHA) reported that on April 18, a front-end loader operator observed that a portion of the "dirt dump" or refuse pile located on the top rim of the quarry had sloughed and the material had slid down to multiple benches below.  

Read more: MSHA Issues Close Call Accident Alert After Material Slide