FIRST LOOK – JUNE 2017

TOP NEWS Martin Marietta Off to Strong Start in 2017 Martin Marietta Materials Inc. reported strong results for the first quarter ended March 31, 2017. The company achieved record consolidated net sales of $791.7 million, an increase of 7.9 percent compared with $734.0 million in the prior-year’s first quarter. Cemex to Build Aggregates Distribution Terminal Cemex USA announced it is…

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Cemex to Build New Aggregates Distribution Terminal in Los Angeles

Cemex USA announced it is expanding its strong Southern California network with plans for a state-of-the-art rail-served distribution terminal in Los Angeles and a new aggregate loading system at its quarry in Victorville, Calif., to bring high-quality aggregates to metro Los Angeles and surrounding communities. The terminal is designed to accommodate the increase in construction projects across the region.

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Cemex U.S. Sales Up 2 Percent in First Quarter

Cemex announced that, on a like-to-like basis for its ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 6 percent during the first quarter of 2017 to $3.1 billion versus the comparable period in 2016. Operating EBITDA on a like-to-like basis increased by 2 percent during the quarter to $559 million versus the same period in 2016.

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Cemex Sells Pacific Northwest Materials Business

Cemex, S.A.B. de C.V. announced that one of its subsidiaries in the United States has signed a definitive agreement for the sale of its Pacific Northwest materials business consisting of aggregate, asphalt and ready mix concrete operations in Oregon and Washington to Cadman Materials Inc., a LehighHanson company and U.S. subsidiary of HeidelbergCement Group, for approximately $150 million.

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