Summit Materials Delivers Strong Finish to 2020

Summit Materials Inc. announced results for the fourth quarter and full year 2020. For the three months ended Jan. 2, 2021, the company reported net income attributable to Summit Inc. of $35.2 million, or $0.31 per basic share, compared to net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share in the comparable prior-year period. 

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Concrete Information

Feb. 18, 2021 – According to the National Ready Mixed Concrete Association, estimated ready mixed concrete production in November 2020 is 31.6 million cu. yd., 8.9% higher than that in November 2019. The estimated production in the United States for 2020 through November is 350 million cu. yd., approximately 1% higher than that during the same period in 2019. Ready mixed concrete production is estimated from cement shipments…

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Vulcan Reports Strong Aggregates Unit Profitability

Vulcan Materials Co. announced results for the quarter ended Dec. 31, 2020, and the full year. Total revenues in the fourth quarter were $1,175.1 billion, down from $1,186.2 billion in the fourth quarter of 2019. Total revenues for the full year were $4,856.8 billion down from $4,929.1 billion in 2019.

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Eagle Sets the Pace

Jan. 28, 2021 – The first quarterly reports of the year are starting to come in, and Eagle Materials has set the pace with a strong quarter. Given the influence of the pandemic and the economic roller coaster we have seen over the past three months, the company’s performance is quite impressive. Excluding the results from business units sold in its first…

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Argos USA, Liability Heir, Cooperates in Feds’ Concrete Price-Fixing Investigation

Argos USA, Alpharetta, Ga., has entered a deferred prosecution agreement (DPA) resolving a DOJ Antitrust Division charge of conspiring to fix prices, rig bids and allocate sales for ready mixed concrete in Savannah, Ga., and neighboring markets under U.S. District Court for the Southern District of Georgia jurisdiction, according to the U.S. Department of Justice Antitrust Division.

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LSU Researchers Advance Work in Bendable Concrete

In 2019, researchers from Louisiana State University’s (LSU) Bert S. Turner Department of Construction Management advanced their research into Engineered Cementitious Composites, or “bendable concrete,” by adding a new ingredient to the recipe and replacing the fine river sand used with sugarcane bagasse ash (SCBA).

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