Granite Construction Inc. provided a business update and second quarter 2020 preliminary select financial information.
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Smart Sand Revenues Down Sharply in Second Quarter
Smart Sand Inc. announced results for the second quarter 2020. Revenues were $26.1 million in the second quarter of 2020, compared to $47.5 million in the first quarter of 2020 and $67.9 million in the second quarter of 2019. Included in revenues were $14.0 million, $1.3 million, and $16.3 million of shortfall revenues for each respective period.
Read MoreU.S. Silica Loses $32.4 Million in Second Quarter
U.S. Silica Holdings Inc. announced second quarter 2020 results, including a net loss of $32.4 million, or $(0.44) per basic and diluted share. The second quarter results were negatively impacted by $33.4 million, or $0.35 per share, of charges related to asset impairments, plant startup and expansion, facility closure costs, and other adjustments, resulting in adjusted EPS for the second…
Read MoreArcosa Sees Spike in Construction Materials Business
Arcosa Inc. reported that total revenues increased 15% to $498.5 million in the second quarter. Construction materials revenues increased 28% to $148.2 million in the second quarter, driven primarily by the acquisition of Cherry Industries. “In our legacy construction aggregates businesses, natural aggregates revenues were higher due to a robust increase in volume, partially offset by weakness in our plants…
Read MoreMDU Resources Group Reports Record Earnings
MDU Resources Group Inc. reported second quarter earnings of $99.7 million, or 50 cents per share, a 61% increase over second quarter 2019 earnings of $61.8 million, or 31 cents per share. For the six months ended June 30, MDU Resources earned $124.8 million, or 62 cents per share, compared to $102.7 million, or 52 cents per share, in 2019.
Read MoreU.S. Concrete Aggregate Products Revenue an All-Time High
U.S. Concrete Inc. reported results for the quarter ended June 30. Consolidated revenue was $322.7 million, versus $367.5 in the second quarter of 2019. However, operating income more than tripled from the prior-year second quarter to $21.6 million.
Read MoreVulcan Aggregates Sales Rise in Second Quarter
Vulcan Materials Co. announced results for the quarter ended June 30. Total revenues were $1.323 million versus $1.328 million in the second quarter of 2019. Year-to-date revenues were $2.372 million versus $2.324 million in the first six months of 2019.
Read MoreLafargeHolcim Calls North American Performance ‘Remarkable’
LafargeHolcim reported half-year sales of CHF$10.7 million versus CHF$13 million during the same period in 2019. North American sales of aggregates reached 45.2 million metric tons (Mt) in the first half of 2020 versus 45.7 Mt in the first half of 2019, a decline of 1.1%. Cement sales were off slightly while ready mixed sales were up.
Read MoreCat Sales and Revenues Plunge 31%
Caterpillar Inc. announced second-quarter 2020 sales and revenues of $10.0 billion, a 31% decrease compared with $14.4 billion in the second quarter of 2019. The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Dealers decreased machine and engine inventories about $1.4 billion during the second quarter of 2020,…
Read MoreEagle Reports Record Revenue, Including Aggregates Gains
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2021 ended June 30. The company is reporting record revenue of $428.0 million, up 15%.
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