Summit Materials Inc. announced record results for the second quarter 2020. For the three months ended June 27, the company reported net income attributable to Summit Inc. of $57.1 million, or $0.50 per basic share, compared to net income attributable to Summit Inc. of $36.4 million, or $0.32 per basic share in the comparable prior year period. Summit reported adjusted diluted net…
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Source Reports First-Quarter Results
Source Energy Services Ltd. reported that for the three months ended March 31, the impacts of COVID-19 on the industry lead to the company recognizing a net loss of $185.3 million or $(3.08) per share, including non-cash pre-tax charges for impairment and deferred tax asset write-down of $180.0 million.
Read MoreAthabasca Minerals Provides Business Update
Athabasca Minerals Inc. (AMI) announced its financial results for the first quarter ended March 31. Aggregate sales revenue totaled $489,000.
Read MoreEagle Materials Reports Record Revenue
Eagle Materials Inc. reported financial results for fiscal year 2020 and the fiscal fourth quarter ended March 31. The company is reporting record revenue of $1.5 billion, up 4% for fiscal year 2020 and record revenue of $315.4 million in the fiscal fourth quarter, up 11%.
Read MoreMDU Construction Materials Business Down in First Quarter
MDU Resources Group Inc. reported first quarter earnings of $25.1 million, or 13 cents per share, compared to first quarter 2019 earnings of $40.9 million, or 21 cents per share.
Read MoreVulcan Revenues Top $1 Billion in First Quarter; Aggregates Sales Up
Vulcan Materials Co. reported first-quarter total revenue of $1.05 billion, versus $996.5 million for the same period in 2019. First quarter Aggregates segment sales increased 4%, and gross profit increased 5% to $194 million, or $4.31 per ton. These improvements resulted from growth in shipments in certain key markets and wide-spread growth in pricing, the company stated.
Read MoreU.S. Concrete Aggregates Volumes Increase in First Quarter
U.S. Concrete Inc. reported results for the quarter ended March 31, 2020. The company’s first-quarter 2020 results compared to first-quarter 2019 include:
Read MoreMartin Marietta Reports Strong First Quarter
Martin Marietta Materials Inc. reported results for the first quarter ended March 31, 2020. Total revenues were $958.2 million, versus $939 million in the first quarter of 2019.
Read MoreLafargeHolcim Achieves Resilient First-Quarter Results Amid COVID-19
LafargeHolcim had a strong start to the year as its first-quarter performance remained well ahead of last year’s results until mid-March, when the impact of COVID-19 spread beyond China into all business regions, the company reported. Nevertheless, first-quarter results remained resilient with net sales down 3.3% and Recurring EBIT down 2.6% compared to the prior-year period, both on a like-for-like basis.
Read MoreSummit Evaluates Direction Forward
April 29, 2020 – While COVID-19 is not having a major impact – yet – on current business conditions, companies are certainly putting future plans on hold and evaluating expansion opportunities. Summit Materials in its first-quarter report noted, “Summit is withdrawing its previously announced 2020 Adjusted EBITDA guidance until the company has better visibility into the extent of economic disruption related…
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