Granite Construction Inc. announced results for the fourth quarter and year ended Dec. 31, 2022. Fourth quarter 2022 net income totaled $22 million, or $0.46 per diluted share, compared to a net loss of $13 million, or $0.29 per diluted share, in the same period of the prior year. Fourth quarter 2022 adjusted net income totaled $25 million, or $0.56 per diluted…
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Vulcan Materials Rolls to Strong Quarterly, Full-Year Results
Vulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2022. In the fourth quarter 2022, the company reported total revenues of $1.732 billion versus $1.606 billion in the fourth quarter of 2021. For full-year 2022, the company reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30% increase.
Read MoreVulcan’s Hill Sees Market Strength
Feb. 16, 2023 – In its just released quarterly report, Vulcan Materials reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30% increase. Regarding the company’s outlook, Tom Hill, Vulcan Materials’ chairman and chief executive officer, said, “Most leading indicators of demand remain healthy in the near term, and we carry strong pricing momentum into 2023.…
Read MoreMartin Marietta Achieves Record 2022 Revenues
Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2022, noting full-year records for revenues, profitability and safety performance. While fourth-quarter 2022 total revenues were lower, $1.477 billion versus $1,496 billion in 2021, full-year 2022 revenues totaled $6.161 billion, up from $5.414 billion in 2021.
Read MoreMartin Marietta Looks Ahead
Feb. 15, 2023 – Martin Marietta Materials had a slower 2022 fourth quarter than expected, but reported record revenues for full-year 2022. Aggregates revenues were, however, strong in 2022’s fourth quarter, $849 million, versus $827 million in the fourth quarter of 2021. For full-year 2022, aggregates revenues were $3.506 billion versus $3.059 billion in 2021. Looking ahead, Ward Nye, chairman…
Read MoreSummit Materials Reports Third Quarter Results; Acquisition
Summit Materials Inc. announced results for the third quarter ended Oct. 1. Net revenue increased $23.8 million, or 3.6% in the third quarter to $686.0 million, due to increases in average sales prices across all lines of business that more than offset the impact of divestitures.
Read MoreNorth American Business Bolsters Holcim’s Third Quarter
In the third quarter of 2022, Holcim delivered another quarter of record results with net sales of CHF$8,045 million, up 16.3% on a like-for-like basis (LFL) compared to the prior year, or +10.4% of absolute growth. Net sales over the first nine months of 2022 were CHF$22,725 million, or 13.9% higher LFL than the prior-year period.
Read MoreMDU Resources Construction Materials Business Boasts Record Revenues
MDU Resources Group Inc. reported third-quarter earnings on a generally accepted accounting principles (GAAP) basis of $147.9 million, or 73 cents per share, with adjusted earnings of $152.0 million, or 75 cents per share, compared to third quarter 2021 GAAP earnings of $139.3 million, or 68 cents per share.
Read MoreHeidelberg Materials Weathers High Energy Costs
Heidelberg Materials reported that revenue in the third quarter increased by 13% to €15.8 billion (+12% on a like-for-like basis.) Excluding consolidation and exchange rate effects, the rise amounted to 12.3%. In particular, price increases in all group areas contributed to the revenue growth. Changes to the scope of consolidation of €622 million had a negative effect on revenue, while exchange rate…
Read MoreVulcan’s Hill Look Ahead
Aug. 4. 2022 – In its just-released second-quarter report Vulcan Materials’ Chairman and Chief Executive Officer Tom Hill looked into his crystal ball, noting, “We are updating our full-year Adjusted EBITDA guidance range to reflect the considerable pricing momentum in our aggregates business as well as higher than expected energy-related cost inflation that is currently impacting each of our segments. Additionally, our…
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