Watson Joins Summit Materials

Summit Materials Inc. announced that effective Jan. 8, 2018, Karl H. Watson Jr. has been appointed executive vice president and chief operating officer, succeeding Douglas C. Rauh. Tom Hill, CEO of Summit, stated, “We are very pleased to have Karl join Summit. I have known him for years and his depth and breadth of experience in our industry will add…

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First Look – September 2016

TOP NEWS IRONDIRECT DEBUTS ONLINE BUYING PLATFORM IronDirect unveiled its brand and business model to the aggregates, mining and construction industries. IronDirect is “a first-of-its-kind platform for buyers of heavy construction equipment and parts,” according to the company, and can “reduce equipment costs by up to 50 percent.” Martin Marietta Sales Surge Martin Marietta Materials Inc. reported results for the…

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FIRST LOOK – JUNE 2016

TOP NEWS Vulcan First-Quarter Revenues Leap 20 Percent Vulcan Materials Co. announced results for the first quarter ending March 31, 2016. The company said its first-quarter results reflect continued strong revenue growth and margin expansion. Martin Marietta Soars to Record Results in First Quarter Martin Marietta Materials Inc. reported results for the first quarter ended March 31, 2016. Ward Nye,…

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Positive Signals for the Future

Shortly after I completed my August issue editorial, the Senate passed its version of the highway bill. As we wait for the House to finalize its version of the bill, then contemplate the mysteries of the universe while they try to reconcile the two bills, here are a few interesting construction-economy items.  

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First Look – September 2015

TOP NEWS Vulcan Reports Q2 Gains Vulcan Materials Co. announced results for the second quarter ending June 30, 2015. The company is reporting that total revenues increased $104 million, or 13 percent, to $895 million. Summit Materials Makes Acquisition Summit Materials Inc. has completed the acquisition of LeGrand Johnson Construction Co., a vertically integrated construction materials company. Martin Marietta Sales…

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Record Rainfall Dampens Martin Marietta’s Q2 Results

Martin Marietta Materials Inc. announced its results for the second quarter ended June 30, 2015. The company is reporting consolidated net sales of $850.2 million compared with $601.9 million a year earlier, an increase of 41 percent. The company is also framing its results as “record net sales and operating earnings, despite the record rainfall experienced in its market areas.”

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