In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore The Aggregates sector has continued to benefit from robust construction demand, despite persistent supply chain disruptions and rising inflation. The merger and acquisition (M&A) market has remained…
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CalPortland Seals the Deal
Aug. 11, 2022 – The I’s are dotted and the T’s are crossed. CalPortland announced that the purchase of the Redding cement plant and other assets from Martin Marietta Materials was successfully completed. In addition to the Redding cement plant in Northern California, the assets include related cement distribution terminals and 14 ready mixed concrete plants located in California. “We…
Read MoreMartin Marietta Shipments Rise
July 28, 2022 – The publicly traded companies are starting to report second-quarter and first-half results. Martin Marietta Materials, in its second-quarter report, noted that aggregates shipments totaled 57.8 million tons, a 9.3% increase, versus 52.9 million tons in the second quarter of 2021. For the first six months of the year, the company is reporting aggregates shipments of 99.9 million tons, a 11% increase versus 90.0 million tons in the…
Read MoreMartin Marietta Boasts Record Q2 Aggregates, Cement Revenues
Martin Marietta Materials Inc. reported results for the second quarter ended June 30. The company is reporting revenues of $1.524 billion versus $1.295 billion in the second quarter of 2021, a 17.6% increase.
Read MoreGCAA Midyear Meeting a Success
The Georgia Construction Aggregate Association (GCAA) Annual Midyear Meeting was a great success, according to Executive Director Jeff Wansley. The meeting was held on June 23-26 at the Ponte Vedra Inn & Club in Ponte Vedra Beach, Fla. More than 220 attended the event, including producer and associate members and their families.
Read MoreNSSGA Celebrates 30th Anniversary of Young Leaders
The National Stone, Sand & Gravel Association (NSSGA) gathered current Young Leaders and alumni in San Diego to celebrate the group’s 30th Anniversary. The meeting, held from May 1-4, attracted a record attendance of more than 325 participants, who heard from industry leaders; participated in community service activities; and welcomed their new committee leadership. During the Monday general session, NSSGA Chair…
Read MoreMartin Marietta Update
May 3, 2022 – Martin Marietta Materials consolidated revenues crossed the billion-dollar mark in the first quarter of this year, according to its just-released report. Now that is a great start to the year, increased costs notwithstanding. The company also reiterated these “portfolio optimization” efforts that were recently reported. On March 1, the company announced a definitive agreement to sell its Redding…
Read MoreMartin Marietta Achieves Record Quarterly Consolidated Revenues
Martin Marietta Materials Inc. reported results for the first quarter ended March 31. The company is reporting record first-quarter consolidated revenues of $1.147.8 billion compared to $921.9 million in last year’s first quarter, a 24.5% increase. Ward Nye, chairman and CEO of Martin Marietta stated, “In the first quarter, Martin Marietta again exceeded world-class safety metrics and achieved record consolidated revenues, which benefitted…
Read MoreMartin Marietta Educates Future Generations
The Company Supports the Earth Moves exhibit at Durham’s Museum of Life and Science. By Therese Dunphy Imagine an environment where children play among rocks and a waterfall, cool off in an erosion stream, explore sandstone caves and – along with their parents – learn about the region’s geology. That’s exactly what can be found at the Earth Moves exhibit,…
Read MoreMartin Marietta Achieves Record Safety Performance
Martin Marietta employees set new benchmarks for safety in 2021 as the company completed its safest year on record. Heritage operations reduced reportable incidents by 21%, which led to Martin Marietta teams achieving a total injury incidence rate (TIIR) of 0.84; the performance exceeded the world-class TIIR standard of 0.90 for the first time in company history. Three operating divisions…
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