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 MoreTag: Q1 2020
Athabasca 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 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 MoreGranite Says Financial Drivers Healthy, Stable
Granite Construction Inc. provided an update regarding the company’s operations and the impacts of the COVID-19 pandemic along with first quarter 2020 preliminary select financial information.
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…
Read MoreArcosa Rides Cherry Acquisition to Strong First Quarter
Arcosa Inc. reported that revenues increased 19% to $488.2 million in the first quarter of 2020. In its report, the company noted its response to COVID-19:
Read More