U.S. Silica Loses $32.4 Million in Second Quarter

U.S. Silica Holdings Inc. announced second quarter 2020 results, including a net loss of $32.4 million, or $(0.44) per basic and diluted share. The second quarter results were negatively impacted by $33.4 million, or $0.35 per share, of charges related to asset impairments, plant startup and expansion, facility closure costs, and other adjustments, resulting in adjusted EPS for the second…

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Arcosa Sees Spike in Construction Materials Business

Arcosa Inc. reported that total revenues increased 15% to $498.5 million in the second quarter. Construction materials revenues increased 28% to $148.2 million in the second quarter, driven primarily by the acquisition of Cherry Industries. “In our legacy construction aggregates businesses, natural aggregates revenues were higher due to a robust increase in volume, partially offset by weakness in our plants…

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MDU Resources Group Reports Record Earnings

MDU Resources Group Inc. reported second quarter earnings of $99.7 million, or 50 cents per share, a 61% increase over second quarter 2019 earnings of $61.8 million, or 31 cents per share. For the six months ended June 30, MDU Resources earned $124.8 million, or 62 cents per share, compared to $102.7 million, or 52 cents per share, in 2019.

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Vulcan Looks Ahead

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Aug. 4, 2020 – Vulcan Materials released its second-quarter report and aggregates sales were up. Regarding the company’s outlook, Tom Hill, chairman and chief executive officer stated, “Although the economic environment is showing signs of improvement, the pandemic’s effect on demand and the broader economy remains unclear. As a result, we are not reinstating earnings guidance at this time. While demand is…

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Cat Sales and Revenues Plunge 31%

MF073120 CatLogo

Caterpillar Inc. announced second-quarter 2020 sales and revenues of $10.0 billion, a 31% decrease compared with $14.4 billion in the second quarter of 2019. The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Dealers decreased machine and engine inventories about $1.4 billion during the second quarter of 2020,…

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Martin Marietta’s Second Quarter

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July 28, 2020 – Martin Marietta reported a decrease in aggregates shipments in the second quarter, although company gross profit hit record amounts. But what about the company’s other segments? Second-quarter cement shipments decreased 2.7%, driven by reduced demand for West Texas oil-well specialty cement products caused by historically low oil prices. While cement pricing increased attractively in North Texas, Houston, and portions of…

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