Martin Marietta: Aggregates Deep Dive

Oct. 30, 2020 – Martin Marietta’s third-quarter aggregates shipments to the infrastructure and nonresidential end-use markets declined, while shipments to the residential market increased slightly. Aggregates pricing improved 2.7%, or 4.0% on a mix-adjusted basis. Full-year 2020 pricing is expected to increase 3% to 4%. East Group shipments decreased 8.8%, reflecting weather-delayed projects in the Mid-Atlantic and Southeast, anticipated lower infrastructure shipments in portions of North Carolina and…

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Summit Aggregates Segment Hangs Tough

LN072220 NoonanHeadshot

Oct. 28, 2020 – Summit Materials reported that net revenue increased $38.5 million to $1,562.9 million in the nine months ended Sept. 26, primarily resulting from organic growth in aggregates and ready-mix concrete. Aggregates sales volumes increased 3.1% in the third quarter 2020 when compared to the prior-year period on higher volumes in Texas, partially offset by lower volumes in Missouri, Kentucky and British Columbia. Average…

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