Eagle Materials Inc. reported financial results for the third quarter of fiscal 2015 which ended Dec. 31, 2014. Notable items for the quarter in relation to the prior-year’s third quarter include: Record quarterly revenues of $292 million, up 27 percent. Record third quarter cement earnings of $37.6 million, up 44 percent. Record quarterly paperboard earnings of $9.1 million, up 37 percent. Wallboard…
Read MoreMonth: February 2015
World of Concrete Takes Over Vegas
February 5, 2015 –Rock Products is blogging live from World of Concrete in Las Vegas this week. It’s official! World of Concrete 2015 is the largest show in more than six years with 674,000+ net sq. ft. of indoor and outdoor exhibit space and more than 1,400 exhibitors. Show organizers expect more than 50,000 people to come through the turnstiles. The increase in…
Read MorePCA’s Sullivan Addresses Oil Impact on Construction
The falling cost of oil will not just impact consumers at the pump, but will lead to an impact on construction in the United States, according to Portland Cement Association Chief Economist and Group Vice President Edward J. Sullivan. Along with low oil prices that are beneficial to U.S. economic growth and an expected 20 to 30 basis points added to real…
Read MoreMatson Promoted at Rogers Group
Darin Matson was elected to the role of executive vice president and chief operating officer for Rogers Group Inc., with corporate headquarters in Nashville, Tenn. Matson’s most recent position was that of division vice president of RGI responsible for the company’s operations in Arkansas and western Kentucky with additional responsibility for the company’s corporate functions of business development, information systems, human…
Read MoreGroundhog Day
Feb. 2, 2015 – It is Groundhog Day. My understanding this year is that Punxsutawney Phil came out of his hole in the ground, saw his shadow and went back inside, meaning six more weeks of winter. He is less known, but Crushed Stone Stan came out of his underground aggregates operation, saw his shadow and went back inside, meaning six more months…
Read MoreObama’s Blockbuster Infrastructure Proposal: $478 Billion
President Barack Obama’s just-released $4 trillion budget includes a proposal for a six-year, $478-billion plan to invest in the nation’s infrastructure. The proposal also answers the main objection of critics who demand to know how it will be paid for: by closing a tax loophole that allows U.S. firms to avoid paying taxes on overseas profits, according to the White…
Read MoreConstruction Spending Ends Month, Year on High Note
The U.S. Census Bureau of the Department of Commerce reported that construction spending during December 2014 was estimated at a seasonally adjusted annual rate of $982.1 billion, 0.4 percent (±1.3 percent) above the revised November estimate of $978.6 billion. The December figure is 2.2 percent (±1.6 percent) above the December 2013 estimate of $961.2 billion.
Read MoreContinental Acquires Veyance
Continental concluded its acquisition of U.S. rubber company Veyance Technologies Inc, Fairlawn, Ohio, on Jan. 30. On Jan. 29, the Brazilian antitrust authority CADE (Council for Economic Defense) cleared the transaction with certain conditions, thus providing the approvals necessary for completion. International automotive supplier, tire manufacturer and industrial partner Continental is boosting its worldwide industrial business with this acquisition, which…
Read MoreAGG1 Preview: Stedman “Expect More”
Stedman will be promoting its “Expect More” HSI impactor line in Booth 1538 at AGG1 by re-educating process engineers about the unique design aspects of impactors. HSIs are capable of high ratio size reduction with no decrease in quality of the product even after long periods of operation. High size reduction ratios offer cost savings in handling, maintenance and wear parts.…
Read MoreAggregates Production Rises in 2014
In 2014, total construction aggregates production rose to an estimated 2.171 billion metric tons, representing a total value of $19.8 billion, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2015 report. The estimated production volume represents more than a 7 percent increase over 2013 total production, which was a reported 2.027 billion metric tons. An estimated 1.26 billion metric tons of…
Read More