U.S. Silica Holdings Inc. reported net income of $26.0 million, or $0.34 per diluted share, for the second quarter ended June 30, compared with a net loss of $20.8 million, or $0.28 per diluted share, for the first quarter of 2021.
Read MoreYear: 2021
Source Energy Services Grows Market Share
Source Energy Services Ltd. said that for the three months ended June 30, the company grew market share in the Western Canadian Sedimentary Basin (WCSB), realizing sand sales volumes of 557,208 metric tonnes (MT) and sand revenue of $58.1 million
Read MoreThis Week’s Market Buzz
• Oil prices slid at press time, building on last week’s steep losses, as rising Covid cases prompted fears of a demand slowdown. West Texas Intermediate crude futures declined 2.5% to trade at $66.60 per barrel. International benchmark Brent crude declined 2.2% to $69.15 per barrel.
Read MoreGranite Construction Posts Solid Quarter
Granite Construction announced results for the second quarter ended June 30, reporting that net income increased to $54.5 million, or $1.14 per diluted share, compared to net income of $3.4 million, or $0.07 per diluted share, for the same period year-over-year.
Read MoreAEM’s Slater to Retire
August 9, 2021 – The Association of Equipment Manufacturers (AEM) announced that Dennis J. Slater will retire as AEM president, effective Dec. 31, 2021. The AEM board of directors has selected AEM’s Senior Vice President, Construction & Utility Sector Megan Tanel to succeed Slater and serve as AEM president effective Jan. 1, 2022. Slater, 63, joined AEM’s predecessor the Construction Industry Manufacturers Association (CIMA) in…
Read MorePhilippi-Hagenbuch HiVol Water Tanks Offer Maximum Capacity, Safety
Philippi-Hagenbuch’s line of patented HiVol Water Tanks deliver exceptional safety in a design that optimizes capacity and enhances travel safety. The company developed its HiVol Water Tanks with a safety focus, and they fit any make or model of off-highway truck. The tanks are an ideal solution for a multitude of applications, including dust suppression, fire protection and haul road…
Read MoreDodge Momentum Index Dips in July
The Dodge Momentum Index fell to 155.8 (2000=100) in July, a 6% decline from the revised June reading of 164.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreArcosa Acquires Southwest Rock Products
Arcosa has acquired Arizona-based Southwest Rock Products LLC and affiliated entities for $150 million. Southwest Rock is a pure-play natural aggregates company serving the greater Phoenix metropolitan area with five active sand and gravel locations and one hard rock quarry producing approximately five million annual tons of construction aggregates.
Read MoreSummit Materials: West Versus East
August 5, 2021 – Summit Materials Inc. released its second-quarter report, revealing aggregates sales volumes increased 14.7% in the second quarter of 2021 when compared to the prior year period on organic growth in both its West and East segments.
Read MoreSummit Materials Reports Increased Aggregates Sales Volume
Summit Materials Inc. achieved net income attributable to Summit Inc. of $56.7 million, or $0.48 per basic share in the second quarter 2021 compared to net income attributable to Summit Inc. of $57.1 million, or $0.50 per basic share in the comparable prior year period.
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