Summit Materials Inc. announced results for the first quarter ended April 2, reporting Net Revenue decreased $6.0 million, or 1.5% in the first quarter to $392.5 million, primarily resulting from divestitures completed in 2021, partially offset by increases in average sales prices. Operating loss increased $9.2 million, or 36.9% in the first quarter to $34.3 million, as timing of price…
Read MoreDay: May 4, 2022
IROCK Crushers Promotes Dan Davis
IROCK Crushers promoted Dan Davis to senior technical sales manager. Davis has been an active member in the aggregates and construction industry for more than 40 years. With his extensive experience, Davis provided invaluable insight in his most recent position as Western regional sales manager at IROCK. In his new role, senior technical sales manager, Davis is bringing his diverse…
Read MoreNSSGA Commends Senate Committee for Water Infrastructure Legislation
Sen. Tom Carper (D-Del.), chairman of the Senate Committee on Environment and Public Works (EPW), and Sen. Shelley Moore Capito (R-W.Va.), ranking member of the EPW Committee, announced plans for the EPW Committee to markup the Water Resources Development Act of 2022. The Water Resources Development Act is biennial legislation that authorizes flood control, navigation, and ecosystem restoration projects for…
Read MoreSSAB To Host Fossil-Free Steel Webinar
SSAB is taking the lead in reducing the carbon footprint of the steel industry and is aiming to launch the world’s first fossil-free steel by around 2026. But how does fossil-free steel production actually work? And what’s the difference between green steel and fossil-free steel? SSAB will offer a fact-packed webinar to help you learn more about SSAB’s fossil-free steel…
Read MoreMarch Construction Spending Up Slightly; Highways Up Year Over Year
The U.S. Census Bureau announced that construction spending during March 2022 was estimated at a seasonally adjusted annual rate of $1,730.5 billion, 0.1% (±0.7%) above the revised February estimate of $1,728.6 billion. The March figure is 11.7% (±1.0%) above the March 2021 estimate of $1,548.6 billion. During the first three months of this year, construction spending amounted to $376.6 billion,…
Read MoreHill Sees Bright Year Ahead
May 3, 2022 – Vulcan Materials just reported a big first quarter, with total revenues increasing 44% to $1.541 billion. Regarding the company’s full-year outlook, Tom Hill, Vulcan Materials’ chairman and chief executive officer said, “We reiterate our full-year Adjusted EBITDA range of $1.72 to $1.82 billion. In the first quarter, we capitalized on the considerable momentum in our business, growing…
Read MoreVulcan Materials Reports Huge First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. Total revenues increased 44% to $1.541 billion, up from $1,068 billion in 2021, driven by the addition of U.S. Concrete (USCR) operations as well as price and volume growth in the company’s legacy businesses. Average selling prices increased in each product line, helping to offset inflationary pressures. Same-store aggregates…
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