CEMEX, S.A.B. de C.V. announced continued solid top-line growth, with third-quarter net sales growing 13%. Pricing was the main driver with cement, ready-mix and aggregates, increasing double digits. EBITDA and EBITDA margin continued to be impacted by persistent inflationary headwinds that outpaced the company’s pricing efforts. Third quarter highlights include: Net sales increased 13% to $3,956 million. Operating EBITDA decreased…
Read MoreMonth: October 2022
GCAA Courts Technical Colleges
“The aggregate industry in Georgia is searching for ways to promote our industry as well as help our members fill voids in workforce shortage,” said the Georgia Construction Aggregate Association (GCAA). A small group of producer members was formed in the spring to help tackle this important issue. GCAA and producer members have started a dialogue with the Georgia Technical…
Read MoreUnited States Lime & Minerals’ Third-Quarter Revenues Up 27%
United States Lime & Minerals Inc. reported third quarter 2022 results. The company’s revenues in the third quarter 2022 were $66.5 million, compared to $52.3 million in the third quarter 2021, an increase of $14.1 million, or 27.0%. For the first nine months 2022, company revenues were $177.9 million, compared to $143.1 million in the first nine months 2021, an…
Read MoreCountering NIMBY With Market Intelligence
Oct. 26, 2022 – Stuart Burgess of Burgex Inc. wrote a great feature in the October issue of Rock Products. The article focuses on how the company’s Mineralocity Aggregates platform was used to address community concerns In Parleys Canyon, Utah. Burgess writes, “The idea behind NIMBY is that local residents aren’t necessarily opposed to the ideas behind a project, but want it to be built somewhere…
Read MoreEagle Materials Reports Record Second Quarter Results
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2023 ended Sept. 30. The company is reporting record revenue of $605 million, up 19%, and record net earnings of $139 million, up 36%, and net earnings per share of $3.72, up 51%. Commenting on the results, Michael Haack, president and CEO, said, “At this unique time in the…
Read MoreDoosan Articulated Dump Truck Wins Highest Retained Value Award
EquipmentWatch recently presented Doosan Infracore North America with the 2022 Highest Retained Value Award for the DA30 articulated dump truck (ADT). According to EquipmentWatch, the data-driven awards recognize excellence among construction, lift and agricultural equipment manufacturers. EquipmentWatch uses proprietary algorithms, depreciation schedules and other data, and their analysts predict which equipment will give customers a greater return on investment five…
Read MoreABB, FLSmidth to Collaborate on Environmental and Productivity Solutions
Global technology companies ABB and FLSmidth will collaborate to look at ways to advance environmental and productivity solutions for mining customers under a new agreement.
Read MoreGranite Reaps Safety Recognition from NSSGA
Granite announced it has been awarded eight Awards of Excellence from the National Stone, Sand & Gravel Association (NSSGA) in 2022. The Awards of Excellence program recognizes “NSSGA member company operations’ achievements in the areas of Community Relations, Environmental, Safety, and Sterling Safety Awards.” Granite secured awards in all four areas, with three Environmental Awards (all bronze), one Safety Award (Bronze),…
Read MoreBruening Rock Products Gifts New Truck to 40-Year Employee
Oct 21, 2022 – Jerome Halweg started working for Bruening Rock Products (BRP), Decorah, Iowa, in the 1970s but left to become a farmer, according to a story in the Decorah News. Several years later – in 1982 – he returned to BRP. Halweg was recently recognized for his contributions over the last 40 years by getting handed the keys to a brand-new truck. Now…
Read MoreMSHA Reports 22nd Fatality of 2022
The Mine Safety and Health Administration (MSHA) reported that on Sept. 28, a miner at Teichert Inc.’s Spanish Springs plant, Washoe County, Nev., died when he was engulfed in a collapsed stockpile. The miner was working close to the toe of the stockpile to remove material off the top of a surge tunnel’s feeder to clear a blockage.
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