CGC Inc., the Canadian division of USG Corp., announced plans to revitalize and relaunch a state-of-the-art gypsum quarry in Little Narrows, Nova Scotia, Canada. This CAD$104 million investment will reinforce CGC’s supply of raw gypsum material – the largest in the world – to meet the growing demand of customers with easy, reliable access to world-leading wallboard products. Once fully…
Read MoreDay: May 4, 2023
MDU Reports Earnings; Approves Knife River Separation
MDU Resources Group Inc. reported first-quarter earnings on a generally accepted accounting principles (GAAP) basis of $38.3 million, or 19 cents per share, with adjusted earnings of $46.6 million, or 23 cents per share, compared to first quarter 2022 GAAP earnings of $31.7 million, or 16 cents per share. MDU Resources announced on Aug. 4, 2022, its intent to separate…
Read MoreCASE Offers Innovative Lease Program
CASE Construction Equipment excavators are now offered through an innovative lease program called The CASE Power Lease, from the manufacturer and CNH Industrial Capital. Equipment owners throughout the United States and Canada can get behind an all-new CASE D Series or E Series excavator (13-metric ton and larger) with greater confidence and predictable expenses – plus the extremely rare ability…
Read MoreConExpo-Con/Agg: Eagle Iron Works
Eagle Iron Works has offered customers reliable, easy-to-operate equipment to handle washing and classifying applications since 1872. After celebrating 150 years of business in 2022, EIW has expanded its product line to show the industry that the company will continue meeting the demands of the industry for the next 150 years.
Read MoreREMA TIP TOP Acquires Knapheide Conveyor Technology Division
H. Gulich’s Nachf. Fördertechnik GmbH, a company of the globally operating REMA TIP TOP Group, acquired the conveyor technology division of Knapheide GmbH Hydraulik-Systeme. With the acquisition REMA TIP TOP expands its production capacity of high-quality conveyor belts in Germany. Founded in 1967, Knapheide is a highly specialized supplier of custom and turnkey hydraulics solutions as well as conveyor belts.…
Read MoreMetso Outotec’s Name Changes to Metso
Metso Outotec’s Annual General Meeting approved the board of directors’ proposal to change the company name to Metso Corp. “After the successful integration of Metso and Outotec, we will focus on growing a strong unified Metso company and brand,” said President and CEO of Metso, Pekka Vauramo. “We have combined two valuable companies into one strong Metso. Our focus is…
Read MoreMellott Partners with Southern Machinery
May 4, 2023 – Mellott Company has made another strong strategic move. Rich Blake, Mellott Company president and CEO, and Abbay Blankenship, Southern Machinery Co. owner and president, announced that their companies have entered into an agreement for Mellott to acquire Southern Machinery. “This is an exciting opportunity for our family, dedicated associates and loyal business partners,” Abbay said. “With…
Read MoreVulcan Revenues Up 7% in First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31, reporting total revenues of $1.649 billion, versus total revenues of $1.541 billion in the first quarter of 2022, about a 7% increase. Aggregates segment gross profit increased 25% to $303 million ($5.85 per ton). Gross profit margin expanded 170 basis points due to strong pricing growth and solid operational execution. Earnings improvement…
Read MoreMartin Marietta Total Revenues Spike 10% in First Quarter
Martin Marietta Materials Inc. announced results for the first quarter ended March 31, reporting total revenues of $1.354.1 billion, versus $1.230.8 in the first quarter of 2022, a 10.0% increase. The Building Materials business generated record first-quarter revenues of $1.27 billion, a 10.1% increase. Gross profit increased 99.4% to a first-quarter record of $275.9 million. Double-digit pricing gains, partially offset…
Read MoreSummit Materials First Quarter Revenues Rise 3.8%
Summit Materials Inc. announced results for the first quarter ended April 1, reporting net revenue of $407.3 million, versus $392.5 million in the first quarter of 2022, a 3.8% increase. Aggregates Segment net revenues increased by $20.3 million to $143.7 million in the first quarter. Aggregates adjusted cash gross profit margin decreased to 35.0% in the first quarter as compared to 36.3%…
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