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…
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Martin 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%…
Read MoreKen Mulzer Honored with IMAA’s 2022 Keystone Award
The Indiana Mineral Aggregates Association (IMAA) presented its 2022 Keystone Award to Ken Mulzer, president of Mulzer Family of Companies, at the association’s annual Winter Workshops & Award Banquet held in Indianapolis.
Read MoreExtreme Weather Hampers Granite First-Quarter Results
Granite Construction Inc. announced results for the quarter ended March 31, reporting a net loss of $23 million, or $0.53 per diluted share, compared to net loss of $27 million, or $0.58 per diluted share, for the same period in the prior year.
Read MoreTRIP: Costly to Drive Maryland Roads
As vehicle travel in Maryland returns to near pre-pandemic levels, the state’s congested roads, highways and bottlenecks choke commuting and commerce and cost the state’s drivers a total of $5.8 billion annually – up to $2,465 per driver – in the form of auto and truck delays, wasted fuel and emissions.
Read MoreSelect Sands Product Sales Up 8% in 2022
Select Sands Corp. announced operational and financial results for the fourth quarter of 2022. The company:
Read MoreGZA GeoEnvironmental Acquires Glorieta Geoscience
GZA GeoEnvironmental Inc. (GZA), a multi-disciplinary firm providing geotechnical, environmental, ecological, water, and construction management services, has acquired Glorieta Geoscience Inc. (GGI), a provider of professional consulting services in groundwater development, water rights, agricultural science, litigation support and environmental science throughout the Western United States. Founded in 1979 and headquartered in Santa Fe, GGI serves federal, state, and municipal entities,…
Read MoreRitchie Bros. Sells More Than CA$225 Million of Equipment in Edmonton, Canada
Ritchie Bros. conducted its largest Canadian auction of the year, selling more than 12,000 equipment items and vehicles over five days, generating more than CA$225 million (More than US$164 million) in gross transaction value. The April 24-28, online and onsite auction attracted more than 21,000 bidders from 50 countries, with approximately 93% of the equipment selling to Canadians, including 59%…
Read MoreRock Products Sponsors Mark S. Walsh Award
May 1, 2023 – The National Stone, Sand & Gravel Association’s Young Leaders Annual Meeting was held in Fort Lauderdale, Fla., April 23-26. At the event, the Mark S. Walsh Award – sponsored by Rock Products – was presented to Danette Swank of Philippi-Hagenbuch by Josephine Patterson, Rock Products’ managing editor. This award is given to an aggregates industry member who embodies the qualities of professionalism, enthusiasm and commitment…
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