The U.S. Department of Labor announced that impact inspections completed by its Mine Safety and Health Administration (MSHA) at 18 mines in 12 states in June 2023 led the agency to issue 242 violations. The agency began impact inspections after the deaths of 29 miners in an explosion at the Upper Big Branch mine in April 2010, one of the…
Read MoreMonth: July 2023
New Home Sales Cool in June on Higher Mortgage Rates
Sales of newly built, single-family homes in June fell 2.5% to 697,000 seasonally adjusted annual rate from a downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. However, new home sales are up 23.8% from a year ago.It takes 400 tons of aggregates to construct…
Read MoreGranite’s Materials Revenue, Profit Increase in Second Quarter
Granite Construction announced results for the quarter ended June 30, reporting a net loss of $17 million, or $(0.39) per diluted share, compared to net income of $19 million, or $0.39 per diluted share, for the same period in the prior year. Net loss in the quarter was primarily attributable to a $51 million non-cash charge related to the refinancing…
Read MoreVolvo CE Dealer Expands Into Southwest
ROMCO Equipment, a Volvo Construction Equipment dealer serving Texas for over 60 years, is expanding its footprint in the Southwest with the acquisition of Sierra Machinery – the exclusive Volvo CE dealer in southwestern Texas and southern New Mexico.
Read MoreCarver Sand & Gravel Scores Wind Farm Contract
Carver Sand & Gravel LLC, a quarry in the state of New York, has signed the first ever subcontract for procurement of rock for a U.S. offshore wind farm with Great Lakes Dredge & Dock Corp. Great Lakes will use the rock to provide scour protection for offshore wind turbine foundations, and substations at Equinor and bp’s Empire Wind I…
Read MoreCat Improves D10 Dozer
The new, improved Cat D10 Dozer burns less fuel, increases productivity and improves uptime, according to the company. Featuring a stator clutch torque converter and load-sensing hydraulics, the new design is up to 6% more efficient than the Cat D10T2. Its combination of improved technology, longer component life, extended oil changes and increased serviceability reduces maintenance and repair costs up…
Read MoreCommand Alkon Transforms Service, Support Functions
Command Alkon announced a new Customer Operations organization focused on improving customer outcomes, delivering exceptional experiences and simplifying operations. Staying consistent with Command Alkon’s corporate strategy announced earlier this year, the company has made advancements in aligning team, product and services to deliver world-class experiences. The Professional Services group has implemented new processes and stayed laser-focused on customer outcomes. The Customer…
Read MoreCemex U.S. Business Up 10% in Second Quarter
Cemex reported second quarter 2023 results, with a net sales increase of 10% resulting in revenues of $4.566 billion. Net profit came in at $272 million, up 2% from the year-ago quarter. Cemex said it is close to its goal of recovering 2021 margins, set in 2022 in response to unprecedented inflation. Cemex’s operations in the United States reported a…
Read MoreEagle Materials Reports Record Quarterly Revenues
Eagle Materials is reporting record revenue of $601.5 million, up 7%, and record net earnings of $120.8 million, up 15%. Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, Joint Venture and intersegment Cement revenue, was $396 million, a 15% improvement. Heavy Materials operating earnings increased 19% to $81 million primarily because of higher Cement sales prices…
Read MoreMartin Marietta Reports Quarterly Records for Revenues, Profitability, Unit Margins
Martin Marietta Materials Inc. reported results for the second quarter ended June 30, including quarterly records for revenues, profitability and unit margins. The company achieved gross profit of $1.821 billion versus $1.642 billion in the second quarter of 2022. Second-quarter aggregates gross-profit-per-ton increased 27.9% to $6.80. The Building Materials business generated record quarterly revenues of $1.74 billion, an 11.6% increase. Gross profit…
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