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 MoreDay: July 27, 2023
Martin 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…
Read MoreHolcim Positioned for ‘Profitable Growth’ in North America
Holcim is reporting 7.4% organic net sales growth in the first half of 2023, 13.4% organic recurring EBIT growth, along with reduction of CO2 per net sales by 18%.
Read MoreHeidelberg Materials Assesses First Half of 2023
Heidelberg Materials announced revenue increases of 8.5% to €10,473 million and “improvement in result” of 37.5% to €1,189 million for the first half of 2023. CO₂ emissions were reduced by a further 2.4%.
Read MoreExisting Home Sales Down Again Amid Limited Inventory
Existing home sales in June fell to the lowest level since January as limited inventory and fluctuating mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).
Read MoreMillington Quarry Sold for Reclamation
After more than a century as an aggregates operation, the 180-acre Millington Quarry property off Stonehouse Road in Bernardsville, N.J., will move into the next phase of its existence after the final closing of its sale to a redeveloper.
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