Summit Materials Inc. announced results for the second quarter ended July 1, reporting net revenue of $680.4 billion versus $631.9 billion in the second quarter of 2022, a 7.7% increase. Operating income increased $18.4 million, or 16.5% in the second quarter to $129.6 million, driven by a combination of increases in average sales price that more than offset inflationary increases in cost…
Read MoreMonth: August 2023
Ontario Construction-Materials Firm Partners With CDE To Maximize Material Recovery
Ontario-based sand and aggregate producer James Dick Construction has finalized a major new investment in an ultra-fines recovery system, designed and engineered by wet processing industry experts CDE. The James Dick group of companies has grown from its humble beginnings in 1964 to its current position as a leader in the supply of sand, gravel and limestone products in the…
Read MoreGreat Lakes Limestone Shipments Down in June
Shipments of limestone on the Great Lakes totaled 3.1 million tons in June, a decrease of 17.6% from a year ago, according to the Lake Carriers’ Association. This June’s loadings were also below the month’s five-year average by 17.4%.
Read MoreVulcan’s Aggregates Segment Soars in Second Quarter
Vulcan Materials Co. announced results for the quarter ended June 30, reporting total revenues of $2.113 billion versus $1.954 billion in the second quarter of 2022; and a six-month total of $3.762 billion versus $3.495 billion for the same period in 2022.
Read MoreEfficient, Safe and Reliable: The VDG Drum Motor
Increase efficiency, improve safety and reduce downtime with the VDG Drum Motor. Listen to customers and OEMs share their experience converting to, and using, VDG’s one component conveyor drive. With no external moving parts, the VDG Drum Motor is maintenance free, space saving and eliminates the hazards posed by conventional conveyor drives.
Read MoreConstruction Spending Ticks Upward; Highways Down Slightly
According to the U.S. Census Bureau, construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% (±0.5%) above the revised May estimate of $1,929.6 billion. The June figure is 3.5% (±1.3%) above the June 2022 estimate of $1,873.2 billion. During the first six months of this year, construction spending amounted to $917.4 billion,…
Read MoreMartin Marietta’s Nye Looks Ahead
Aug. 1, 2023 – With the momentum of its just-reported quarterly records for revenues, profitability and unit margins, Martin Marietta Chairman and CEO Ward Nye is looking ahead to a strong finish to the year and a positive 2024. He stated, “As record-setting public funds for infrastructure and manufacturing begin to enter the U.S. economy, we continue to expect that aggregates…
Read MorePrecision Pulley & Idler Acquires Van Gorp Corp.
Precision Pulley & Idler (PPI) has acquired Van Gorp Corp., based in Pella, Iowa. Van Gorp has been in business for more than 90 years and has become a “well-respected manufacturer of conveyor components,” the company stated. “PPI and Van Gorp have a shared history and are both headquartered in Pella, Iowa. We operate and live in the same communities, making…
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