Granite Construction Inc. announced results for the quarter ended March 31. Revenue increased $112 million to $672 million compared to $560 million for the same period in the prior year. The Construction and Materials segments posted year-over-year increases of 18% and 36%, respectively. Gross profit increased $22 million to $54 million compared to $32 million for the same period in…
Read MoreDay: May 2, 2024
Clay to Go
Bulk Bag Weigh Batching Controls Compensate For Terra Cotta Ingredient Variations. Edited by Mark S. Kuhar Gladding, McBean is a leading manufacturer of terra cotta products. Founded in 1875, the company mines clay from its own reserves and combines traditional methods with modern technology to create roof tiles, floor and paving tiles, clay pipe, ornamental pieces and architectural elements for…
Read MorePermitting Update: Nebraska
Special use permits were approved for a sand and gravel, and portable concrete production pit and concrete storage site south of Odessa by the Buffalo County Commissioners during their meeting on Tuesday, April 23.
Read MoreMergers That Move Mountains
Six Strategies For Successful M&A In The Competitive Aggregates Market. By Ryan Brown With apologies to Playwright George Bernard Shaw, the single biggest problem with acquiring a company is the illusion that it has taken place. As highlighted in recent Rock Product news, the aggregates industry is currently focused on strategic acquisitions, where producers target assets to complement their existing…
Read MoreWhitaker Contracting Sells to Vulcan Materials
Whitaker Contracting has sold its business to Vulcan Materials Co., according to FMI Capital Advisors, which served as the exclusive financial advisor to Whitaker Contracting for the transaction.
Read MoreThink Like an Entrepreneur, Deliver Like a Professional
By Martin Willoughby In a world that constantly evolves and challenges us to redefine success, thinking like an entrepreneur has never been more vital. Entrepreneurs are not just individuals who start businesses; they are people who embody a mindset of resilience, creativity, and an unyielding pursuit of excellence. Throughout my life, I have dedicated significant time to studying successful entrepreneurs,…
Read MoreWait! Stop the Presses!
I have to start by explaining this headline for the younger readers who don’t remember the culture of the newspaper industry, which is now long gone. You see, newspapers in larger markets once printed multiple editions throughout the day, so that news could be as recent as three or four hours old. “Wait! Stop the Presses!” was a popular expression…
Read MoreMerger Mania
Last month I noted the significance of Breedon’s foray into the North American aggregates market with its acquisition of BMC Enterprises. You can read my interview with Breedon executive Andy Arnold in this issue for a little inside information on that deal. But mergers and acquisitions activity in the aggregates industry is far from over. Here are some recent deals.…
Read MoreFirst Look May 2024
TOP NEWS WIA takes part in AGG1 Academy?On the first day of AGG1, Women in Aggregates (WIA) – formed by SEMCO Publishing, the parent company of Rock Products magazine – sponsored a successful AGG1 Academy session and networking mixer at the Music City Center in Nashville. The interactive “Finding the Next Generation of Women in the Aggregates Industry” panel featured…
Read MoreMLC Names Kiefer to Key Position
MLC (formerly Mississippi Lime Company) has named Mike Kiefer as vice president, finance and chief financial officer. As part of the global lime company’s executive leadership team, Kiefer will be responsible for implementing the strategic financial and systems objectives of the company. He will also oversee financial planning and analysis, accounting and information technology. A proven strategic leader with more…
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