The publicly traded aggregates companies reported results for the fourth quarter and full-year 2024. Here are some of the highlights:
Vulcan Materials reported that fourth quarter Aggregates segment gross profit increased 15% to $486 million ($9.02 per ton). Aggregates shipments decreased 3%, reflecting underlying demand as well as the benefit of favorable weather in most markets throughout the quarter.
Martin Marietta Materials reported that fourth quarter revenues were $1,632 billion, up 1% from the prior-year period. For the full year 2024, revenues were $6,536 billion, a decrease of 4% from 2023. Fourth-quarter aggregates shipments increased 2.7% to 47.9 million tons.
Knife River reported record consolidated revenue of $657.2 million, a 2% increase from the prior-year record revenue. This was primarily driven by price increases in aggregates, ready-mix and asphalt product lines, partially offset by declines in material volumes.
Arcosa posted fourth-quarter revenue of $666.2 million, a 14% increase from the prior-year period; and full-year 2024 revenue of $2,569.9 billion versus $2,307.9 billion in 2023, an 11% increase.
Holcim reported that full-year net sales of CHF$26,407 million for 2024, up 1.3% in local currency compared to the prior year.
Heidelberg Materials reported that in 2024, group revenue remained stable at €21.2 billion. Results from current operations (RCO) climbed to €3.2 billion, up 6%.
Granite Construction announced that fourth-quarter revenue increased 5% year-over-year to $977 million, and fiscal year revenue increased 14% year-over-year to $4.0 billion.
Cemex reported its fourth quarter and full-year 2024 results, with net income of $939 million, a record in the company’s recent history.
Eagle Materials reported that revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, as well as Joint Venture and intersegment Cement revenue, was down 4% to $351.8 million.
In case you were looking for Summit Materials, there is no report, nor will there be. The company is now part of privately owned Quikrete.
Mark S. Kuhar, editor
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(330) 722‐4081
X: @editormarkkuhar