TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended March 31, reporting total revenues of $1,635 billion, versus $1,546 billion in the first quarter of 2024. Aggregates segment gross profit increased 18% to $357 million ($7.48 per ton), and gross profit margin expanded 320 basis points to 26.7%. Knife River Corp.Knife River announced financial results for the…
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First Look – May 2025
TOP NEWS Patuxent and ChaneyPatuxent Companies and Chaney Enterprises announced a new partnership on the western portion of the Eastern Shore of Maryland as Pax-Shore Aggregates. With locations operated under the sites known as Bridgetown and Faulkner, the new partnership looks forward to supplying quality aggregates to the market. Rogers GroupRogers Group Inc. (RGI), the largest privately held construction aggregates…
Read MoreFIRST LOOK – APRIL 2025
TOP NEWS Vulcan MaterialsVulcan Materials announced results for the quarter and full year ended Dec. 31, 2024. The company said solid operational execution drove margin expansion and its aggregates unit’s profitability growth. “Our aggregates-led business delivered a strong finish to the year. Adjusted EBITDA in the fourth quarter improved 16%, and Adjusted EBITDA margin expanded 370 basis points,” said Tom…
Read MoreFirst Look – March 2025
TOP NEWS CemexCemex reported its fourth quarter and full-year 2024 results, with net income of $939 million, a record in the company’s recent history. Net sales decreased by 1% to $16,200 million in 2024 and remained flat at $3,811 million in the fourth quarter. Cemex’s operations in the United States reported sales of $5,194 million in 2024, a decrease of…
Read MoreFirst Look – February 2025
TOP NEWSKnife River AcquisitionKnife River has entered into a definitive agreement to acquire Strata Corp., a construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata’s projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits. Chaney Materials WebsiteMid-Atlantic and Southeastern Region construction materials supplier Chaney Enterprises…
Read MoreFIRST LOOK – JANUARY 2025
TOP NEWS Summit-Quikcrete MergerSummit Materials Inc. has entered into a definitive agreement to be acquired by Quikrete Holdings Inc. for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction combines Summit’s leading aggregates, cement and ready-mix concrete businesses with Quikrete’s leading concrete and cement-based products business to create a vertically integrated,…
Read MoreFirst Look – December 2024
TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended Sept. 30, reporting total revenues of $2,004 billion, versus $2,186 in the third quarter of 2023. Year-to-date, the company is reporting revenues of $5,564 billion versus $5,948 billion for the same period in 2023. Martin Marietta MaterialsMartin Marietta Materials Inc. reported results for the third quarter ended Sept.…
Read MoreFirst Look – November 2024
TOP NEWS MINExpo 2024 Breaks All RecordsMINExpo 2024, held Sept. 24-26 in Las Vegas, hosted 45,000 attendees and more than 2,000 exhibitors from 148 countries who came to see more than 850,000 sq. ft. of exhibits, breaking all prior show records. MINExpo is the world’s largest mining show and is produced by the National Mining Association (NMA). CDE, Granite Unveil…
Read MoreFirst Look – October 2024
SEMCO Debuts AggNexusThe live event – held Sept. 9-10 on the University of Texas, Austin campus, and sponsored by SEMCO Publishing, parent company of Rock Products – engaged representatives of technology-savvy multinational or independent cement, aggregate, concrete and asphalt producers plus allied software developers or service providers. Wendling QuarriesDeWitt, Iowa-based Wendling Quarries announced that it is “honored and humbled to…
Read MoreFirst Look – September 2024
TOP NEWS Summit MaterialsSummit Materials Inc. announced results for the second quarter ended June 29, reporting that net revenue increased $395.1 million, or 58.1%, in the second quarter to $1,075.5 million. In the quarter, $464.0 million of net revenue was due to acquisitions, primarily the Argos USA transaction Martin Marietta MaterialsMartin Marietta Materials Inc. reported results for the second quarter…
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