Vulcan Materials Co. announced results for the fourth quarter ending Dec. 31, 2014, and full-year 2014. Total fourth-quarter revenues increased $75 million, or 11 percent, to $755 million, while gross profit increased $52 million, or 45 percent, to $170 million. Aggregates freight-adjusted revenues increased $68 million, or 18 percent, to $455 million
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Eagle Materials’ Aggregates Revenues Rise
Eagle Materials Inc. reported financial results for the third quarter of fiscal 2015 which ended Dec. 31, 2014. Notable items for the quarter in relation to the prior-year’s third quarter include: Record quarterly revenues of $292 million, up 27 percent. Record third quarter cement earnings of $37.6 million, up 44 percent. Record quarterly paperboard earnings of $9.1 million, up 37 percent. Wallboard…
Read MorePCA’s Sullivan Addresses Oil Impact on Construction
The falling cost of oil will not just impact consumers at the pump, but will lead to an impact on construction in the United States, according to Portland Cement Association Chief Economist and Group Vice President Edward J. Sullivan. Along with low oil prices that are beneficial to U.S. economic growth and an expected 20 to 30 basis points added to real…
Read MoreObama’s Blockbuster Infrastructure Proposal: $478 Billion
President Barack Obama’s just-released $4 trillion budget includes a proposal for a six-year, $478-billion plan to invest in the nation’s infrastructure. The proposal also answers the main objection of critics who demand to know how it will be paid for: by closing a tax loophole that allows U.S. firms to avoid paying taxes on overseas profits, according to the White…
Read MoreConstruction Spending Ends Month, Year on High Note
The U.S. Census Bureau of the Department of Commerce reported that construction spending during December 2014 was estimated at a seasonally adjusted annual rate of $982.1 billion, 0.4 percent (±1.3 percent) above the revised November estimate of $978.6 billion. The December figure is 2.2 percent (±1.6 percent) above the December 2013 estimate of $961.2 billion.
Read MoreContinental Acquires Veyance
Continental concluded its acquisition of U.S. rubber company Veyance Technologies Inc, Fairlawn, Ohio, on Jan. 30. On Jan. 29, the Brazilian antitrust authority CADE (Council for Economic Defense) cleared the transaction with certain conditions, thus providing the approvals necessary for completion. International automotive supplier, tire manufacturer and industrial partner Continental is boosting its worldwide industrial business with this acquisition, which…
Read MoreAggregates Production Rises in 2014
In 2014, total construction aggregates production rose to an estimated 2.171 billion metric tons, representing a total value of $19.8 billion, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2015 report. The estimated production volume represents more than a 7 percent increase over 2013 total production, which was a reported 2.027 billion metric tons. An estimated 1.26 billion metric tons of…
Read MoreSenate Committee Gets Serious About Infrastructure
The Senate Environment and Public Works Committee officially kicked off its transportation reauthorization efforts Jan. 28 with a hearing featuring panels consisting of Transportation Secretary Anthony Foxx and the governors of Alabama and Vermont, as well as the South Dakota Secretary of Transportation, according to the National Stone, Sand and Gravel Association (NSSGA).
Read MoreUSGS Index Supports Industry Growth
The nonmetallic mineral products industry leading index increased 0.3 percent to 240 in December from 239.5 in November, according to the latest report from the U.S. Geological Survey (USGS). However, its 6-month smoothed growth rate remained at the 2.2 percent growth rate of November.
Read MoreNSSGA Names Annual Gold Award Winners; Platinum Qualifiers
The National Stone, Sand and Gravel Association (NSSGA) recognized aggregates operations in the United States and Canada with an extraordinary commitment to safety, superior environmental stewardship and community involvement in 2013-2014. The underlying goal of these recognitions is to spur innovation and encourage continual quarry improvements, according to the association.
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