Summit Materials Inc. announced results for the fourth quarter and full year ended Dec. 30, 2023. Net revenue increased $220.7 million, or 9.9%, in 2023 to $2.4 billion, as strong pricing across all lines of business and contributions from acquisitions more than offset lower volumes and the impact of divestitures. Operating income increased $41.6 million, or 15.5% in 2023 to…
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Where Are We and Where Are We Headed?
Tracking aggregates production in the United States is no small feat, so kudos to U.S. Geological Survey Commodity Specialist Jason Willett, who diligently compiles that data quarterly for all of us to peruse. Data for the second quarter and first half of the year is now available. An estimated 662 million metric tons of total construction aggregates was produced and…
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The Industry’s Publicly Traded Companies Provide An IndustryBarometer When they Release Their Quarterly Reports. Vulcan MaterialsVulcan 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. In the second…
Read MoreSummit Materials First Quarter Revenues Rise 3.8%
Summit Materials Inc. announced results for the first quarter ended April 1, reporting net revenue of $407.3 million, versus $392.5 million in the first quarter of 2022, a 3.8% increase. Aggregates Segment net revenues increased by $20.3 million to $143.7 million in the first quarter. Aggregates adjusted cash gross profit margin decreased to 35.0% in the first quarter as compared to 36.3%…
Read MoreHeidelberg Materials Touts Quarterly, Yearly Results
Heidelberg Materials, in its latest quarterly report, noted that group revenue in 2022 grew by 3% to an all-time high of €21.1 billion. North American revenue was up 17.6% for the quarter and 7.8% for 2022, although aggregates sales volume was off 5.7% for the quarter and 5.0% for the year; and cement and clinker sales volumes were off 8.2 %…
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