Feb. 14, 2024 – Martin Marietta Materials delivered a sweet Valentines Day gift to the industry, reporting the best year in company history. And aggregates shipments were actually down, 46.6 million metric tons (Mt) versus 47.7 Mt quarter over quarter; and 198.8 Mt versus 207.7 Mt year over year. You can thank double-digit pricing increases for that. Looking at the year…
Read MoreTag: aggregates shipments
Martin Marietta Looks Ahead
Nov. 1, 2023 – In its just released quarterly report, Martin Marietta Materials provided a preliminary look at what it expects in 2024. The company stated, “Aggregates shipments are expected to be relatively flat, as strong demand from public infrastructure and heavy nonresidential projects of scale will partially offset an anticipated softening in the interest-rate sensitive, private light nonresidential and…
Read MoreMartin Marietta Aggregates Shipments Decrease, Profits Up
Martin Marietta Materials Inc. released results for the third quarter ended Sept. 30. The Building Materials business generated record revenues of $1.9 billion, a 10.5% increase. Gross profit increased 38.4% to a record of $649.5 million.. Third-quarter aggregates shipments decreased 7.3%, as softer demand in certain Midwest and Southwest markets was partially offset by continued strength in key Southeast markets.…
Read MoreVulcan Materials Looks Ahead
August 7, 2023 – Vulcan Materials had a good second quarter to say the least. Aggregates shipments may have decreased 1% with variations across geographies, but shipment activity in California was particularly strong, following the weather-impacted first quarter. Certain markets in the Southeast benefited from healthy shipment activity to industrial projects. Meanwhile, pricing momentum and solid operational execution drove a 22% improvement in…
Read MoreVulcan Revenues Up 7% in First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31, reporting total revenues of $1.649 billion, versus total revenues of $1.541 billion in the first quarter of 2022, about a 7% increase. Aggregates segment gross profit increased 25% to $303 million ($5.85 per ton). Gross profit margin expanded 170 basis points due to strong pricing growth and solid operational execution. Earnings improvement…
Read MoreMartin Marietta Total Revenues Spike 10% in First Quarter
Martin Marietta Materials Inc. announced results for the first quarter ended March 31, reporting total revenues of $1.354.1 billion, versus $1.230.8 in the first quarter of 2022, a 10.0% increase. The Building Materials business generated record first-quarter revenues of $1.27 billion, a 10.1% increase. Gross profit increased 99.4% to a first-quarter record of $275.9 million. Double-digit pricing gains, partially offset…
Read MoreVulcan Materials Reports Huge First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. Total revenues increased 44% to $1.541 billion, up from $1,068 billion in 2021, driven by the addition of U.S. Concrete (USCR) operations as well as price and volume growth in the company’s legacy businesses. Average selling prices increased in each product line, helping to offset inflationary pressures. Same-store aggregates…
Read MoreVulcan Aggregates Shipments up 9 Percent This Year
Vulcan Materials Co. announced results for the second quarter ended June 30, 2016. Second quarter total revenues, compared with prior year’s second quarter, increased $62 million, or 7 percent, to $957 million. Gross profit increased $58 million, or 25 percent, to $292 million.
Read MoreVulcan First-Quarter Revenues Leap 20 Percent
Vulcan Materials Co. announced results for the first quarter ending March 31, 2016. The company said it’s first-quarter results reflect continued strong revenue growth and margin expansion. Total revenues increased $123 million, or 20 percent, to $755 million. Gross profit increased $87 million, or 112 percent, to $165 million.
Read More