The estimated U.S. output of construction aggregates produced and shipped for consumption in the first quarter of 2023 was 459 million metric tons (Mt), a slight decrease compared with that of the same period of 2023, according to U.S. Geological Survey (USGS) Commodity Specialist Jason Christopher Willett.
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Eagle Materials Establishes New Financial Milestones
Eagle Materials Inc. reported financial results for fiscal year 2023 and the fiscal fourth quarter ended March 31, 2023. For fiscal year 2023, the company is reporting record revenue of $2.1 billion, up 15% and net earnings of $461.5 million, up 23%. For the fourth quarter, the company is reporting record revenue of $470.1 million, up 14%. Fiscal 2023 revenue in…
Read MoreSingle-Family Starts Show Gradual Improvement in April
A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor shortages and tightening credit conditions for construction loans. Overall housing starts in April increased 2.2% to a seasonally adjusted annual rate of 1.40 million units, according…
Read MoreNSSGA Calls On Congress to Address Permitting
The National Stone, Sand & Gravel Association (NSSGA) called on congressional leaders to address permitting in its pending debt limit deal. “The last two years we have witnessed remarkable legislative success with the administration and Congress in advancing the largest infrastructure investment in our nation’s history, a revitalization of our domestic manufacturing base and a reshaping of our energy future,”…
Read MoreLafarge Canada Announces Westridge Quarries Acquisition
Lafarge Canada announced the acquisition of Westridge Quarries operations in British Columbia, Canada. Westridge is a well-established supplier of construction aggregates and contract crushing services for the Okanagan Valley. The acquisition is in alignment with Lafarge’s Strategy 2025 to expand its aggregates business through critical acquisitions of pits, quarries, docks, and depots in strategic high growth markets.
Read MoreHolcim Reports Strong Start to Year in North America
Holcim reported net sales of CHF $5,725m and organic growth of 8% in the first quarter of 2023. The North America region delivered a strong start to the year in Cement, Aggregates and Ready-Mix Concrete, with strong market demand in both the United States and Canada. Roofing volumes were impacted by inventory normalization. Holcim’s roofing offer was further strengthened in…
Read MoreEagle Crusher Co. Debuts New Equipment
Eagle Crusher Co. introduced new equipment at ConExpo-Con/Agg. The new UltraMax 1600X-OC Portable Impactor Plant is designed for larger-size aggregate operations and quarries. It features the UltraMax 69X Impactor with a 69-in. x 51-in. feed opening to allow larger material into the impactor to increase throughput, up to 1,000 tph. This means producers can prep less and crush more to…
Read MoreNew Capital Source for Aggregates Producers Can Fund Acquisitions, Projects
Over the past several years, there has been a heightened level of transaction activity within the construction materials industry. When relative valuations peaked in 2021 and early 2022, investment grade companies could borrow money at less than 2.0%, leading to a flurry of transaction activity.
Read MoreVisualizing Aggregates Production
April 11, 2023 – Did you ever wonder what one year of sand, gravel and crushed stone production in the United States looks like? Burgex, which operates Mineralocity Aggregates, a GIS-based analytics platform for the construction aggregates industry, has done all the work for you. Impressive as the two segments are separate – height in feet for each would be higher than the One World…
Read MoreHaver & Boecker Niagara at ConExpo-Con/Agg 2023
Haver & Boecker Niagara is a leading provider in screening, pelletizing and primary crushing systems. The company’s mission is to deliver the best of these technologies to customers in the aggregates, mining, minerals, chemical, cement and food industries. With deep roots and years of experience in these industries, Haver & Boecker Niagara uses its innovative and shared technologies to effectively…
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