Construction School Could Build Opportunity

May 14, 2021 – Well, it seems like a good idea on the surface. Cleveland Mayor Frank Jackson announced plans to build an inner city construction school that includes a working concrete and asphalt plant. The project would be built around East 79th Street along the “Opportunity Corridor” that connects Interstates 490 and 77 to University Circle. The school would include a…

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Summit Materials Aggregates Volumes Rise 20.7%

Summit Materials Inc. announced results for the first quarter 2021, reporting that net revenue increased $56.1 million, or 16.4% in the first quarter of 2021 to $398.5 million, compared to $342.4 million in the first quarter of 2020, on higher aggregates, ready-mix concrete, cement, asphalt and paving revenue relative to a year ago on strong demand in most markets.

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U.S. Concrete Aggregates Product Revenue an All-Time High

U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.

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Summit Materials Delivers Strong Finish to 2020

Summit Materials Inc. announced results for the fourth quarter and full year 2020. For the three months ended Jan. 2, 2021, the company reported net income attributable to Summit Inc. of $35.2 million, or $0.31 per basic share, compared to net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share in the comparable prior-year period. 

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Concrete Information

Feb. 18, 2021 – According to the National Ready Mixed Concrete Association, estimated ready mixed concrete production in November 2020 is 31.6 million cu. yd., 8.9% higher than that in November 2019. The estimated production in the United States for 2020 through November is 350 million cu. yd., approximately 1% higher than that during the same period in 2019. Ready mixed concrete production is estimated from cement shipments…

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Vulcan Reports Strong Aggregates Unit Profitability

Vulcan Materials Co. announced results for the quarter ended Dec. 31, 2020, and the full year. Total revenues in the fourth quarter were $1,175.1 billion, down from $1,186.2 billion in the fourth quarter of 2019. Total revenues for the full year were $4,856.8 billion down from $4,929.1 billion in 2019.

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Eagle Sets the Pace

Jan. 28, 2021 – The first quarterly reports of the year are starting to come in, and Eagle Materials has set the pace with a strong quarter. Given the influence of the pandemic and the economic roller coaster we have seen over the past three months, the company’s performance is quite impressive. Excluding the results from business units sold in its first…

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