Robert Garbini Feb. 22, 2019 – Another long-time construction-materials industry stalwart is retiring. The National Ready Mixed Concrete Association (NRMCA) board has appointed Michael Philipps as successor to Robert Garbini, who will retire as staff president at the conclusion of the association’s 2019 convention, March 5-7, in Tampa. Philipps will arrive with 30-plus years in concrete and construction, most recently serving as vice president…
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New Reserves for New Enterprise
Feb. 20, 2019 – New Enterprise Stone & Lime Co. Inc. has acquired approximately 100 million tons of estimated mineral reserves near the borough of Garrett in Somerset County, Pa. The company plans to utilize the additional reserves to support its existing operations in the area. Paul Detwiler III, the company’s president and CEO, commented, “We are pleased to add the…
Read MoreNSSGA Kicks Off Convention in Indianapolis
The National Stone, Sand and Gravel Association (NSSGA) kicked off its annual convention prior to the AGG1 show in Indianapolis. Randy Lake, president of CRH Americas Materials, addressed association members for the final time as chairman of the association.
Read MoreLafargeHolcim Appoints Moreau CEO
LafargeHolcim in the United States announced the appointment of Jay M. Moreau as chief executive officer of U.S. aggregates and construction materials operations. “Moreau brings significant experience in the construction materials industry which will ensure the growth and success of our business in the United States,” the company said. “Jay has a proven track record in this industry, and his…
Read MoreMDU Resources Construction Materials Business Dips in 2018
MDU Resources Group Inc. reported 2018 earnings from continuing operations of $269.4 million, or $1.38 per share, compared to 2017 earnings from continuing operations of $284.2 million, or $1.45 per share.
Read MoreSummit Materials Impacted by Inclement Weather in Third Quarter
Summit Materials Inc. reported that for the three months ended Sept. 29, the company achieved net income attributable to Summit Inc. of $71.3 million or $0.64 per basic share, compared to net income attributable to Summit Inc. of $81.3 million or $0.74 per basic share in the comparable prior-year period.
Read MoreArcosa Created from Trinity Industries Construction Materials Businesses
A spinoff of assets outside Trinity Industries core Rail and Railcar Leasing and Management Services businesses has created Arcosa Inc., a separate publicly traded company reporting 2017 sales of $1.5 billion across three groups: Construction Products, with 11 sand and gravel operations (Texas, Louisiana) and eight expanded shale and clay plants (Alabama, Arkansas, California, Colorado, Indiana, Kentucky, Louisiana, Texas), plus Energy Equipment and…
Read MoreMDU Resources Earns Record Construction Materials Revenue
MDU Resources Group Inc. reported third quarter earnings from continuing operations of $107.4 million, or 55 cents per share, compared to third quarter 2017 earnings from continuing operations of $89.6 million, or 46 cents per share.
Read MoreWater Resources and Development Act a Win for Industry
The U.S. Senate approved a reauthorization of the Water Resources and Development Act (WRDA) by a vote of 99-1,sending the two-year bill to the president’s desk.
Read MoreGranite Construction’s Materials Revenue Increases 27.5 Percent
Granite Construction reported a net loss of $8.4 million for the quarter ended June 30, compared to a net income of $14.1 million in the second quarter of 2017. Second quarter 2018 results include the impact of acquisition expenses of Layne Christensen Company and LiquiForce. Excluding the impact of these expenses, second quarter adjusted net income was $17.9 million, or $0.43…
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