Public Companies Are Reporting a Mixed Bag

The publicly traded aggregates companies reported results for the fourth quarter and full-year 2024. Here are some of the highlights: Vulcan Materials reported that fourth quarter Aggregates segment gross profit increased 15% to $486 million ($9.02 per ton). Aggregates shipments decreased 3%, reflecting underlying demand as well as the benefit of favorable weather in most markets throughout the quarter. Martin…

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First Look – March 2025

TOP NEWS CemexCemex reported its fourth quarter and full-year 2024 results, with net income of $939 million, a record in the company’s recent history. Net sales decreased by 1% to $16,200 million in 2024 and remained flat at $3,811 million in the fourth quarter. Cemex’s operations in the United States reported sales of $5,194 million in 2024, a decrease of…

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Eagle Materials Scores Record Revenue, Earnings

Eagle Materials Inc. reported financial results for the first quarter of fiscal 2025 ended June 30, noting record revenue of $608.7 million, up 1%; and record net earnings of $133.8 million, up 11%. Commenting on the first quarter results, Michael Haack, president and CEO, said, “Fiscal 2025 is off to a solid start for Eagle, with record revenue of $608.7…

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Eagle Materials Had Record Year in Fiscal 2024

Eagle Materials Inc. reported financial results for fiscal year 2024 and the fiscal fourth quarter ended March 31, including record revenue of $2.3 billion, up 5% and record net earnings of $477.6 million, up 3%. For the fourth quarter, the company is reporting revenue of $476.7 million, up 1% and net earnings of $77.1 million, down 23%. Fiscal 2024 revenue…

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MSHA Impact Inspections Target 16 Mines in 11 States in December

The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA)  completed impact inspections at 16 mines in 11 states in December 2023, issuing 247 violations. The agency began conducting impact inspections after an April 2010 explosion in West Virginia at the Upper Big Branch Mine killed 29 miners. MSHA’s impact inspections in 2023 identified 2,739 violations,…

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Terra CO2, Eagle Materials to Operate Low-Carbon Cementitious Plants

Terra CO2, a developer of a scalable low-carbon supplementary cementitious material, and Eagle Materials Inc. have entered into exclusive agreements for the potential deployment of multiple eco-friendly, low-carbon cementitious commercial-scale plants that would service three different geographic areas, including the Greater Denver market.

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Eagle Materials Achieves Record Revenue in Second Quarter

Eagle Materials Inc. reported financial results for the second quarter of fiscal 2024 ended Sept. 30, including record revenue of $622.2 million, up 3% and record net earnings of $150.6 million, up 8% Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, Joint Venture and intersegment Cement revenue, was $426.9 million, a 10% increase. Heavy Materials operating…

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