The Industry’s Publicly Traded Companies Provide An IndustryBarometer When they Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30, reporting total revenues of $2.113 billion versus $1.954 billion in the second quarter of 2022; and a six-month total of $3.762 billion versus $3.495 billion for the same period in 2022. In the second…
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CRH’s Americas Business Units Help Deliver First-Half Success
CRH delivered a robust first-half performance with strong pricing offsetting cost inflation, significant contributions from prior year acquisitions and good underlying demand in key end-use markets. First-half sales of $16.1 billion were 8% ahead of the same period last year, or 4% ahead on a like-for-like basis. Supported by its continued focus on commercial management and operational efficiencies, EBITDA of…
Read MoreAggregates Industry Market Report
In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore Capstone Partners’ Building Products & Construction Services Team is pleased to share its Rock Products report. Consolidation among aggregates producers has continued to drive merger and acquisition (M&A) activity to-date as…
Read MoreKnife River Reports its First Results as a Stand-Alone Company
Knife River Corp., an aggregates-led, vertically integrated construction materials and contracting services company, announced financial results for the second quarter ended June 30. Knife River reported second quarter consolidated revenue of $785.2 million, a 10% increase from the prior-year period, led by strong results in each region and more than 10% price increases across all consolidated product lines. “I am…
Read MoreArcosa Construction Products Revenues Up in Second Quarter
Arcosa Inc. announced results for the second quarter ended June 30, reporting revenues of $584.8 million versus $602.8 million in the second quarter of 2022, a 3% decrease. Construction Products revenues increased 8% to $264.8 million driven by higher pricing and volume growth in its recycled aggregates business, as well as organic volume growth and acquisition-related contribution in its trench shoring…
Read MorePricing Do’s and Don’ts
How Much Time, Effort And Structured Thought Are You Placing On Pricing For A Healthy P&L Statement And, Eventually, A Healthy Balance Sheet? By Barry Hudson and Julia Georgi Operating a business in a way that creates shareholder value while staying focused on customers is a management challenge. On the one hand, the shareholders want the value of their investment…
Read MoreCEMEX U.S. Operations Up 5% in First Quarter
CEMEX reported net sales increased 9% to $4,036 million in the first quarter of 2023. The strong results are attributable to pricing, decelerating input cost inflation and contributions from the company’s growth investments and the Urbanization Solutions business, the company stated. CEMEX said its operations in the United States achieved a net sales increase of 5% to $1,255 million despite…
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 MoreSummit Materials First Quarter Revenues Rise 3.8%
Summit Materials Inc. announced results for the first quarter ended April 1, reporting net revenue of $407.3 million, versus $392.5 million in the first quarter of 2022, a 3.8% increase. Aggregates Segment net revenues increased by $20.3 million to $143.7 million in the first quarter. Aggregates adjusted cash gross profit margin decreased to 35.0% in the first quarter as compared to 36.3%…
Read MoreArcosa Construction Products Division Revenues Increase in First Quarter
Arcosa Inc. announced first quarter 2023 results, reporting $549.2 million in revenue, compared to $535.8 million in the first quarter of 2022, a 3% increase. In its Construction Products division, revenues increased 12% to $236.1 million primarily due to strong organic pricing across its businesses, which more than offset overall volume declines. Volumes for natural aggregates declined due to the deceleration…
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