Arcosa Inc. announced results for the fourth quarter and full year ended Dec. 31, 2022. In the fourth quarter, revenues totaled $500.3 million versus $521.8 million in 2021. Construction Products segment revenues increased 5% to $221.9 million primarily due to strong organic pricing across its businesses that offset overall volume declines as well as the addition of RAMCO, the Southern…
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CEMEX U.S. Operations Up 16% in 2022
CEMEX announced double-digit top-line growth for 2022 and fourth quarter 2022 driven by a robust pricing strategy designed to recover margins. Net sales increased 12% to $15,577 million in 2022, and 12% to $3,869 million in fourth quarter 2022. CEMEX’s operations in the United States reported net sales of $5,038 million in 2022, an increase of 16%, and $1,221 million in…
Read MoreVulcan Notes Acquisitions, Looks Ahead to 2023
Vulcan Materials, during its third-quarter conference call, noted that during the quarter, it acquired strategic aggregates and downstream assets to complement its position in Northern California. Additionally, the company acquired a quarry in Honduras “from which we have been distributing materials to certain Gulf Coast markets since 2019,” the company stated. Regarding the company’s outlook for 2022, Tom Hill, Vulcan…
Read MoreArcosa Construction Products Revenues Up 7%
Arcosa Inc. announced results for the third quarter ended Sept. 30. The company is reporting revenues of $603.9 million, up 8% and net income of $32.0 million, up 35%, Construction Products revenues increased 7% to $244.2 million primarily due to strong organic pricing, partially offset by lower overall volumes. Wet weather and cement availability that constrained its ready mix customers and…
Read MoreGranite Materials Revenue Rises in Third Quarter
Granite Construction announced results for the quarter ended Sept. 30. Net income totaled $73 million, or $1.44 per diluted share, compared to net income of $35 million, or $0.73 per diluted share, for the same period in the prior year. Adjusted net income totaled $63 million compared to adjusted net income of $43 million for the same period in the…
Read MoreCEMEX U.S. Operations Up 19% in Third Quarter
CEMEX, S.A.B. de C.V. announced continued solid top-line growth, with third-quarter net sales growing 13%. Pricing was the main driver with cement, ready-mix and aggregates, increasing double digits. EBITDA and EBITDA margin continued to be impacted by persistent inflationary headwinds that outpaced the company’s pricing efforts. Third quarter highlights include: Net sales increased 13% to $3,956 million. Operating EBITDA decreased…
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. Healthy backlogs and persistent aggregates-intensive construction projects have fueled demand for sector participants, despite a backdrop…
Read MoreSelect Sands Reports Results for Second Quarter 2022
Select Sands Corp. announced operational and financial results for second-quarter 2022. The company:
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 The Aggregates sector has continued to benefit from robust construction demand, despite persistent supply chain disruptions and rising inflation. The merger and acquisition (M&A) market has remained…
Read MorePublicly Traded Companies
The Industry’s Publicly Traded Companies Provide An Industry Barometer When They Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30. Total revenues increased sharply from the prior year driven by double-digit growth in the company’s legacy business as well as the addition of U.S. Concrete operations. Total revenues were $1.954 billion, up from…
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