CRH Touts Good Start to the Year

CRH plc, the global building materials group, issued a Trading Update for the first quarter, noting: Positive start to the year, good underlying demand; First-quarter sales, EBITDA and margin ahead. Integrated solutions strategy continuing to deliver across all divisions. Year-to-date acquisition spend $0.6 billion; strong pipeline of opportunities. Albert Manifold, chief executive, said, “The continued delivery of our solutions strategy resulted…

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Astec Industries Touts Increased Net Sales

Astec Industries Inc. announced its financial results for the first quarter of 2022. First quarter of 2022 net sales of $291.2 million increased 2.4% compared to $284.4 million for the first quarter of 2021. Domestic sales increased $8.9 million or 3.9% mainly due to stronger parts sales across the business and increased Materials Solutions equipment sales that were offset by…

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Hill Sees Bright Year Ahead

May 3, 2022 – Vulcan Materials just reported a big first quarter, with total revenues increasing 44% to $1.541 billion. Regarding the company’s full-year outlook, Tom Hill, Vulcan Materials’ chairman and chief executive officer said, “We reiterate our full-year Adjusted EBITDA range of $1.72 to $1.82 billion. In the first quarter, we capitalized on the considerable momentum in our business, growing…

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CEMEX U.S. Business Jumps 18%

CEMEX, S.A.B. de C.V. announced strong results for the first quarter of 2022, with consolidated Net Sales and EBITDA growing 13% and 3%, respectively, on a year-over-year basis, despite a challenging cost environment.  The growth was led by a 12% increase in cement prices in like-to-like terms, 8% in ready-mix, and 7% in aggregates, with all regions contributing to pricing…

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Arcosa Construction Products Division Performs Well

Arcosa Inc. announced results for the first quarter ended March 31. The company is reporting: Revenues of $535.8 million, up 22%. Net income of $20.2 million and Adjusted Net Income of $20.9 million. Diluted EPS of $0.41, up 28%, and Adjusted Diluted EPS of $0.42, up 20%. Adjusted EBITDA of $73.4 million, up 30%. Operating cash flow of $24.5 million…

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Granite Materials Group Revenues Increase in First Quarter

Granite Construction Inc. announced results for the quarter ended March 31, 2022. The company said a net loss from continuing operations totaled $19 million, or $0.42 per diluted share, compared to a net loss from continuing operations of ($63) million, or $1.38 per diluted share, in the prior year.  Revenue decreased $18 million to $548 million compared to $566 million…

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Select Sands Up By Double Digits

Select Sands Corp. announced operational and financial results for the second quarter of 2021, and the filing of its audited financial statements and associated management’s discussion and analysis. Key highlights include: ·  Sold 85,242 tons of frac and industrial sand during the second quarter of 2021, which was 42% higher than 59,970 tons sold in first quarter 2021 and 61%…

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Mergers and Acquisitions Dominate the News

In the last couple of months, I have written about the housing boom, as well as an economy on fire, which coupled with the prospects for an infrastructure bill just adds optimism to the outlook for our industry. But as we look out toward the last remaining months of the year, it has been remarkable to witness the growth spurt…

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U.S. Shale Pre-Hedge Revenues Could Reach All-Time High

The U.S. shale industry is set to achieve a significant milestone in 2021: If West Texas Intermediate (WTI) futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady, producers can expect a record-high hydrocarbon revenue of $195 billion before factoring in hedges, a Rystad Energy analysis shows. The previous…

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Rystad: Producers Could See Record-High Hydrocarbon Revenue

The U.S. shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady, producers can expect a record-high hydrocarbon revenue of $195 billion before factoring in hedges, a Rystad Energy analysis shows. The previous record of $191…

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