Knife River Revenues Jump 7% in First Quarter

Knife River Corp. announced financial results for the first quarter ended March 31. The company reported record consolidated revenue of $329.6 million, a 7% increase from the prior-year period, driven by price increases across most product lines and increased contracting services revenues.  Also in the quarter, the company experienced a seasonal net loss of $47.6 million, compared to a seasonal…

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Vulcan Materials Revenues Down Slightly in First Quarter

Vulcan Materials Co. announced results for the quarter ended March 31. Total revenues were $1.546 billion compared to $1.649 billion in the first quarter of 2023. However trailing 12-month revenues were $7.679 billion in the first quarter compared to $7.424 billion in the first quarter of 2023. Aggregates Segment total revenues were $1.291 billion, versus $1.297 billion in the first quarter of…

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Cemex Notes Record Results; Sales Down in U.S. Market

Cemex reported record first quarter results, noting that net sales increased 3% to $4.138 billion, with a 5% increase in EBITDA.  “Our first quarter in 2024 continued to build on an exceptional 2023,” said Fernando A. González, CEO of Cemex. “EBITDA represents a first quarter record for the company, despite fewer working days and difficult weather conditions in many markets.…

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Martin Marietta Completes Blue Water Industries Transaction

Martin Marietta Materials Inc. has completed its previously announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.  This portfolio-optimizing transaction improves the company’s product mix, margin profile and durability through economic cycles by adding another pure aggregates business to…

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U.S. Silica Reports 88% Year-Over-Year Net Income Increase

U.S. Silica Holdings Inc. announced its fourth quarter and full-year results for the period ended Dec. 31, 2023. The company is reporting full-year 2023 net income of $146.9 million, an 88% year-over-year increase. Full-year 2023 total company contribution margin of $549.7 million represented a 16% year-over-year increase. Net income for the fourth quarter ended Dec. 31, 2023, was $29.1 million, or $0.37…

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Summit Establishes Annual Records for Revenue, Profitability

Summit Materials Inc. announced results for the fourth quarter and full year ended Dec. 30, 2023. Net revenue increased $220.7 million, or 9.9%, in 2023 to $2.4 billion, as strong pricing across all lines of business and contributions from acquisitions more than offset lower volumes and the impact of divestitures. Operating income increased $41.6 million, or 15.5% in 2023 to…

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Martin Marietta Celebrates 30 Years of Providing Value

Martin Marietta – recognizing its 30th anniversary as a publicly traded company – has released a brief video, “Martin Marietta: A History in Stone.“ Martin Marietta teams across North America are expected to celebrate the company’s 30th Anniversary throughout the year, including during a companywide Town Hall in July.  After splitting from its aerospace cousin, Lockheed Martin, Martin Marietta became…

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Cemex U.S. Business Up 6% in 2023

Cemex reported 2023 results, with an 8% growth in sales to $17,416 million in 2023, and 5% to $4,243 million in the fourth quarter. This performance, coupled with the board’s confidence in the medium-term outlook and strong free cash flow generation over the last few years, allows Cemex to initiate a formal shareholder return program, subject to approval at the…

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Holcim to Spin Off North American Business by 2025

Holcim announced its intent to publicly list its North American business in the United States with a full capital market separation. This process “will create the leading pure-play building solutions company in the region,” the company stated.  The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its…

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Summit Materials Names Moore COO

Summit Materials appointed Marshall Moore as executive vice president, chief operations officer, effective Jan. 4. In the newly created role, Moore will enhance Summit’s operational excellence capabilities with responsibility for manufacturing and supply chain excellence, information technology and lean processes. Moore will also be responsible for the team integrating Summit’s acquisition of Argos USA, where he will provide battle-tested expertise…

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