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%…
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Arcosa 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…
Read MoreU.S. Silica Boasts Strong First Quarter; ‘Effectively Sold Out’ of Proppant
U.S. Silica Holdings Inc. announced revenue of $442.2 million for the first quarter of 2023, an increase of 7% compared with $412.9 million in the fourth quarter of 2022; and an increase of 45% when compared with the first quarter of 2022. Net income of $44.6 million for the first quarter of 2023 represents an increase of 41% compared with…
Read MoreArcosa Cites Progress Achieved in 2022
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…
Read MoreCEMEX 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…
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