Summit Materials Aggregates Volumes Rise 20.7%

Summit Materials Inc. announced results for the first quarter 2021, reporting that net revenue increased $56.1 million, or 16.4% in the first quarter of 2021 to $398.5 million, compared to $342.4 million in the first quarter of 2020, on higher aggregates, ready-mix concrete, cement, asphalt and paving revenue relative to a year ago on strong demand in most markets.

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U.S. Concrete Aggregates Product Revenue an All-Time High

U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.

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Martin Marietta Sees Good Year Ahead

May 5, 2021 – Martin Marietta Materials Inc. reported results for the first quarter ended March 31. Total revenues were $982.4 million versus $958.2 million in the first quarter of 2020. Looking ahead, Martin Marietta remains confident that favorable pricing dynamics will continue, supported by the company’s locally-driven pricing strategy. Additionally, the company anticipates single-family housing growth, expanded infrastructure investment and notable heavy…

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Cat Sales, Revenue Up in First Quarter

Caterpillar reported first quarter 2021 sales and revenues of $11.887 billion compared with $10.635 billion in the first quarter of 2020, a 11.8% increase. The company’s Construction Industries Division posted total sales of $5.459 billion in the first quarter of 2021, an increase of $1.153 billion, or 27%, compared with $4.306 billion in the first quarter of 2020. 

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