Acquisition Activity Impacts Granite Construction’s First Quarter

Granite Construction Inc. reported a net loss of $11.4 million for the quarter ended March 31, 2018, compared to a net loss of $23.8 million in the first quarter of 2017. First quarter 2018 results include the impact of acquisition expenses related to Granite’s announced and pending acquisition of Layne Christensen Co. and from its recently completed purchase of LiquiForce. 

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MDU Resources Expands in First Quarter

MDU Resources Group Inc. reported first-quarter earnings from continuing operations of $41.9 million, or 22 cents per share, compared to first quarter 2017 earnings from continuing operations of $35.5 million, or 18 cents per share. Including discontinued operations, MDU Resources reported first quarter earnings of $42.4 million, or 22 cents per share, compared to $37.2 million, or 19 cents per…

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Vulcan Materials Comes Up Big in Fourth Quarter 2017

Vulcan Materials Co. announced results for the fourth quarter ended Dec. 31, 2017. Total revenues increased $105 million, or 12 percent, to $977 million. Gross profit was $243 million versus $240 million in the prior year. Aggregates segment sales increased $56 million to $770 million and freight-adjusted revenues increased $45 million, or 8 percent, to $596 million. The company also…

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Summit Materials Reports Strong Quarterly, Yearly Results

Summit Materials Inc. announced results for the fourth quarter and full-year 2017. For the three months ended Dec. 30, 2017, the company reported diluted net income per share of $0.38 on net income of $43.0 million, compared to a diluted loss per share of ($0.00) on a net loss of ($0.3) million in the prior year period. Operating income increased…

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Martin Marietta Roars to Record Revenues, Profitability, Earnings

Martin Marietta Materials Inc. reported record results for the fourth quarter and full year ended Dec. 31, 2017. Fourth quarter consolidated total revenues were $970.5 million, versus $948.8 million in 2016. Full-year 2017 consolidated total revenues were $3,965.6 billion, versus $3,818.7 billion in 2016.

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Natural Resource Partners Aggregates Business Up

Natural Resource Partners L.P. (NRP) reported third quarter 2017 net income of $26.1 million and net income attributable to the common unitholders and general partner of $18.4 million, which equated to $1.48 and $1.07 basic and diluted net income per common unit, respectively. NRP also generated Adjusted EBITDA of $58.1 million.

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