First Look – June 2024

TOP NEWS Summit MaterialsSummit Materials, Inc. announced results for the first quarter ended March 30. Net revenue increased $366.0 million, or 89.9% in the first quarter to $773.2 million, including the partial quarter impact of the Argos USA assets. In the quarter, $378.5 million of revenue was recognized from recent acquisitions which more than offset a decrease of $21.7 million…

Read More

Merger Mania

Last month I noted the significance of Breedon’s foray into the North American aggregates market with its acquisition of BMC Enterprises. You can read my interview with Breedon executive Andy Arnold in this issue for a little inside information on that deal. But mergers and acquisitions activity in the aggregates industry is far from over. Here are some recent deals.…

Read More

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…

Read More

First Look – March 2024

FIRST LOOK TOP NEWSVulcan MaterialsVulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2023, reporting total revenues of $1.83 billion in the fourth quarter versus $1.73 billion in the fourth quarter of 2022; and $7.78 billion for full-year 2023 versus $7.32 billion for full-year 2022. Summit MaterialsSummit Materials Inc. announced results for the fourth quarter and…

Read More

Martin Marietta Looks Ahead

Feb. 14, 2024 – Martin Marietta Materials delivered a sweet Valentines Day gift to the industry, reporting the best year in company history. And aggregates shipments were actually down, 46.6 million metric tons (Mt) versus 47.7 Mt quarter over quarter; and 198.8 Mt versus 207.7 Mt year over year. You can thank double-digit pricing increases for that. Looking at the year…

Read More

First Look – February 2024

TOP NEWS CRHCaterpillar Inc. has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number-one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. Summit MaterialsSummit Materials shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based…

Read More

Martin Marietta Acquires Colorado Producer

Martin Marietta Materials Inc. announced that it completed the acquisition of Albert Frei & Sons, Inc. (AFS), a leading aggregates producer in Colorado that has supplied the Metro Denver area with materials since 1962. The transaction, which closed on Jan. 12, provides more than 60 years of high-quality, hard rock reserves to better serve new and existing customers. Ward Nye,…

Read More

Unearthing the Future

Decoding A Decade of Trends in U.S. Aggregate Mining. By Jake Tanner In the ever-evolving world of aggregate mining, understanding the past can be the compass to navigating the future. At Burgex, we’ve always been driven by a thirst for knowledge and a passion for exploration – both underground and within data. Our latest mission? Diving deep into the historical…

Read More

First Look – December 2023

TOP NEWS Martin Marietta Materials Inc. announced that it has entered into a definitive agreement to sell its South Texas cement business and certain related concrete operations to CRH Americas Materials Inc., a subsidiary of CRH plc, for $2.1 billion in cash. This on the heels of third quarter Building Materials business revenues of a record $1.9 billion, a 10.5%…

Read More

Martin Marietta Looks Ahead

Nov. 1, 2023 – In its just released quarterly report, Martin Marietta Materials provided a preliminary look at what it expects in 2024. The company stated, “Aggregates shipments are expected to be relatively flat, as strong demand from public infrastructure and heavy nonresidential projects of scale will partially offset an anticipated softening in the interest-rate sensitive, private light nonresidential and…

Read More
1 2 3 7