By Mark S. Kuhar At the start of 2022, it was highly anticipated that aggregates production would rise to about 2.80 billion metric tons (Gt) for the year. Well, final numbers are in and the estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 Gt, unchanged from that of 2021, according to Jason Christopher Willett, commodity…
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Aggregates Production: What Went Wrong?
March 6, 2023 – At the start of 2022, it was highly anticipated that aggregates production would rise to about 2.80 billion metric tons (Gt) for the year. Well, final numbers are in and the estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 Gt, unchanged from that of 2021, according to Jason Christopher Willett, commodity…
Read MoreFirst Look – December 2022
Martin Marietta Achieves Record Quarterly Revenues, Gross Profit
Martin Marietta Materials reported results for the third quarter ended Sept. 30, noting products and services revenues of $1.680 billion versus $1.463 billion over the same period last year, an increase of 14.9%. Building Materials generated record products and services revenues of $1.61 billion for the third quarter, a 15.9% increase, driven primarily by acquisitions and double-digit pricing growth across…
Read MoreMartin Marietta Initiates Entrance Sign Project
A companywide effort is underway to ensure every Martin Marietta Materials operation greets its community warmly while meeting a newly established set of high aesthetic guidelines. “It started when we began reviewing our standard Martin Marietta entrance signs and how those signs represent our business to the community,” said Kansas City District Vice President-General Manager Matt Rosenthal. “From there, we…
Read MorePublicly Traded Companies
The Industry’s Publicly Traded Companies Provide An Industry Barometer When They Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30. Total revenues increased sharply from the prior year driven by double-digit growth in the company’s legacy business as well as the addition of U.S. Concrete operations. Total revenues were $1.954 billion, up from…
Read MoreCalPortland Closes Redding Deal
July 1, 2022 – CalPortland announced that the purchase of the Redding cement plant and other assets from Martin Marietta Materials was successfully completed on June 30. In addition to the Redding cement plant in Northern California, the assets include related cement distribution terminals and 14 ready mixed concrete plants located in California. “We are pleased to welcome the new employees…
Read MoreFirst Look – June 2022
First Look – April 2022
Mergers and Acquisitions
Several Blockbuster Deals And A Few Smaller Ones Highlight The Mergers And Acquisitions Landscape In The Aggregates Industry.
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