Martin Marietta Materials, the nation’s number-two aggregates producer, has divested certain West Coast cement operations. The company has entered a definitive agreement to sell its Tehachapi, Calif., cement plant to Unacem Corp., which is the Peru-based parent company of Arizona’s Drake Cement. With a projected closing by year end, the $317 million cash deal will position Unacem with 1.7 million…
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Martin Marietta Reports Quarterly Records for Revenues, Profitability, Unit Margins
Martin Marietta Materials Inc. reported results for the second quarter ended June 30, including quarterly records for revenues, profitability and unit margins. The company achieved gross profit of $1.821 billion versus $1.642 billion in the second quarter of 2022. Second-quarter aggregates gross-profit-per-ton increased 27.9% to $6.80. The Building Materials business generated record quarterly revenues of $1.74 billion, an 11.6% increase. Gross profit…
Read MoreLet’s Talk Sand and Gravel
The U.S. Geological Survey (USGS) released its updated “Top 100 Producers of Construction Sand and Gravel in the United States” list. According to USGS Commodity Specialist Jason Christopher Willett, the top 10 leading U.S. construction sand and gravel producing companies in 2021 were, in descending order of tonnage: CRH Americas Materials Inc.; Vulcan Materials Co.; Martin Marietta Materials Inc.; Lehigh…
Read MoreThe Price is Right
One of the key storylines in the aggregates industry over the past 12 months is the price of aggregates. Like almost every other construction material out there, the price of aggregates has gone up in keeping with the same inflationary pressures felt by other industries. This is very apparent in the recently released first-quarter reports of the industry’s publicly traded…
Read MoreUSGS: Aggregates Production Flat in 2022
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…
Read MoreAggregates 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
TOP NEWS Martin Marietta MaterialsMartin 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. Summit MaterialsSummit Materials Inc. announced results for the third quarter ended Oct. 1. Net Revenue…
Read MoreMartin 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…
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