TOP NEWS Martin Marietta Hits Record RevenuesMartin Marietta Materials Inc. reported results for the first quarter ended March 31. The company is reporting record first-quarter consolidated revenues of $1.147.8 billion compared to $921.9 million in last year’s first quarter, a 24.5% increase. Vulcan Reports Strong QuarterVulcan Materials Co. announced results for the quarter ended March 31. Total revenues increased 44%…
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First Look – April 2022
TOP NEWS Athabasca Closes AcquisitionAthabasca Minerals Inc. closed the strategic acquisition of an operational U.S. sand mine and facilities in Wisconsin. The assets include real estate of 1,100 acres, a fully functional and staffed mine and processing plant capable of 2 million tpy of sand, fixed storage, rail transload with unit-train capability (i.e. loading/unloading 100 railcar shipments), mobile equipment and…
Read MoreMergers and Acquisitions
Several Blockbuster Deals And A Few Smaller Ones Highlight The Mergers And Acquisitions Landscape In The Aggregates Industry.
Read MoreFirst Look July 2021
TOP NEWS • USGS STATS • ECONOMIC INDICATORS • MSHA WATCH • ENERGY TOP NEWS Bipartisan BillPresident Biden and a bipartisan group of senators have announced a deal on infrastructure spending. According to the White House, the price tag comes in at $1.2 trillion over eight years, with $579 billion in new spending. Other sources peg the legislation as a $973-…
Read MoreFIRST LOOK – JUNE 2021
TOP NEWS Martin Marietta MaterialsMartin 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. The company also announced that it acquired Minnesota-based Tiller Corp.
Read MoreFIRST LOOK – DECEMBER 2020
TOP NEWS
Read MoreMSHA Reports Machinery Fatality
The Mine Safety and Health Administration (MSHA) reported that on Aug. 21, a truck driver at Martin Marietta Materials’ Moore Quarry, Pocahontas, Iowa, sustained fatal head injuries while he was deploying the automatic tarp on his fifth-wheel side-dump trailer.
Read MoreFormer Transportation Secretary Joins Martin Marietta Board
Martin Marietta Materials Inc. announced the appointment of Anthony R. Foxx as an independent member to its board of directors, effective Nov. 6. With Foxx’s appointment, the Martin Marietta Board is comprised of 11 directors, 10 of whom are independent and six of whom have joined since 2016. Foxx will serve on Martin Marietta’s Finance Committee.
Read MoreMartin Marietta: Aggregates Deep Dive
Oct. 30, 2020 – Martin Marietta’s third-quarter aggregates shipments to the infrastructure and nonresidential end-use markets declined, while shipments to the residential market increased slightly. Aggregates pricing improved 2.7%, or 4.0% on a mix-adjusted basis. Full-year 2020 pricing is expected to increase 3% to 4%. East Group shipments decreased 8.8%, reflecting weather-delayed projects in the Mid-Atlantic and Southeast, anticipated lower infrastructure shipments in portions of North Carolina and…
Read MoreMartin Marietta Aggregates Shipments Down; Pricing Up
Martin Marietta Materials Inc. reported results for the third quarter ended Sept. 30. The company achieved third-quarter gross profit of $405 million; record year-to-date gross profit of $927 million; and established new quarterly records for consolidated and aggregates gross margin.
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