First Look – June 2022

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…

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First 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-…

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Former 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.

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Martin 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…

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