In the last couple of months, I have written about the housing boom, as well as an economy on fire, which coupled with the prospects for an infrastructure bill just adds optimism to the outlook for our industry. But as we look out toward the last remaining months of the year, it has been remarkable to witness the growth spurt…
Read MoreTag: Martin Marietta
Martin Marietta Looks Forward
July 29, 2021 – Martin Marietta released its second-quarter report, and it features record consolidated revenues, even with inclement weather hampering operations in Texas and Colorado. The company remains confident that favorable pricing dynamics will continue, supported by the company’s locally-driven pricing strategy. Additionally, the company anticipates single-family housing growth, expanded infrastructure investment and notable heavy industrial projects of scale will…
Read MoreMartin Marietta Reports Record Second-Quarter Revenues
Martin Marietta Materials Inc. reported results for the second quarter ended June 30, including products and services revenues of $1.295 billion versus $1.189 billion in the second quarter of 2020.
Read MoreMartin Marietta District Achieves Safety Milestone
Martin Marietta’s North Texas/Oklahoma District has been here before. In April, the group celebrated a full year (more than 1 million hours) of work without a reportable incident across all 18 of its operations. It’s the second such achievement in the district’s history and this time, the team is far better positioned to make it endure.
Read MoreHanson Buys Arizona Parcel for Aggregates Operation
Hanson Aggregates, a subsidiary of Lehigh Hanson Inc., bought 1,425 acres of land west of Buckeye, Ariz., for $16.5 million, according to real estate database Vizzda. Trey Champie of Headquarters West was the broker for the deal, and the seller was Resource Land Holdings, a private equity firm based in Denver.
Read MoreAggregates Industry Market Report
In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisitions (M&A), Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore
Read MoreKeith “Sarge” Hurlbert
Sponsored by the Indiana Mineral Aggregates Association’s (IMAA) PIE Committee, The Miner of the Year Award exemplifies the very best in the profession and these individuals continually bring credit to the industry and to their community. During the 2021 Winter Workshops Online, Jeff McIntosh of Martin Marietta presented the Miner of the Year Award to Keith “Sarge” Hurlbert of Martin…
Read MorePrices Continue to Rise
June 22, 2021 – In its first quarter report, Vulcan Materials noted, “The pricing environment continues to be positive across the company’s footprint as demand visibility continues to improve. For the quarter, freight-adjusted pricing increased 2% (mix-adjusted pricing increased 1.3%). Mix-adjusted pricing improved sequentially in March, reflecting recently announced price increases in certain key markets. Prices are expected to continue to increase sequentially during the remainder…
Read MorePermitting Battle
June 18, 2021 – Martin Marietta Materials Inc. has petitioned the Colorado Supreme Court to review a state Court of Appeals ruling in favor of Save Our St. Vrain Valley, an ecological activist coalition that’s been working to keep the company from mining gravel on hundreds of acres in the Hygiene area west of Longmont, according to media reports.
Read MoreWho’s Number One?
May 24, 2021 – Martin Marietta Materials Inc. opened everyone’s eyes like a strong cup of coffee this morning by announcing a blockbuster deal to acquire Lehigh Hanson Inc.’s West Region business from HeidelbergCement for $2.3 billion. Speculation has already begun in earnest about whether the transaction would make Martin Marietta the nation’s number-one aggregates producer. With help from Jason Willett, crushed-stone commodity specialist…
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