Polaris Materials Corp. reported financial results for its fourth quarter and full year ending Dec. 31, 2016. The company reported:
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FIRST LOOK – NOVEMBER 2016
TOP NEWS Eagle Flies High Eagle Materials Inc. reported Concrete and Aggregates division revenues for the second quarter of $38.8 million, an increase of 7 percent. Second quarter operating earnings were $4.8 million, a 25 percent improvement from the same quarter a year ago, reflecting improved aggregates sales volumes and improved concrete and aggregates sales prices. Polaris Turns Up the…
Read MorePolaris Materials’ Aggregates Sales Up 42 Percent
Polaris Materials Corp. reported financial results for its second quarter ending June 30, 2016. Aggregate sales for the current quarter were 946,000 tons, a 42 percent increase over sales of 668,000 tons in the second quarter of 2015. Shipments of the company’s products increased compared to the prior year due to both increased delivered shipments into San Francisco and ex-quarry…
Read MorePolaris Stymied in First Quarter
Polaris announced that sales volumes in Q1 2016 were 516,000 tons which was modestly below its expected range of 550,000 to 600,000 tons. The company said heavy rain in its key markets, as well as scheduled maintenance at one of its Bay Area delivery points, continued to impact volumes.
Read MorePolaris Materials Announces Management Succession Plan
Polaris Materials Corp. announced a management succession plan effective Oct. 1, 2015.
Read MorePolaris Minerals Renamed Polaris Materials
Polaris Minerals Corp. will change its name to Polaris Materials Corp. The change of name was approved by shareholders at the company’s 2014 Annual General Meeting when 99.3 percent of the votes cast were in favor of the proposed change of name. The company will continue to have the same TSX stock symbol of ‘PLS’ and will adopt a new…
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