The American Road & Transportation Builders Association (ARTBA) announced the election of its 2017-2018 officers during an annual business meeting of members on Sept. 19, including several high-profile aggregates executives. New officers are:
Read MoreTag: Summit Materials
Publicly Traded Companies Report
The aggregates industry’s publicly traded companies reported second quarter results.
Read MoreFIRST LOOK – AUGUST 2017
TOP NEWS Vulcan Materials Vulcan Materials Co. announced results for the second quarter ended June 30, 2017. Total revenues increased $74 million, or 8 percent, to $1.03 billion. Gross profit was $292 million, in line with the prior year. Net earnings were $120 million and Adjusted EBITDA was $288 million. Martin Marietta Materials Martin Marietta Materials Inc. reported record results for…
Read MoreSummit Materials Aggregates Revenue Sees Healthy Increase
Summit Materials Inc. announced results for the second quarter 2017. For the three months ended July 1, 2017, the company reported basic earnings per share of $0.47 on net income of $50.0 million, compared to basic earnings per share of $0.21 on net income of $13.4 million in the prior year period. Operating income increased by 75. percent to $82.4…
Read MoreSummit Materials Implements Fleet Maintenance Management Solution
When Summit Materials found itself faced with a unique asset maintenance challenge, it turned to TMW Systems for the solution. Operating from 57 maintenance facilities across North America, Summit Materials implemented TMW’s comprehensive TMT Fleet Maintenance management solution to centralize and streamline in-house maintenance and repair operations.
Read MoreSummit Materials’ Aggregates Revenues Spike Higher in First Quarter
Summit Materials Inc. announced results for the first quarter 2017. For the three months ended April 1, 2017, the company reported a net loss of $52.4 million, compared to a net loss of $21.1 million in the prior-year period. On an adjusted basis, Summit reported a net loss of $54.8 million, versus a diluted net loss of $42.5 million in…
Read MoreSummit Materials’ Integrated, Materials-Based Model Drives Success
Summit Materials Inc. announced that for the 12 months ended Dec. 31, 2016, the company’s net income was $36.8 million and adjusted net income was $98.3 million. For the three months ended Dec. 31, 2016, the company is reporting a net loss of $300,000 and adjusted net income of $21.0 million.
Read MoreMerger and Acquisition Activity Heats Up
One of the key indicators of an expanding construction-materials market is merger and acquisition activity. We are starting to see a little bit of that right now.
Read MoreSummit Materials Acquires Colorado, Arkansas Operations
Summit Materials Inc. entered into definitive agreements to acquire Colorado-based Everist Materials, LLC and Arkansas-based Razorback Concrete Co., subject to customary closing conditions. Both transactions are expected to close on or before Feb. 28, 2017.
Read MoreSummit Materials Expands Aggregates Sales Volume
Summit Materials Inc. announced results for the third quarter of 2016. For the three months ended Oct. 1, 2016, the company generated adjusted net income of $73.5 million, an increase of more than 15 percent when compared to the prior year period.
Read More