Nov. 10, 2023 – I am pleased to announce that I will be moderating an executive roundtable discussion at the Missouri Limestone Producers Association’s (MLPA) 78th annual convention on Nov. 30th in Lake of the Ozarks, Mo. Featured participants include Anne Noonan, CEO, Summit Materials; John Griesemer, Erlen Group; Chris Schlicht, N.A. supply chain manager, Epiroc; and George Reddin, managing director, FMI…
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Summit’s Strong Quarter Highlighted by Revenue Growth
Summit Materials Inc. announced results for the third quarter ended Sept. 30, reporting that net revenue increased $56.0 million, or 8.2%, to $742.0 million, as increases in average sales prices across all lines of business more than offset lower volumes.
Read MoreSummit Materials Mystery Bidder Revealed
Oct. 25, 2023 – According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share. Bloomberg’s sources said Heidelberg has been working with advisers on its pursuit of Summit and made approaches…
Read MoreFireside Chat With Summit
Oct. 11, 2023 – Summit Materials Inc. announced that Anne Noonan, Summit’s president and CEO, and Scott Anderson, Summit’s executive vice president and CFO, will discuss its merger with Argos USA with covering analyst Trey Grooms, from Stephens. The discussion will take place during a fireside chat at 8:00 a.m. Eastern time (6:00 a.m. Mountain time) on Thursday, Oct. 19. The conversation will highlight the strategic…
Read MoreSummit Materials, Argos North America to Merge
Summit Materials Inc. has entered into a definitive agreement with Cementos Argos S.A. under which Summit will combine with Argos North America Corp., the U.S. operations of Cementos Argos, in a cash and stock transaction valued at $3.2 billion . Argos USA is among the largest cement producers by total installed capacity in its areas of operations, which include the…
Read MorePublicly Traded Companies
The Industry’s Publicly Traded Companies Provide An IndustryBarometer When they Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30, reporting total revenues of $2.113 billion versus $1.954 billion in the second quarter of 2022; and a six-month total of $3.762 billion versus $3.495 billion for the same period in 2022. In the second…
Read MoreMSHA Continues Impact Inspections
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) completed impact inspections at 20 mines in 15 states in April 2023 and found 335 violations. Since Jan. 1, 2023, MSHA’s inspections identified 914 violations, including 257 significant and substantial and 18 unwarrantable failure findings. A significant and substantial violation is one reasonably likely to cause…
Read MoreMSHA Reports 21st Fatality of 2023
MSHA reported that on June 1, a customer truck driver at Summit Materials’ Hockley Plant, Harris, Texas, died when he was struck by a component of his truck’s air bag height/ride suspension system while performing maintenance. This is the 21st fatality reported in 2023, and the seventh classified as “Machinery.” MSHA recommends the following best practices to avoid this type…
Read MorePricing is the New Black
It Is Time To Discuss A Critical And Yet Underestimated Part Of Price Management – The Quotation. By Julia Georgi With Vulcan Materials Co., Martin Marietta Materials, Summit Materials and Heidelberg Materials reporting record price increases in the first quarter of 2023, price and revenue management is finally becoming mainstream in our industry. Those remarkable success stories of publicly traded…
Read MoreBuildex Banks on Wobbler Feeder, Roll Crushers
New Equipment Has Improved Efficiency But Also Yield At Its Dearborn, Mo., Plant. by Mark S. Kuhar Buildex, a Midwestern United States producer of expanded shale lightweight aggregate, has been producing its Haydite lightweight aggregate for more than 70 years. Buildex is a Hamm Inc. company, a division of Summit Materials. With a focus on quality, consistency and service to…
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