One of the key storylines in the aggregates industry over the past 12 months is the price of aggregates. Like almost every other construction material out there, the price of aggregates has gone up in keeping with the same inflationary pressures felt by other industries. This is very apparent in the recently released first-quarter reports of the industry’s publicly traded…
Read MoreTag: Summit Materials
First Look – June 2023
TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended March 31, reporting total revenues of $1.649 billion, versus total revenues of $1.541 billion in the first quarter of 2022, about a 7% increase. Summit Materials Summit Materials Inc. announced results for the first quarter ended April 1, reporting net revenue of $407.3 million, versus $392.5 million in the…
Read MoreMSHA Impact Inspections Target 20 Mines in 15 States
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. An S&S violation is one reasonably likely to cause a reasonably…
Read MoreGCAA Announces New Committee Chairs
The Georgia Construction Aggregate Association (GCAA) named two new committee chairs. Aaron Himes, Summit Materials, will serve as chairman of the Safety Committee. Eric Griffith, Luck Stone, was named chairman of the Workshop/Expo Committee. Himes is the East Region safety director for Summit Materials, Boxley, Va.; Georgia Stone Products (Georgia and Florida); and American Materials Co. (North and South Carolina);…
Read MoreUSGS: Aggregates Production Flat in 2022
By Mark S. Kuhar At the start of 2022, it was highly anticipated that aggregates production would rise to about 2.80 billion metric tons (Gt) for the year. Well, final numbers are in and the estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 Gt, unchanged from that of 2021, according to Jason Christopher Willett, commodity…
Read MorePeckham Industries Tackles Pricing
A New Plan Allowed The Company To Focus On Delivering Value To Its Customers – And Its Customers To Focus On Their Work. By Barry Hudson and Julia Georgi This is the third in a series of articles on pricing. -Ed. The year 2022 was an unprecedented year for inflation, and the speed of its onset. Headline inflation numbers were…
Read MoreAggregates Production: What Went Wrong?
March 6, 2023 – At the start of 2022, it was highly anticipated that aggregates production would rise to about 2.80 billion metric tons (Gt) for the year. Well, final numbers are in and the estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 Gt, unchanged from that of 2021, according to Jason Christopher Willett, commodity…
Read MoreFIRST LOOK – March 2023
TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2022. In the fourth quarter 2022, the company reported total revenues of $1.732 billion versus $1.606 billion in the fourth quarter of 2021. For full-year 2022, the company reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30%…
Read MoreFirst Look – December 2022
TOP NEWS Martin Marietta MaterialsMartin Marietta Materials reported results for the third quarter ended Sept. 30, noting products and services revenues of $1.680 billion versus $1.463 billion over the same period last year, an increase of 14.9%. Building Materials generated record products and services revenues. Summit MaterialsSummit Materials Inc. announced results for the third quarter ended Oct. 1. Net Revenue…
Read MoreSummit Materials Reports Third Quarter Results; Acquisition
Summit Materials Inc. announced results for the third quarter ended Oct. 1. Net revenue increased $23.8 million, or 3.6% in the third quarter to $686.0 million, due to increases in average sales prices across all lines of business that more than offset the impact of divestitures.
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