Summit Materials announced that Karli Anderson, formerly executive vice president, chief ESG officer and head of investor relations, will assume the title of executive vice president, chief people and ESG officer and head of communications, expanding her role to lead the company’s human resources and communications functions. “I am pleased to expand Karli’s leadership role at the company to encompass…
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Announcing ‘Women in Aggregates’
A woman’s place is in the aggregates industry. We are pleased to announce that SEMCO Publishing – parent company of Rock Products, Cement Products, Concrete Products, The ASIA Miner and North American Mining magazines – has launched Women in Aggregates, womeninaggregates.com, a new group dedicated to supporting women working in the aggregates industry. The initiative follows the efforts of similar…
Read MoreWomen in Aggregates: Anne Noonan
An Industry Outsider Makes Her Mark. By Josephine Patterson This is the first in a new series that highlights women in the aggregates industry. – Ed Anne Noonan decided it was time to undertake a new challenge in a different industry. So, after a successful 30-plus-year career in the chemical industry, she took on the role of President and CEO…
Read MoreSEMCO Publishing Launches Women in Aggregates Group
SEMCO Publishing – parent company of Rock Products, Cement Products, Concrete Products, The ASIA Miner and North American Mining magazines – has launched Women in Aggregates, womeninaggregates.com, a group dedicated to supporting women working in the aggregates industry. The initiative follows the efforts of similar groups such as Women in Mining, Women in Construction and Women of Asphalt. The Mission Statement of the group is,…
Read MoreSummit Materials CFO Harris to Retire
Summit Materials Inc. announced that Brian J. Harris, executive vice president and chief financial officer (CFO) plans to retire after a decade with the company. As part of a planned transition, Harris will continue in the CFO role until a successor is installed, after which time he will take on a non-executive role until his retirement date in the fourth…
Read MorePublicly Traded Companies
The Industry’s Publicly Traded Companies Provide An Industry Barometer When They Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30. Total revenues increased sharply from the prior year driven by double-digit growth in the company’s legacy business as well as the addition of U.S. Concrete operations. Total revenues were $1.954 billion, up from…
Read MoreSummit Materials Aggregates Revenues Rise in Second Quarter
Summit Materials Inc. announced results for the second quarter ended July 2. Net revenue increased $13.4 million, or 2.2% in the second quarter to $631.9 million, due to increases in average sales prices across all lines of business that more than offset volume declines due primarily to divestitures.
Read MoreSummit Materials Divests Hinkle Contracting
Summit Materials Inc. announced the divestiture of Kentucky-based Hinkle Contracting Co. LLC to an affiliate of CRH Americas Materials Inc. Hinkle Contracting owns and operates asphalt plants, rock quarries and paving operations. Hinkle also owns Kentucky Hauling Inc., Bourbon Limestone, and Ohio Valley Asphalt LLC. In addition, Hinkle is a joint venture partner in Nally & Gibson and Hamilton Hinkle.…
Read MoreSummit Materials Appoints Ghelani Chief Strategy and Growth Officer
Summit Materials Inc. appointed Kekin Ghelani as the company’s first-ever chief strategy and growth officer. Ghelani brings a wealth of experience in strategy, corporate development, marketing, branding, IT and innovation.
Read MoreSummit Materials Aggregates Revenues Rise in Down Quarter
Summit Materials Inc. announced results for the first quarter ended April 2, reporting Net Revenue decreased $6.0 million, or 1.5% in the first quarter to $392.5 million, primarily resulting from divestitures completed in 2021, partially offset by increases in average sales prices. Operating loss increased $9.2 million, or 36.9% in the first quarter to $34.3 million, as timing of price…
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