Summit Materials Inc. announced results for the first quarter 2018. Net revenue increased by 11.9 percent to $289.9 million in the first quarter 2018, versus $259.0 million in the prior-year period. The improvement in net revenue was primarily attributable to acquisition-related contributions in the East and West segments, coupled with organic growth in the West Segment.
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Summit Materials Reports Strong Quarterly, Yearly Results
Summit Materials Inc. announced results for the fourth quarter and full-year 2017. For the three months ended Dec. 30, 2017, the company reported diluted net income per share of $0.38 on net income of $43.0 million, compared to a diluted loss per share of ($0.00) on a net loss of ($0.3) million in the prior year period. Operating income increased…
Read MoreWatson Joins Summit Materials
Summit Materials Inc. announced that effective Jan. 8, 2018, Karl H. Watson Jr. has been appointed executive vice president and chief operating officer, succeeding Douglas C. Rauh. Tom Hill, CEO of Summit, stated, “We are very pleased to have Karl join Summit. I have known him for years and his depth and breadth of experience in our industry will add…
Read MoreFIRST LOOK – DECEMBER 2017
Martin Marietta Dips in Third Quarter Third-quarter 2017 total revenues for the Building Materials business, which includes the aggregates, cement, ready mixed concrete, and asphalt and paving product lines, were $1.024 billion, down slightly from $1.039 billion. Summit Materials Rises in Third Quarter Organic aggregates sales volumes increased 2.6 percent in the third quarter 2017, due mainly to increased demand in north…
Read MoreSummit Materials Sees Double-Digit Increases in Third Quarter
Summit Materials Inc. announced results for the third quarter 2017. Operating income increased by 28.8 percent to $113.9 million in the third quarter 2017, versus $88.4 million in the prior year period. For the three months ended Sept. 30, 2017, the company reported diluted net income per share of $0.72 on net income of $79.1 million, compared to diluted earnings…
Read MoreSummit Offer Fizzles; CRH Acquires Ash Grove
Ash Grove Cement Co.’s previously announced Agreement and Plan of Merger with CRH plc, under which CRH plc will acquire Ash Grove, has been approved by stockholders holding more than a majority of the outstanding voting stock, acting by written consent.
Read MoreWhat’s the Deal?
Oct. 6, 2017 – The CRH-Ash Grove merger just took a fresh turn. The company provided an update regarding the previously announced Agreement and Plan of Merger with CRH plc, under which CRH plc would acquire Ash Grove. Ash Grove has now announced that it has received a preliminary, non-binding competing proposal from a third party to acquire Ash Grove at…
Read MoreRauh Stepping Down at Summit Materials
Summit Materials Inc. announced that Douglas C. Rauh will be stepping down as executive vice president and chief operating officer, effective Dec. 30, 2017. As the company undertakes a search for a permanent replacement, Tom Hill, the company’s president and chief executive officer, will act as interim chief operating officer. During this search, the three executive vice presidents of the company’s operating…
Read MoreAggregates Executives Among New ARTBA Officers
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 MorePublicly Traded Companies Report
The aggregates industry’s publicly traded companies reported second quarter results.
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