Nov. 4, 2021 – Tom Hill, chairman and chief executive officer of Vulcan Materials, was frank regarding the company’s current expectations for 2021. Hill, commenting on the heels of the company’s third-quarter report, said, “We are increasing our full-year Adjusted EBITDA range to reflect the earnings contribution of U.S. Concrete as well as the recent trends in demand, price and…
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Mergers and Acquisitions
Several Blockbuster Deals And A Few Smaller Ones Highlight The Mergers And Acquisitions Landscape In The Aggregates Industry.
Read MoreVulcan Finalizes U.S. Concrete Acquisition
Vulcan Materials Co. announced that it has completed its previously announced acquisition of U.S. Concrete.
Read MoreThe Horses Are Out of the Barn
Well, the barn door has been kicked open, and the horses are out. After more than a year of COVID-19-driven inactivity, a lot is starting to happen. For openers, two major mergers rocked the aggregates industry, changing the landscape regionally and nationally. Vulcan Materials Co. and U.S. Concrete Inc. entered into a definitive merger agreement; and Martin Marietta Materials Inc.…
Read MoreU.S. Concrete Aggregates Product Revenue an All-Time High
U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.
Read MoreU.S. Concrete Acquires California Port Assets
U.S. Concrete Inc. has acquired an operational cementitious terminal, bulk storage facility, and approximately eight and a half acres of land with access to the Port of Stockton, Calif. The previous owner was George Weinberger Properties and Boral Limited is the current leasee of the facility, according to information provided by the Port of Stockton.
Read MoreU.S. Concrete Thanks Sandbrook for Service to Company
U.S. Concrete Inc. announced that William J. Sandbrook, member of the company’s board of directors, has decided not to stand for reelection at the company’s 2021 annual meeting of stockholders.
Read MoreU.S. Concrete Completes Purchase of Orca Quarry Leased Land; Royalty Agreement
U.S. Concrete Inc. has purchased fee-simple property and the underlying royalty agreement associated with the Orca Quarry on Vancouver Island, British Columbia, Canada. The acquisition includes approximately 1,551 acres in four parcels of previously leased land.
Read MoreU.S. Concrete Reports Record Revenue for Aggregate Segment
U.S. Concrete Inc. announced results for the full year and quarter ended Dec. 31, 2020, reporting record revenue and adjusted EBITDA in the aggregate-products segment for both periods.
Read MoreU.S. Concrete Reports Record Aggregates Revenue
U.S. Concrete Inc. reported results for the quarter ended Sept. 30. Consolidated revenue was $374.2 million. Net income was $24.1 million.
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