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 MoreTag: vulcan materials
First Look July 2021
TOP NEWS • USGS STATS • ECONOMIC INDICATORS • MSHA WATCH • ENERGY TOP NEWS Bipartisan BillPresident Biden and a bipartisan group of senators have announced a deal on infrastructure spending. According to the White House, the price tag comes in at $1.2 trillion over eight years, with $579 billion in new spending. Other sources peg the legislation as a $973-…
Read MoreAggregates Industry Market Report
In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisitions (M&A), Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore
Read MorePrices Continue to Rise
June 22, 2021 – In its first quarter report, Vulcan Materials noted, “The pricing environment continues to be positive across the company’s footprint as demand visibility continues to improve. For the quarter, freight-adjusted pricing increased 2% (mix-adjusted pricing increased 1.3%). Mix-adjusted pricing improved sequentially in March, reflecting recently announced price increases in certain key markets. Prices are expected to continue to increase sequentially during the remainder…
Read MoreVulcan Strikes Back
June 7, 2021 – In a blockbuster deal that has tongues wagging all over the industry, Vulcan Materials announced it has acquired U.S. Concrete. The stunning move comes on the heels of Martin Marietta’s acquisition of Lehigh Hanson Inc.’s West Region business – two huge industry acquisitions back-to-back. With 27 aggregates operations serving California, Texas and the Northeast that shipped 12.6 million tons in 2020,…
Read MoreVulcan Materials Acquires U.S. Concrete
Vulcan Materials Co. and U.S. Concrete Inc. have entered into a definitive merger agreement. Under the terms of the agreement, Vulcan will acquire all of the issued and outstanding shares of U.S. Concrete common stock for a purchase price of $74.00 per share in cash, which represents a total equity value of $1.294 billion. The transaction has been unanimously approved…
Read MoreVulcan Looks Ahead
May 4, 2021 – Vulcan Materials came out of the gate strong in the first quarter of 2021, reporting an Aggregates segment sales increase of 3% and a gross profit increase of 15%. Management expectations for the remainder of 2021 include the following updates:
Read MoreVulcan Aggregates Business Rises in First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. First-quarter total revenues were $1.068 billion, versus $1.049 billion in the first quarter of 2020. Net earnings were $161 million. Trailing 12-month totals were $4.876 billion versus $4.982 billion.
Read MoreVulcan Materials Supports Student Scholarships
April 29, 2021 – Vulcan Materials recently donated $5,000 to the College of Sciences and Mathematics (COSAM) at Auburn University. For more than 20 years, Vulcan has generously donated an annual academic scholarship for COSAM students in the Department of Geosciences. Several representatives from Vulcan met with Department of Geosciences Chair Dr. Ming-kuo Lee and made a formal donation from the…
Read MoreVulcan Hosts Congresswoman at Norcross Quarry
Vulcan Materials hosted Rep. Carolyn Bourdeaux (D-Ga.) at its Norcross Quarry in Georgia, according to the Georgia Construction Aggregates Association (GCAA).
Read More