American essayist and novelist Charles Dudley Warner is known for making the famous remark, “Everybody talks about the weather, but nobody does anything about it.” Mark Twain liked it so much he stole it and everyone now attributes it to him. No matter who said it, the remark is spot on. But what can we do about it? We better…
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First Look – September 2024
TOP NEWS Summit MaterialsSummit Materials Inc. announced results for the second quarter ended June 29, reporting that net revenue increased $395.1 million, or 58.1%, in the second quarter to $1,075.5 million. In the quarter, $464.0 million of net revenue was due to acquisitions, primarily the Argos USA transaction Martin Marietta MaterialsMartin Marietta Materials Inc. reported results for the second quarter…
Read MoreWeather Impacts Vulcan’s Second Quarter Results; Price Growth Strong
Vulcan Materials Co. announced results for the quarter ended June 30, reporting total revenue of $2.014 billion versus $2.113 billion for the same period in 2023. Year to date, the company is reporting total revenue of $3.560 billion, versus $3.762 billion in the first half of 2023.
Read MoreVulcan Materials Releases its Latest Sustainability Report
Vulcan Materials Co. has released its 2023 Sustainability Report. The report focuses on the progress made in key areas of the business, including:
Read MoreVulcan Rises in Fortune 500
June 11, 2024 – It is now safe to say that Vulcan Materials is solidly ranked in the Fortune 500. The company placed 472 on the list, and has been included on this list in the top 500 for the past two years. Vulcan has moved up 22 spots from 2023. Companies are ranked by total revenues for their respective fiscal…
Read MoreGCAA Holds Environmental Committee Summit
On May 29, CRH/Midsouth Aggregates hosted the Georgia Construction Aggregate Association (GCAA) Environmental Committee Summit at its U.S. headquarters in Dunwoody, Ga. The group engaged in a roundtable dialogue including federal and state updates. Emily Coyner, National Stone, Sand & Gravel Association (NSSGA) policy director gave an update on federal issues that are being addressed by NSSGA. Katie Gregory, KBNC Strategies and GCAA…
Read MoreFirst Look – June 2024
TOP NEWS Summit MaterialsSummit Materials, Inc. announced results for the first quarter ended March 30. Net revenue increased $366.0 million, or 89.9% in the first quarter to $773.2 million, including the partial quarter impact of the Argos USA assets. In the quarter, $378.5 million of revenue was recognized from recent acquisitions which more than offset a decrease of $21.7 million…
Read MoreVulcan Materials Dispels False Accusations by Mexican Government
In 2022, the Mexican government ordered a halt to limestone quarrying at Vulcan Materials’ mining unit in Quintana Roo, alleging environmental damages. Vulcan Materials said it rejects the “illegal expropriation” of its investments in Mexico but remains open to a negotiated solution with the Mexican government. Mexican President Lopez Obrador said last week that the site had not been expropriated,…
Read MoreBill Would Protect U.S. Corporate Interests Abroad
Congressman August Pfluger (R-Texas) introduced the Defending American Property Abroad Act, a crucial piece of legislation aimed at protecting American companies operating abroad, particularly in the Western Hemisphere. The need for this legislation has been underscored by recent actions taken by the Mexican government, which threaten the property rights of American companies, a news release said. For example, President Andrés…
Read MoreWhitaker Contracting Sells to Vulcan Materials
Whitaker Contracting has sold its business to Vulcan Materials Co., according to FMI Capital Advisors, which served as the exclusive financial advisor to Whitaker Contracting for the transaction.
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