M&A
REPORT
•
15
A
t mid-year 2013,
the U.S. Geo-
logical Survey
(USGS) had
reported flat results in con-
struction aggregates. While
the residential market was
showing life, the results had
not impacted the sector's
reported volumes; however,
by year-end, the sector was
showing life. The increased
activity and the promise for
continued growth sparked
a rally in the sectors stock
prices in 2014.
Chart 1 presents FMI's
Construction Materials In-
dex (CMI) comprising the
results of 13 construction
materials companies. The
table below the graph pres-
OUTLOOK AHEAD
Improved
After finally
exhibiting signs
of life at the
end of 2013,
the construction
materials market
shows promise
for future
growth.
Chart 1: 10-Year CMI comparison
Source: CapIQ, FMI