Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/732024
One Week -0.002 q One Year -0.127 q One Week -0.004 q One Year -0.096 q One Week -0.005 q One Year -0.121 q One Week +0.017 p One Year -0.074 q One Week +0.006 p One Year -0.082 q One Week +0.008 p One Year -0.027 q One Week +0.005 p One Year -0.126 q One Week -0.009 q One Year -0.400 q One Week -0.003 q One Year -0.243 q One Week +0.003 p One Year -0.217 q One Week -0.006 q One Year -0.154 q United States $2.407 Midwest $2.387 Gulf Coast $2.264 Rocky Mountain $2.493 West Coast $2.664 West Coast less California $2.563 California $2.746 East Coast $2.408 New England $2.420 Central Atlantic $2.499 Lower Atlantic $2.335 Company Ticker Current Value 52-Week High 52-Week Low Cemex, S.A.B. de C.V. CX $7.80 q $3.50 $9.09 CRH plc CRG $32.59 p $31.88 $32.72 Eagle Materials Inc. EXP $74.65 q $45.03 $87.57 Granite Construction Inc. GVA $46.94 q $28.45 $51.35 Heidelberg Cement AG HEI $89.04 p $65.35 $94.61 LafargeHolcim Ltd. ADR HCMLY $10.28 q $6.92 $12.23 Martin Marietta Materials, Inc. MLM $175.00 q $108.31 $206.36 MDU Resources Group, Inc. MDU $23.14 q $15.58 $24.67 Summit Materials SUM $17.94 q $13.12 $24.60 United States Lime & Minerals, Inc. USLM $64.84 p $45.56 $66.62 U.S. Concrete USCR $48.98 q $40.42 $69.66 Vulcan Materials Co. VMC $107.87 q $78.83 $127.20 STOCK REPORT COMPANY SPOTLIGHT Sources: Wall Street Journal Market Watch. Currency conversion calculated on date of close 9/9/16. V ulcan Materials Co. announced second quarter aggregates shipments grew 1.3 million tons — or 3 percent, compared to the same quarter in 2015. Pricing increased by $0.84 or 7 percent. These fi gures contributed to a 23-percent ($47 million) increase in gross aggregates profi t, de- spite wet weather that led to "below-trend shipment growth" in several key markets. Net earnings for the second quarter increased 157 percent and Adjusted EBITDA increased 21 percent as gross profi t margins improved in the aggregates, asphalt, and concrete segments, the company says. "The fundamentals of our aggregates-focused business remain attractive, and we are reaffi rming our full-year Adjusted EBITDA guidance," Tom Hill, chairman and CEO, said in a news release. "Weather patterns and the timing of large project activity have led to higher month-to-month and state-to-state variability in our shipments, somewhat masking the continued recovery in construction materials demand across our footprint. In several markets, higher levels of public funding for transportation and other infrastructure have yet to convert into construction activity, creating a 'lull' in materials shipments to these end uses. In addition, some markets may have seen a portion of second quarter activity pulled forward into the fi rst quarter. Taken in total, however, our fi rst half aggregates shipment growth of 9 percent was roughly in line with recent trend. Longer-term project pipelines appear healthy, and the foundations for sustained, multi-year volume and pricing growth remain in place." From a trailing 12-month perspective, here are some key statistics: • Total revenues increased $452 million, or 14 percent, to $3.6 billion; • Gross profi t increased $311 million, or 45 percent, to $1.0 billion; and • Aggregates segment sales increased $442 million, or 17 percent, to $3.0 billion, and aggregates freight-adjusted revenues increased $351 million, or 18 percent, to $2.3 billion. Total shipments increased 9 percent, or 15 million tons, to 185 million tons, while the sales price increased 9 percent. Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). 0 20 40 60 80 100 120 140 Mar -10 Jun-10 Sep-10 Dec -10 Mar-11 Jun-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Feb-13 May-13 Aug-13 Nov-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Oct-15 Jan-16 Apr-16 Jul-16 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Vulcan Stock Price 90-Day Moving Average Sep-06 Dec-06 Mar-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Feb-09 May-09 Aug-09 Nov-09 U.S. On-Highway Diesel Fuel Prices 9/5/16 Data mining