Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/756888
One Week -0.009 q One Year -0.032 q One Week -0.018 q One Year -0.101 q One Week -0.013 q One Year +0.023 p One Week -0.009 q One Year +0.044 p One Week 0.000 One Year +0.050 p One Week +0.018 p One Year +0.066 p One Week -0.015 q One Year +0.037 p One Week -0.001 q One Year -0.113 q One Week 0.000 One Year -0.047 q One Week +0.001 p One Year -0.036 q One Week -0.004 q One Year -0.040 q United States $2.470 Midwest $2.425 Gulf Coast $2.340 Rocky Mountain $2.532 West Coast $2.766 West Coast less California $2.673 California $2.840 East Coast $2.474 New England $2.502 Central Atlantic $2.584 Lower Atlantic $2.384 Company Ticker Current Value 52-Week High 52-Week Low Cemex, S.A.B. de C.V. CX $8.98 p $9.35 $3.50 CRH plc CRG $32.46 q $35.36 $22.80 Eagle Materials Inc. EXP $85.48 p $93.57 $45.03 Granite Construction Inc. GVA $47.97 p $51.35 $35.69 Heidelberg Cement AG HEI $96.41 p $101.11 $64.17 LafargeHolcim Ltd. ADR HCMLY $11.06 p $11.45 $6.92 Martin Marietta Materials, Inc. MLM $202.01 p $227.85 $108.31 MDU Resources Group, Inc. MDU $24.63 p $25.79 $15.58 Summit Materials SUM $20.81 p $24.55 $13.12 United States Lime & Minerals, Inc. USLM $65.98 p $67.82 $47.82 U.S. Concrete USCR $48.85 p $69.66 $40.42 Vulcan Materials Co. VMC $119.73 p $136.80 $78.83 STOCK REPORT COMPANY SPOTLIGHT Sources: Wall Street Journal Market Watch. Currency conversion calculated on date of close 11/18/16. A ccording to its third quarter report, released Nov. 2, Summit Materials' net revenue increased to $480.2 million, versus $426.3 million in the prior year period. The year-over-year improve- ment in net revenue was primarily attributable to higher acquisition-related sales volumes across all lines of business, along with improved organic and acquisition-related pricing on aggregates, cement, and ready-mix concrete. "Total sales volumes increased across all lines of business in the third quarter, due mainly to the benefi t of acquisitions completed during the past 12 months," said Tom Hill, CEO, not- ing that the company would remain a disciplined acquirer of strategic assets. "Looking ahead, we believe that our regional markets remain in the early stages of a multi-year recovery in public infrastructure, residential, and non-residential construction spending, as supported by favorable long-term demographic trends." During the fi rst nine months of the year, approximately 40 percent of Summit Materials' aggregates revenues were related to public infrastructure. "Entering 2017, we anticipate an acceleration in public infrastructure spending from current levels, supported in part by the passage of the FAST Act and state-level funding," Hill said. Aggregates net revenues increased 25.4 percent to $78.3 million in the third quarter, when compared to the prior year period. Including acquisitions, sales volumes increased 16.8 per- cent and average sales prices increased 8.1 percent, when compared to the prior year period. Excluding acquisitions, organic sales volumes dropped 3.4 percent while organic average sales prices increased 4.6 percent when compared to prior year period. Organic sales were impacted by a combination of lower volumes in the Vancouver, B.C., market where a large sand river project was completed in 2015, and the Texas market, which experienced tempo- rary fl ooding during the period. At press time, Summit Materials planned to host its fi rst Investor Day in Houston. "We believe Summit is uniquely positioned for profi table expansion in the years ahead and intend to provide important details around our roadmap for strategic growth at this important event," Hill said. Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). ccording to its U.S. On-Highway Diesel Fuel Prices 11/7/16 Data mining