Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/777939
One Week +0.011 p One Year +0.420 p One Week +0.007 p One Year +0.451 p One Week -0.003 q One Year +0.368 p One Week +0.006 p One Year +0.407 p One Week +0.026 p One Year +0.447 p One Week +0.017 p One Year +0516 p One Week +0.032 p One Year +0.391 p One Week +0.021 p One Year +0.419 p One Week +0.012 p One Year +0.342 p One Week +0.037 p One Year +0.463 p One Week +0.012 p One Year +0.410 p United States $2.597 Midwest $2.547 Gulf Coast $2.448 Rocky Mountain $2.541 West Coast $2.873 West Coast less California $2.774 California $2.953 East Coast $2.648 New England $2.677 Central Atlantic $2.813 Lower Atlantic $2.526 Company Ticker Current Value 52-Week Low 52-Week High Cemex, S.A.B. de C.V. CX $7.80 q $3.50 $9.35 CRH plc CRG $33.84 q $20.46 $36.32 Eagle Materials Inc. EXP $99.32 q $45.03 $103.16 Granite Construction Inc. GVA $54.55 q $35.69 $62.18 Heidelberg Cement AG HEI $90.71 p $61.42 $99.87 LafargeHolcim Ltd. ADR HCMLY $10.54 q $6.92 $11.66 Martin Marietta Materials, Inc. MLM $220.56 q $108.31 $236.41 MDU Resources Group, Inc. MDU $28.65 q $15.58 $29.92 Summit Materials SUM $24.03 p $12.96 $25.00 United States Lime & Minerals, Inc. USLM $73.83 q $48.41 $78.15 U.S. Concrete USCR $61.00 p $40.42 $69.66 Vulcan Materials Co. VMC $123.61 q $78.83 $138.18 STOCK REPORT COMPANY SPOTLIGHT Sources: Wall Street Journal Market Watch. Currency conversion calculated on date of close 1/10/17. U .S. Concrete (USCR) reported that its third quar- ter revenue from aggre- gate products increased 16.7 percent to $22.1 million, with the average sales price increasing 13.0 percent to $11.93 per ton. Its ready-mixed concrete revenue rose 12.6 percent to $297.9 million, with the average sales price increasing 6.1 percent to $132.70 per cubic yard. Overall net income for the third quarter was $38.0 million, compared to net income of $1.6 million in the third quarter of 2015. Those results include the recognition of a $21.8 million non-cash derivative related gain compared to a $26.9 million non-cash derivative loss in the third quarter of 2015. "We continue to successfully build strong leadership positions in our major metropolitan markets and strengthen our footprint through accretive acquisitions, which has led to the re- cord results we are reporting this quarter," Bill Sandbrook, president and CEO, said in a press release. "During the quarter, consolidated revenue increased 11.3 percent to $328.6 million on both higher volume and selling prices in both ready-mixed concrete and aggregates…. we produced these record results for the third quarter even with a signifi cantly higher than normal level of rainfall in north Texas in August of 2016." During the third quarter, U.S. Concrete acquired two ready-mixed concrete businesses in New York. "Our acquisition pipeline continues to provide opportunities for selective, accretive growth in both our ready-mixed concrete and aggregate platforms, and we are very focused on the potential to enter into new major metropolitan areas," Sandbrook said. In early January, the company closed its offering of $200 million of senior notes due 2024. The notes were issued under the same indenture as the $400 million aggregate principal amount of the company's 6.375 percent senior notes due 2024, issued in June 2016. Accord- ing to MarketWatch, the company plans to use net proceeds from the offering for general corporate purposes, including funding the purchase price of future acquisitions to expand its business. Source: U.S. Energy Information Administration (dollars per gallon, prices include all taxes). .S. Concrete U.S. On-Highway Diesel Fuel Prices 1/9/17 Data mining Source: Market Watch U.S. Concrete