Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/829086
One Week -0.018 q One Year +0.294 p One Week -0.019 q One Year +0.256 p One Week -0.025 q One Year +0.279 p One Week -0.015 q One Year +0.374 p One Week -0.018 q One Year +0.353 p One Week -0.028 q One Year +0.379 p One Week -0.010 q One Year +0.333 p One Week -0.012 q One Year +0.303 p One Week -0.011 q One Year +0.303 p One Week -0.020 q One Year +0.351 p One Week -0.006 q One Year +0.275 p United States $2.565 Midwest $2.497 Gulf Coast $2.410 Rocky Mountain $2.651 West Coast $2.839 West Coast less California $2.747 California $2.927 East Coast $2.612 New England $2.642 Central Atlantic $2.753 Lower Atlantic $2.507 Company Ticker Current Value 52-Week Low 52-Week High Cemex, S.A.B. de C.V. CX $8.75 q $5.28 $9.25 CRH plc CRG $34.59 p $26.05 $38.04 Eagle Materials Inc. EXP $99.76 p $71.11 $110.64 Granite Construction Inc. GVA $49.81 q $40.16 $62.18 Heidelberg Cement AG HEI $97.49 p $70.78 $102.81 LafargeHolcim Ltd. ADR HCMLY $11.19 q $7.40 $11.85 Martin Marietta Materials, Inc. MLM $233.84 p $167.06 $244.32 MDU Resources Group, Inc. MDU $25.68 q $20.94 $29.92 Summit Materials SUM $27.60 p $17.27 $28.71 United States Lime & Minerals, Inc. USLM $78.36 q $50.75 $81.99 U.S. Concrete USCR $70.15 p $42.82 $71.50 Vulcan Materials Co. VMC $123.99 p $105.05 $138.18 STOCK REPORT COMPANY SPOTLIGHT Source: Wall Street Journal Market Watch. Currency conversion calculated on date of close 5/09/17. C RH plc (CRG), parent company to Oldcastle Materials, reported a strong fi rst quarter with sales up by 4 percent compared to what was a strong fi rst quar- ter in 2016. Like-for-like group sales, which ex- clude currency exchange effects and the impact of acquisitions and divesti- tures, were up 3 percent compared to the same period a year prior. In its Americas Materials group, those like-for-like sales were "in line with" the strong fi rst quarter sales of 2016. Ac- cording to CRH's trading update, "Although less favorable conditions for our Americas Mate- rials operations resulted in lower volumes of aggregates and ready-mixed concrete, positive pricing trends in both products were experienced compared with the fi rst quarter of 2016." Typical fi rst quarter aggregate sales account for less than 20 percent of annual volumes for that segment. At CRH's annual general meeting, Chief Executive Albert Manifold told shareholders that the company was entering a "new phase" of growth and acquisitions. "Over the next 24 to 36 months, we will see CRH step on with further deals," he said, according to an Irish Times report. "We will broaden out our products, but developing markets will not be a focus." Previously, the company had invested about 10 percent of its net asset base in developing markets, but Manifold told shareholders that was "enough" for now. Its focus on mature markets may be refl ected in its purchase of Tell City, Ind.-based Mulzer Crushed Stone earlier this year. The company's trading update notes that it expects U.S. residential construction and non-residential activity to improve, and U.S. infrastructure to experience growth due to stability provided by the FAST Act. Manifold's compensation for last year increased to $10.87 million, driven by a $5.22 mil- lion share bonus payment that was based on shareholder returns. At the time of the meeting, the stock price had increased more than 80 percent to $35.82, giving the company a market value of $29.8 billion. Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). U.S. On-Highway Diesel Fuel Prices 5/8/17 Data mining Source: Market Watch CRH plc (CRG)