Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/891178
One Week +0.004 p One Year +0.403 p One Week +0.006 p One Year +0.391 p One Week - 0.009 q One Year +0.365 p One Week +0.028 p One Year +0.393 p One Week +0.006 p One Year +0.451 p One Week +0.010 p One Year +0.494 p One Week +0.008 p One Year +0.421 p One Week +0.005 p One Year +0.353 p One Week +0.009 p One Year +0.448 p One Week +0.008 p One Year +0.421 p United States $2.792 Midwest $2.747 Gulf Coast $2.615 Rocky Mountain $2.860 West Coast $3.109 West Coast less California $3.018 East Coast $2.819 New England $2.767 Central Atlantic $2.934 Lower Atlantic $2.748 Company Ticker Current Value 52-Week Low 52-Week High Cemex, S.A.B. de C.V. CX $8.94 q $6.91 $10.37 CRH plc CRG $36.34 p $33.17 $40.98 Eagle Materials Inc. EXP $107.83 p $73.83 $110.64 Granite Construction Inc. GVA $59.96 p $42.59 $62.18 Heidelberg Cement AG HEI $100.56 p $90.44 $111.19 LafargeHolcim Ltd. ADR HCMLY $11.45 q $9.89 $12.35 Martin Marietta Materials, Inc. MLM $205.95 q $167.06 $244.32 MDU Resources Group, Inc. MDU $26.60 q $24.51 $29.92 Summit Materials SUM $31.29 p $17.84 $32.69 United States Lime & Minerals, Inc. USLM $87.53 p $63.60 $89.15 U.S. Concrete USCR $77.40 q $45.05 $83.85 Vulcan Materials Co. VMC $120.25 p $105.71 $138.18 STOCK REPORT COMPANY SPOTLIGHT Source: Wall Street Journal Market Watch. Currency conversion calculated on date of close 10/06/17. M artin Marietta (MLM) is on a roll. In recent months, it reported second quarter earn- ings of $2.25 per share (an 18-percent increase), announced the acquisition of Blue- grass Materials, and reported that it will continue to increase production capabilities. During the second quarter, consolidated net sales grew 8.8 percent to $996.3 million, with Building Materials also growing 8.8 percent to $931.7 million. "Our record second-quarter results refl ect improved sales, gross profi ts, and earnings from operations in each reportable group, underscoring the breadth of our business and our ability to capitalize on the ongoing recovery in construction activity," Ward Nye, chairman, president, and CEO, said in a press release. Gains in the Business Materials segment were attributed to pricing and volume gains. Ag- gregates prices rose an average of 3.8 percent, with a 10.6-percent increase in the Southeast Group. The West Group and the Mid-America Group reported price increases of 3.4 percent and 2.4 percent, respectively. Ag- gregates shipments rose by 2.0 percent compared to the second quarter of 2016, with an increase of 3.6 percent in the West Group, followed by a 2.0-percent increase in the Mid-American Group. In late June, the company announced it would acquire Bluegrass Materials Co., which has 23 active sites and more than 2 billion tons of reserves in Georgia, South Carolina, Tennessee, Maryland, and Kentucky. The deal, made for $1.625 billion in cash, is expected to close by the end of 2017. "As the leading aggregates producer in Maryland, Bluegrass will provide Martin Marietta with a strategic new growth platform within the southern portion of the Northeast Megaregion, serving the Baltimore, Frederick, Hagerstown, and Maryland Eastern Shore met- ropolitan areas, as well as Delaware," Nye said. "With aggregates shipments currently 20 to 30 percent below peak levels, all of these markets are expected to benefi t from the accelerat- ing economic recovery in the eastern United States." To prepare for anticipated strong demand in 2017 and 2018, Nye said Martin Marietta is "continuing key operational initiatives, including increasing production capabilities, investing in personnel, and undertaking grading and equipment maintenance." Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). U.S. On-Highway Diesel Fuel Prices 10/2/17 Data mining Source: Market Watch Martin Marietta (MLM) One Week +0.002 p One Year +0.416 p California $3.182