Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/932759
One Week +0.023 p One Year +0.399 p One Week +0.012 p One Year +0.400 p One Week +0.011 p One Year +0.337 p One Week -0.007 q One Year +0.433 p One Week -0.045 p One Year +0.377 p One Week +0.067 p One Year +0.400 p One Week +0.058 p One Year +0.396 p One Week +0.033 p One Year +0.361 p United States $2.996 Midwest $2.947 Gulf Coast $2.785 Rocky Mountain $2.974 East Coast $3.025 New England $3.077 Central Atlantic $3.209 Lower Atlantic $2.877 Company Ticker Current Value 52-Week Low 52-Week High Cemex, S.A.B. de C.V. CX $7.85 p $7.10 $10.37 CRH plc CRG $37.17 p $34.01 $41.73 Eagle Materials Inc. EXP $119.63 p $86.51 $119.83 Granite Construction Inc. GVA $64.08 q $45.14 $67.40 Heidelberg Cement AG HEI $111.37 p $91.73 $112.54 LafargeHolcim Ltd. ADR HCMLY $11.91 p $10.01 $12.34 Martin Marietta Materials, Inc. MLM $230.25 p $191.09 $244.32 MDU Resources Group, Inc. MDU $26.61 q $25.14 $29.74 Summit Materials SUM $31.74 p $21.88 $32.59 United States Lime & Minerals, Inc. USLM $79.00 q $71.61 $101.40 U.S. Concrete USCR $84.35 p $57.95 $86.35 Vulcan Materials Co. VMC $133.94 p $108.95 $136.82 STOCK REPORT COMPANY SPOTLIGHT Source: Wall Street Journal Market Watch. Currency conversion calculated on date of close 01/09/18. H ighlights from U.S. Concrete, Inc.'s (USCR) third quarter include a 7.9-percent increase in consolidated revenue to $354.6 million, a 3.0-percent increase in average sales price of ready-mixed concrete to $136.62 per cubic yard, and a 2.7-percent increase in average sales price of aggregate to $12.25 per ton. While ready-mix revenues increased 8.6 percent to $323.6 million, aggregate product revenues declined 5.3 percent to $21 million. "Despite signifi cant weather-related challenges, we are pleased to report that U.S. Concrete reached new quarterly highs for both revenue and Adjusted EBITDA in the third quarter of 2017," said President, CEO, and Vice Chairman William J. Sandbrook in a company press release. "Our re- sults continue to val- idate the strength of our market positions, the robustness of our regional construction economies, and the operational excel- lence of our dedicat- ed team members that helped us to produce solid growth in a quarter that was overshadowed by three devastating hurricanes and one of the wettest summers on record in Texas." Sandbrook said that the company would continue to remain active in the acquisition market, not- ing, "We are excited about our opportunities for growth both organically and through acquisitions." In November, U.S. Concrete closed its arrangement to acquire all issued and outstanding common shares of Polaris Materials Corp. It paid an aggregate of approximately $241.49 million to former Polaris shareholders. Option holders and holders of deferred shares were paid an aggregate of approximately $6.5 million as part of the agreement. "This acquisition will enable us to self-supply a majority of our current Northern California aggre- gate requirements and to further expand our footprint into other supply-constrained markets along the West Coast, including Southern California," Sandbrook said. The company also acquired Junction, Texas-based Cherokee Bridge and Road Inc., which owns three ready-mixed concrete plants. It will become part of the company's Ingram Concrete LLC subsidiary. Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). U.S. On-Highway Diesel Fuel Prices 01/8/18 Data mining Source: Market Watch U.S. CONCRETE, INC.'S (USCR) One Week +0.033 p One Year +0.521 p One Week +0.014 p One Year +0.313 p West Coast $3.394 West Coast less California $3.387 One Week -0.048 q One Year +0.685 p California $3.638