Aggregates Manager Digital Magazine
Issue link: https://read.dmtmag.com/i/789750
One Week -0.004 q One Year +0.550 p One Week -0.008 q One Year +0.563 p One Week -0.005 q One Year +0.507 p One Week -0.001 q One Year +0.601 p One Week +0.011 p One Year +0.620 p One Week +0.004 p One Year +0.675 p One Week +0.017 p One Year +0.575 p One Week -0.004 q One Year +0.531 p One Week -0.001 q One Year +0.460 p One Week -0.007 q One Year +0.539 p One Week -0.002 q One Year +0.549 p United States $2.558 Midwest $2.492 Gulf Coast $2.403 Rocky Mountain $2.515 West Coast $2.856 West Coast less California $2.748 California $2.944 East Coast $2.618 New England $2.661 Central Atlantic $2.763 Lower Atlantic $2.508 Company Ticker Current Value 52-Week Low 52-Week High Cemex, S.A.B. de C.V. CX $8.70 p $4.08 $9.51 CRH plc CRG $33.98 p $24.14 $36.87 Eagle Materials Inc. EXP $103.87 p $51.74 $110.64 Granite Construction Inc. GVA $53.23 q $36.17 $62.18 Heidelberg Cement AG HEI $92.91 p $63.66 $100.85 LafargeHolcim Ltd. ADR HCMLY $10.89 p $6.94 $11.66 Martin Marietta Materials, Inc. MLM $226.25 p $129.32 $243.98 MDU Resources Group, Inc. MDU $26.42 q $16.09 $29.92 Summit Materials SUM $24.14 p $14.97 $26.46 United States Lime & Minerals, Inc. USLM $74.29 p $48.41 $78.15 U.S. Concrete USCR $63.25 p $42.82 $70.40 Vulcan Materials Co. VMC $120.29 q $89.50 $138.18 STOCK REPORT COMPANY SPOTLIGHT Sources: Wall Street Journal Market Watch. Currency conversion calculated on date of close 2/08/17. M DU Resources Group, Inc., (MDU), parent company of Knife River, reported 2016 earnings from continuing opera- tions of $232.4 million, or $1.19 per share, com- pared to 2015 earnings from continuing opera- tions of $175.7 million, or $0.90 per share. Construction materials and services performed particularly well, with earnings of $136.6 million, a 21-percent increase over the prior year. The exploration and production business and the refi ning business didn't fare as well, and MDU exited those markets and shed its interest in a natural gas processing plant. "Our continuing operations increased earnings per share by 32 percent in 2016, led by record results at our construction materials business," said David L. Goodin, president and CEO, in the company's guidance. "As we move into 2017, we expect to build on our mo- mentum through organic growth opportunities, and we are open to strategic acquisitions as they are identifi ed by our construction materials and services and regulated energy delivery businesses." Previously, MDU Resources announced a fi ve-year, $1.9 billion capital plan with an additional $300 million available in 2017 and 2018 for 'high-value projects.' The construction materials business, excluding construction services, reported record earnings of $102.7 million for 2016, up 15 percent from record earnings of $89.1 million in 2015. It saw higher margins and demand in all regions except the North Central, where activity was down in North Dakota. Asphalt and aggregate volumes and margins increased as well. The construction materials business ended 2016 with a record year-end backlog of $538 million, which is 10 percent higher than the previous year-end backlog of $491 million set in 2015. "We are building a strong America and have solid momentum going into 2017," Goodin said, noting that the construction materials business anticipates more projects being bid from the FAST Act. Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). U.S. On-Highway Diesel Fuel Prices 2/6/17 Data mining Source: Market Watch MDU Resources Group Inc.