Aggregates Manager Digital Magazine
Issue link: https://read.dmtmag.com/i/841719
One Week -0.007 q One Year +0.157 p One Week -0.007 q One Year +0.144 p One Week -0.006 q One Year +0.139 p One Week +0.003 p One Year +0.274 p One Week -0.007 q One Year +0.155 p One Week -0.011 q One Year +0.124 p One Week -0.004 q One Year +0.181 p One Week -0.009 q One Year +0.163 p One Week +0.002 p One Year +0.153 p One Week -0.007 q One Year +0.222 p One Week -0.015 q One Year +0.127 p United States $2.564 Midwest $2.468 Gulf Coast $2.384 Rocky Mountain $2.629 West Coast $2.828 West Coast less California $2.725 California $2.912 East Coast $2.599 New England $2.624 Central Atlantic $2.733 Lower Atlantic $2.479 Company Ticker Current Value 52-Week Low 52-Week High Cemex, S.A.B. de C.V. CX $8.98 p $5.28 $9.26 CRH plc CRG $36.16 p $21.68 $39.00 Eagle Materials Inc. EXP $95.25 q $71.24 $110.64 Granite Construction Inc. GVA $47.61 q $41.27 $62.18 Heidelberg Cement AG HEI $91.59 q $72.84 $105.80 LafargeHolcim Ltd. ADR HCMLY $11.62 p $7.40 $12.07 Martin Marietta Materials, Inc. MLM $232.11 q $167.06 $244.32 MDU Resources Group, Inc. MDU $26.19 p $22.47 $29.92 Summit Materials SUM $27.91 p $17.27 $28.71 United States Lime & Minerals, Inc. USLM $78.99 p $54.49 $81.99 U.S. Concrete USCR $69.70 q $42.82 $71.85 Vulcan Materials Co. VMC $128.34 p $105.71 $138.18 STOCK REPORT COMPANY SPOTLIGHT Source: Wall Street Journal Market Watch. Currency conversion calculated on date of close 6/08/17. C emex SAB (CX) reported a signifi cant increase in fi rst-quarter profi t, with much of the gain attributable to lower costs as it sells assets and reduces debt. The company has sold $2.4 billion in assets since early 2016 and has lowered its debt from $470 million to $12.6 million. A 1-percent increase in sales was achieved, with sales of $3.1 billion. For the quarter, its net profi t was $336 million, compared to $35 million in the fi rst quarter of 2016. The result is earnings of 14 cents per share versus 2 cents in the fi rst quarter of 2016. Global cement volumes in the fi rst quarter were fl at at 15.6 million metric tons. Aggregate volumes were 34.6 million metric tons, a 4-percent increase over 2016 volumes. Ready-mix volumes were 12.2 million cubic yards, a 4-percent increase as well. In the U.S., sales were down 2 percent to $834 million. Price increases helped offset sales decreases: domestic gray cement prices were up 3 percent, ready-mix prices were up 3 percent, and aggregates prices were up 5 percent. "In the United States, our domestic gray cement and ready-mix volumes decreased by 5 percent, while our aggregates volume decreased by 7 percent during the fi rst quarter of 2017 and compared to the same period last year," the company's quarterly report notes. "Our year-over-year volume performance refl ects a diffi cult base of comparison in the fi rst quarter 2016, which had the highest quarterly volume growth since 2013. Additionally, the fi rst quarter 2017 volumes were impacted by signifi cant precipitation in our western states." Cemex noted that the residential housing sector had increased by 8 percent in the quarter, which was matched by an 8-percent increase in the industrial and commercial sector. The infrastructure sector, on the other hand, declined 9 percent, with its weakness attributable to the benign winter weather, which pushed earlier starts on projects, as well as reduced state and local expenditures. Source: U.S. Energy Information Ad- ministration (dollars per gallon, prices include all taxes). U.S. On-Highway Diesel Fuel Prices 6/5/17 Data mining Source: Market Watch Cemex SAB (CX)