Rock Products

JUL 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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8 • ROCK products • July 2018 IN THE KNOW Keep unloading simple with Masaba's Low Profile Truck Unloader. Masaba's Truck Unloader features self-cleaning, heavy-duty steel grade drive-over hydraulic folding ramps, designed for ease of maintenance and fast setup, saving you money in fuel and labor. Pair our Truck Unloader with our rugged Magnum Telescoping Conveyor for customizable automaঞon to maximize your output and performance. Masaba has YOUR soluঞon for your diverse applicaঞon needs. Masaba, Inc. | 1617 317th Street | Vermillion, SD | 877-627-2220 The estimated U.S. output of construc- tion sand and gravel produced and shipped for consumption in the first quarter of 2018 was 165 Mt, an increase of 7 percent compared with that of the same period of 2017. The estimated annual output produced for consumption in 2017 was 905 Mt, a slight increase compared with the annual output for 2016. The estimated production-for-consump- tion of construction sand and gravel in the first quarter of 2018 decreased from that of first quarter 2017 in four of the nine geographic divisions. Production-for-consumption increased in 22 of the 44 states for which estimates were made. The five leading states were, in descending order of production-for-con- sumption, Texas, California, Arizona, Washington and Florida. The above estimates are based on information reported to the USGS on its quarterly sample survey by construc- tion aggregates producers. Granite Construction reported that revenue increased to $563.4 million, up 20.3 percent year-over-year for the quarter ended March 31, 2018. Construction Materials revenue increased 32.5 percent to $45.7 million, compared with $34.5 million last year. However, the company reported a net loss of $11.4 million, compared to a net loss of $23.8 million in the first quarter. First quarter 2018 results include the impact of acquisition expenses related to Granite's announced and pending acquisition of Layne Christensen Co. and from its recently completed pur- chase of LiquiForce. "We were pleased to deliver solid results with a record-revenue first quarter, carrying through some of the momen- tum we created in 2017," said James H. Roberts, president and chief exec- utive officer of Granite Construction. Granite Construction Materials Revenue Spikes in First Quarter

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