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Page 88 of 123 ROCK products • August 2018 • 87 Aggregates Industry Almanac Agg Industry Market Report Sand & Gravel 4 •  Sand & gravel production in Q1 2018 increased 6.5 percent compared to Q1 2017, the third consecutive quarterly increase when compared to the prior year period. • Pricing data specific to sand & gravel production is not available on a quarterly basis. Asphalt • Asphalt prices decreased 1.2 percent in Q1 2018 as measured by the average net asphalt selling prices of Vulcan Materials and Martin Marietta. Asphalt prices increased 7.7 percent when compared to Q1 2017. • Asphalt volume is not tracked on a quarterly basis. Citations 1. Colas, "Colas signs an agreement to acquire the Miller and McAsphalt group, a major road construction player in Ontario and a leader in bitumen distribution in Canada," jor-road-construction-player-ontario-and-leader-bitumen-distribution-Canada, accessed June 14, 2018. 2. Martin Marietta reports first quarter 2018 results, ports-first-quarter-2018-results, accessed June 12, 2018. 3. Summit Materials, Inc. reports first quarter 2018 results,, accessed June 12, 2018. 4. US Geological Survey,, accessed June 12, 2018. Capstone Headwaters is an investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and cred- itors. Capstone Headwaters provides merger and acquisition, private placement, corporate restructuring and financial advisory services across 16 industry verticals to meet the lifecycle needs of emerging enterprises. Headquartered in Boston and Denver Capstone Headwaters has 20 offices in the United States, UK and Brazil with a global reach that includes more than 300 professionals in 34 countries. For more information, visit To discuss any information contained in this report, contact the Capstone Headwaters team: Darin Good, managing director, dgood@capstoneheadwa-, 303-549-5674; Brian Krehbiel, senior vice president,, 970-215-9572. Source: U.S. Geological Survey Sources: EAPA Asphalt in Figures, NAPA, Vulcan Materials & MarƟn MarieƩa Materials average of net asphalt selling prices

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