Rock Products

SEP 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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16 • ROCK products • September 2018 IN THE KNOW WY15 Conveyor Belt Scale WY10 Conveyor Belt Scale HY15 Conveyor Belt Scale WF10 Weigh Belt Feeder Control Gates Data Collection Custom Weighing & Metering Solutions For the most demanding applications E n g i n e e r e d f o r Ac c u r a c y B u i l t t o E n d u r e Trusted to Last 800.536.4880 Aggregates shipments to the nonres- idential market increased 6 percent, driven by both commercial and heavy industrial construction activity. Addi- tionally, ongoing energy-sector project approvals, supported by higher oil prices, underpin management's expec- tation that the next wave of these large projects, particularly along the Gulf Coast, will contribute to increased aggregates demand for the next several years. The nonresidential market rep- resented 33 percent of second-quarter aggregates shipments. Aggregates shipments to the residen- tial market increased 11 percent. Six of Martin Marietta's key states – Texas, Florida, North Carolina, Colorado, Georgia and South Carolina – rank in the top 10 nationally for growth in sin- gle-family housing unit starts for the trailing 12 months ended May 2018. The residential construction outlook across the company's geographic footprint remains positive for both single- and multi-family housing, driven by favorable demographics, job growth, land availability and efficient permit- ting. The residential market accounted for 22 percent of second-quarter aggre- gates shipments. Summit Materials Inc. announced results for the second quarter 2018. For the three months ended June 30, t h e c o m p a ny reported basic e a r n i n g s p e r share of $0.32 on net income attrib- utable to Summit Inc. of $35.5 million, compared to basic earnings per share of $0.46 on net income attributable to Summit Inc. of $50.0 million in the pri- or-year period. "While net revenue increased 14.8 per- cent on a year-over-basis in the second quarter 2018, supported by organic volume growth in our aggregates and products lines of business, Adjusted EBITDA was flat on a year-over-year basis, given lower contributions from our cement segment and Houston operations, together with inflation in our variable costs," stated Tom Hill, CEO of Summit Materials. "With a finite number of days remaining in the con- struction season, we have reduced the midpoint of our 2018 Adjusted EBITDA guidance by 7 percent. "Organic sales volumes in our cement segment were impacted by a combina- tion of high precipitation levels during Summit Materials Aggregates Revenues Rise in Second Quarter Tom Hill

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