Rock Products

NOV 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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30 • ROCK products • November 2018 www.rockproducts.com Vulcan's aggregates business experienced an increase of $139 million in sales due to the 15 percent increase in shipments versus the prior year quarter. MDU Resources' construction materials business had earnings of $24.3 million in the second quarter, compared to $21.3 million for the same period in 2017. The increase in earnings was a result of the federal tax reform. The company also expanded their construction materials business by acquiring Teevin & Fischer Quarry LLC and Tri-City Paving Inc. during the second quarter. Both acquisitions are expected to be accretive to 2018 earnings. MDU Resources Group is using acquisitions to gain market share and remain competitive in the consolidating aggregates industry. "We are pleased with our ongoing growth and solid operational execution," said David L. Goodin, president and CEO of MDU Resources. "Our construction services business is experiencing an exceptional year, with to-date earnings nearly fifty percent higher than last year. We had a record combined backlog of $1.62 billion of work at our construction services and construc- tion materials businesses at the end of the second quarter. We also recently announced our third construction materials acquisition of the year, and we continue to evaluate additional acquisition opportunities at both construction businesses." 2 Construction Materials Update Construction input prices increased 0.8 percent in June and are up 9.6 percent on a year-over-year basis, according to an Associated Builders and Contractors (ABC) analysis of data recently released by the U.S. Bureau of Labor Statistics. Aggregates Materials Industry results in Q2 2018 showed increases in volume compared to the same period in 2017 for cement (4.3 percent), crushed stone (8.0 percent), and sand and gravel (6.4 percent). Additionally, ready-mix concrete and asphalt both experienced increases in prices when compared to the prior-year period. Industry Market Report "The Sizing People" ® Midwestern Industries, Inc. midwesternind.com sales@midwesternind.com Rectangular vibratory screening equipment Custom wire woven in-house and made to order for most makes and models Experience you can trust - Over 65 years of servicing the screening industry Quality products manufactured in the U.S.A. | TOLL FREE MEV® Replacement Screen Panels (877-474-9464) 877 - 4 - SIZING Your Source for Customized Weighing and Metering Equipment Data Collection Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized Your Source for Customized 800-536-4880 tecweigh.com Control Gates Weigh Belts Belt Scales Call for a Quote or Visit Our Website Today Engineered For Accuracy, Built To Endure Trusted To Last! Best Warranty In e Business & 24/7 Customer Service

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