Rock Products

NOV 2018

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www.rockproducts.com ROCK products • November 2018 • 33 Citations 1. Vulcan Announces Second Quarter 2018 Results, https://ir.vulcanmaterials.com/investor-relations/news-releases/ news-details/2018/Vulcan-Announces-Second-Quarter-2018-Results/default.aspx, accessed Aug. 13, 2018. 2. MDU Resources Reports Second Quarter Earnings, Reaffirms 2018 Guidance, https://www.mdu.com/news/2018/07/31/ mdu-resources-reports-second-quarter-earnings-reaffirms-2018-guidance, accessed Aug. 13, 2018. 3. US Silica, "U.S. Silica Completes Acquisition of EP Minerals," https://ussilica.gcs-web.com/news-releases/news-release-de- tails/us-silica-completes-acquisition-ep-minerals, accessed Aug. 10, 2018. 4. US Geological Survey, https://www.usgs.gov/, accessed Sept. 27, 2018 Capstone Headwaters is an elite investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. Capstone Headwaters provides merger & 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, United Kingdom and Brazil with a global reach that includes more than 300 professionals in 34 countries. For more information, visit www.capstoneheadwaters. com. To discuss any information contained in this report, contact the Capstone Headwaters team: Darin Good, managing direc- tor, dgood@capstoneheadwaters.com, 303-549-5674; Brian Krehbiel, senior vice president, bkrehbiel@capstoneheadwaters. com, 970-215-9572. Source: U.S. Geological Survey Sand & Gravel 4 •  Sand & gravel production in Q2 2018 increased 6.4 percent compared to Q2 2017, the fourth consecutive quarterly increase when compared to the same period the prior year. •  Pricing data specific to sand & gravel production is not available on a quarterly basis. Asphalt • Asphalt prices increased 3.4 percent in Q2 2018 as measured by the average net asphalt selling prices of Vulcan Materials and Martin Marietta. Asphalt prices increased 4.2 percent when com- pared to Q2 2017. • Asphalt volume is not tracked on a quarterly basis. Sources: EAPA Asphalt in Figures, NAPA, Vulcan Materials & Martin Marietta Materials average of net asphalt selling prices

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