Rock Products

MAR 2019

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 • March 2019 www.rockproducts.com IN THE KNOW and women returning to the workforce as ideal candidates for their sales positions. Ivy-league educated graduates of prestigious universities don't quite fit the bill. "There is talent out there that is just as good, they just get overlooked," he said. "Tom Brady is a late bloomer. He was the 199th player taken in that draft." Bill Wetta, senior vice president of product development and chief technology officer at DSC Dredge, was chosen to receive the Barry K. Wendt Memorial Commitment Award at this year's convention. "I never had the opportunity to meet Barry, but I have had the honor of working with past recipients of this award and I understand what it means to be on this list," said Wetta. "This is the only job and the only industry I've ever worked in." Rock Products sponsored the associations' Young Leaders Luncheon. The guest speaker was former Navy SEAL Mike Sarraille of Echelon Front, who spoke on what he learned about leadership during his time in the military. Vulcan Materials Co. announced results for the fourth quar- ter and year ended Dec. 31, 2018. Net earnings were $124 million and Adjusted EBITDA was $286 million in the fourth quarter. For the full year, net earnings were $516 million and Adjusted EBITDA was $1.132 billion (an increase of 15 per- cent) despite significantly higher energy costs. Fourth quarter segment gross profit increased 24 percent to $256 million, or $5.16 per ton. As a percentage of segment sales, gross profit margin expanded from 26.8 percent in the FAST FACT For the full year, net earnings were $516 million and Adjusted EBITDA was $1.132 billion (an increase of 15 percent). Vulcan Aggregates Shipments up 10 Percent in 2018 prior year to 29.3 percent due to solid growth in shipments, compounding price improvements and cost control. For the full year, segment gross profit increased 16 percent to $992 million, or $4.93 per ton. Full-year, same-store incremental gross profit was 64 percent of incremental segment sales excluding freight and delivery, in-line with longer-term expectations of 60 percent. As a reminder, quarterly gross profit flow-through rates can vary widely from quarter to quarter; therefore, the company eval- uates this metric on a trailing 12-month basis. Fourth quarter aggregates shipments increased 8 percent (4 percent on a same-store basis) versus the prior-year quarter. Daily shipping rates in October and November were slowed by Hurricane Michael and wet weather in Texas and a number of Southeastern markets. Strong shipment growth continued in Alabama, Arizona, Florida and Illinois. Shipment growth in Texas and Virginia rebounded after weather-related interruptions in September and October. Full-year aggregates shipments increased 10 percent (6 per- cent on a same-store basis) led by double-digit growth in Alabama, Arizona, Florida, Illinois, Tennessee and Texas. Most other key markets realized flat-to-modest growth in full-year shipments as compared to the prior year. In Virginia, volumes declined 9 percent due mostly to wet weather experienced throughout the first half of the year. 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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