Rock Products

AUG 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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58 • ROCK products • August 2019 Shipments for the Southeast Group heritage operations increased 16.7%, reflecting the overall strength of the North Georgia and Florida markets. Heritage pricing improved 6.2%. West Group shipments increased 6.3% as strong nonresidential construction activity in Texas more than offset weather-impacted Colorado shipments. Product and geographic mix limited West Group pricing growth to 2.7%. Inclusive of acquired operations, aggregates volume and pricing improved 24.2% and 2.3%, respectively. Acquired operations shipped 3.5 mil- lion tons at selling prices that are approximately 15% below the compa- ny's average. Aggregates Industry Almanac Publicly Traded Companies Martin Marietta's first-quarter heritage aggregates shipments by end use are as follows (all comparisons are versus the prior-year quarter): Aggregates shipments to the infrastruc- ture market increased 2% as modestly improved weather, particularly in the Southeast, allowed contractors to advance transportation-related proj- ects earlier in the construction season. Following more than a decade of under- investment, management remains confident that infrastructure demand is poised for meaningful growth. Fund- ing provided by the Fixing America's Surface Transportation Act (FAST Act), combined with numerous state and local transportation initiatives, has resulted in an acceleration in lettings and con- tract awards in key states, including Texas, Colorado, North Carolina, Georgia and Florida. For the quarter, the infra- structure market represented 33% of aggregates shipments, which is below the company's most recent 10-year average of 46% but consistent with first-quarter historical trends. Aggregates shipments to the nonresi- dential market increased 33%, driven by both commercial and heavy indus- trial construction activity. The company continued to benefit from robust distri- bution center, warehouse, data center and wind turbine projects in key geog- raphies, including Texas, the Carolinas, Georgia and Iowa. The nonresidential market represented 37% of first-quar- ter aggregates shipments. Aggregates shipments to the residen- tial market increased 8%, driven by weather-deferred homebuilding activ- ity in the Carolinas, Georgia and Florida. Despite the recent slowdown in hous- ing unit starts at the national level, the residential construction outlook across the company's geographic footprint remains positive for both single- and multi-family housing, driven by favor- able demographics, job growth, land availability, steady interest rates and efficient permitting. On a national level, housing starts remain below the 50-year annual average of 1.5 mil- lion despite notable population gains. CALL TODAY TO ORDER YOUR SCREENS 1.800.533.0509 ENDLESS OPTIONS, CUSTOMIZED. RHINO GRID TM RHINO WIRE TM OUTLASTS WIRE BY 6-10X. EXTREMELY RIGID STRUCTURE FOR HEAVY LOADS SUPERIOR SCREENING SURFACE FOR WET OR DRY APPLICATIONS * Based on standard load and operation OUTLASTS WIRE BY 4-7X. 30 -50% COMPOSITE MATERIALS TECHNOLOGY RESULTING INA SCREEN THAT IS MORE RUGGED THAN WIRE REDUCES TOTAL COST BY * Based on standard load and operation 1.800.533.0509 Rhino Hyde® is a division of Tandem Products, Inc. Fully customizable options to fit your deck Various custom size and style openings available Fully compatible with all hook screen decks regardless of crown bar size or location Tapered openings that resist plugging and pegging

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