Rock Products

JUN 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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Page 14 of 75 ROCK products • June 2018 • 13 IN THE KNOW and is consistent with our long-term strategic growth plan. We worked col- laboratively with the U.S. Department of Justice (DOJ) as it completed its review of the transaction and, as expected, the two quarries required to be divested do not impact the overall value or strategic rationale for the transaction. I want to thank our collective employees for their contributions to successfully complet- ing this acquisition. Working together, we will expeditiously deliver signifi- cant value from our enhanced business profile. As we integrate the Bluegrass operations and realize synergies, we remain committed to world-class safety standards, diligent cost discipline, oper- ational excellence, customer service and prudent capital allocation." Nye concluded, "We believe the United States is in the midst of a steady, multi- year construction recovery. Our leading positions in attractive, high-growth markets allow us to benefit from antici- pated increased demand for both public and private construction activity in 2018 and beyond. Long term, we remain focused on elevating Martin Marietta from an aggregates industry leader to a globally recognized world-class orga- nization, allowing us to further enhance shareholder value." First-quarter aggregates shipments returned to levels more in-line with historical trends and patterns. Winter weather traditionally limits the abil- ity of outdoor contractors to perform work. Accordingly, first-quarter operat- ing results compare unfavorably to the first quarters of 2017 and 2016, when the company benefitted from back-to- back unseasonably favorable weather conditions. For the quarter, aggregates product revenues decreased 5.8 per- cent, reflecting a 7.9 percent decline in shipments. Aggregates pricing improved 2.3 percent. The Mid-America Group generated aggregates pricing growth of 4.9 percent, driven by continued price discipline and favorable product mix. Pricing improved 2.2 percent for the Southeast Group as winter weather and poor railroad performance con- strained long-haul shipments to distribution yards in Florida and Geor- gia. Product mix, reduced commercial rail-shipped volumes and various competitive dynamics in portions of Texas offset robust pricing growth in Colorado, resulting in a modest price increase for the West Group. Tradi- tional cold and wet conditions, coupled with railroad inefficiencies, also con- tributed to the 12.4 percent shipment decline for the Southeast Group and the 4.7 percent decline for the West Group. Mid-America Group shipments decreased 9.9 percent. 715-472-2111 ∙ ∙ Livewire ® Screen Media Hybrid screens available in four different openings to maximize output. Molded rubber strips that hold high strength wires in place providing better screening action and more open area. Designed to boost productivity by reducing costly blinding and pegging problems while also delivering superior wear life. A Brand You've Known Since 1965... The Brand You Can Trust Invest in our quality Profit from our solutions TM

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