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

Issue link:

Contents of this Issue


Page 15 of 75

14 • ROCK products • June 2018 IN THE KNOW FAST FACT The improvement in net revenue was primarily attrib- utable to acquisition-related contributions. Summit Materials Inc. announced results for the first quarter 2018. Net revenue increased by 11.9 percent to $289.9 million in the first quarter 2018, versus $259.0 million in the prior-year period. The improvement in net revenue was primarily attributable to acquisition-re- lated contributions in the East and West segments, coupled with organic growth in the West Segment. Summit Materials Reports Revenue Increase; Weather-Related Losses For the three months ended March 31, 2018, the company reported a basic loss per share of $0.49 on a net loss attrib- utable to Summit Inc. of $53.7 million, compared to a basic loss per share of $0.49 on a net loss attributable to Summit Inc. of $52.4 million in the pri- or-year period. "While demand f u n d a m e n t a l s remain strong in our core markets, weather conditions were challenging during the first quarter, resulting in lower materi- als sales volumes in the period," stated Tom Hill, CEO of Summit Materials. "Importantly, given the inherent seasonality of our business, the first quarter has a very limited impact on our full-year outlook. Our businesses have strong momentum heading into the start of construction season. For the full- year 2018, we anticipate organic price and volume growth in both aggregates and cement. "Heavy materials selling prices are trending higher in our core regional markets," stated Hill. "Organic average selling prices on aggregates increased on a reported and mix-adjusted basis in the first quarter 2018, with both Houston and Salt Lake City achieving high-sin- gle digit organic growth in aggregates selling prices, when compared to the prior-year period. "We anticipate our average realized selling price on cement sold in the Mis- sissippi River corridor will grow in the low- to mid-single-digit percent range in 2018," continued Hill. "As supplies of Tom Hill Maximum Crushing & Screening Masaba's wheeled plants allow uঞlizaঞon of the largest crushing & screening units available, handling up to 800-1,000 Tons Per Hour (applicaঞon dependent). Maximum Portability Masaba's portable plants are fast to deploy and easy to tear down, providing relocaঞon with a minimal number of loads. The plant shown can be set up in as few as four hours with four laborers. Maximum Return on Investment With Maximum Series Portable Plants, our customers report savings of as much as $1.00 per ton compared to other crushing circuits. Maximum Configuraঞon Masaba will create a customized plant that fits your needs, as well as meeঞng your area's DOT requirements. | 877-627-2220

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - JUN 2018