Vulcan Boosted by Higher Highway Funding

Vulcan Materials Co of Birmingham, AL has reported 2019 total revenue of US$4.93 billion, up from US$4.38 billion in 2018. Aggregates sales increased from US$3.51 billion to US$3.99 billion and aggregate shipments increased from 201.4 million tons to 215.5 million tons. Vulcan notes that 2019 fourth quarter Aggregates shipments increased 4% compared with the prior...

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Martin Marietta has its Most Profitable Year

Martin Marietta Materials Inc (MMMI) of Raleigh, NC has reported fourth quarter 2019 consolidated revenues of US$1.1 billion compared with US$1.02 billion in the fourth quarter of 2018. For the full year, the company’s net sales were US$4.74 billion versus US$4.24 billion in 2018. MMMI’s Building Materials business, which includes the aggregates, cement, ready-mixed concrete,...

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MTI’s Cost Control Counters Weak Markets

Minerals Technologies Inc (MTI) of New York, NY has reported a fourth quarter 2019 net income of US$29.0 million on sales revenue of US$440.2 million versus US$43.1 million on sales revenue of US$447.5 million in the fourth quarter of 2018. The company notes double digit operating margins across all segments in the fourth quarter and...

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Magnifin Moves Ahead with Construction of Second Production Site

The board of directors of Magnifin Magnesiaprodukte has approved the preparatory work for the construction of a second production site following the completion of a feasibility study. The expansion is designed to meet the growing demand for high-purity, non-halogenated magnesium hydroxide fire retardants. The new plant will manufacture the same product line as is currently...

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USLM Welcomes Price Increase in Lime, Limestone Products

United States Lime & Minerals Inc (USLM) of Dallas, TX has reported a fourth quarter 2019 net income of US$5.0 million on revenues of US$38.0 million compared with US$4.2 million on revenues of US$34.6 million in the corresponding period of 2018. Fourth quarter revenues from the company’s lime and limestone operations increased 11% to US$37.7...

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