Martin Marietta Supported by Customer Backlogs

Martin Marietta Materials Inc of Raleigh, NC reports that its Aggregates business generated second quarter gross profit from operations of US$268.0 million on revenues of US$754.9 million, up from US$251.5 million on revenues of US$757.8 million in the same period of 2019. The business’ volume sales decreased from 53.2 million tons to 51.2 million tons...

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USLM Acquires Carthage Crushed Limestone

United States Lime & Minerals Inc (USLM) of Dallas, TX has reported a second quarter net income of US$6.1 million on revenues of US$37.6 million compared with US$6.0 million on revenues of US$39.0 million in the corresponding period of 2019. Revenues from the company’s lime and limestone operations were mainly responsible for the decrease in...

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Covia Restructures Under Chapter 11 Protection

Covia Corp of Independence, OH, has entered into a restructuring support agreement (RSA) with holders of a majority of its secured debt for a comprehensive financial restructuring of its debt. To implement the terms of the RSA, the company and certain of its U.S. subsidiaries have voluntarily filed petitions for reorganization under Chapter 11 of...

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Lhoist Pushes Ahead with Kiln Additions in Texas

Lhoist North America (LNA) of Fort Worth, TX has announced the receipt of an additional permit approval from the Texas Commission on Environmental Quality for construction of a new energy efficient natural gas-fired vertical lime kiln at its New Braunfels, TX facility. The approval paves the way for the company to begin construction at the...

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Martin Marietta Ready to Weather Uncertainty

Martin Marietta Materials Inc of Raleigh, NC reports that its Building Materials business, including aggregates, cement, ready-mix concrete, and paving product lines, generated net sales of US$831.1 million in the first quarter of 2020 compared with US$809.1 million in the same period of 2019. First quarter aggregates shipments and pricing improved 2.3% and 2.7%, respectively,...

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