PRODUCERS – MARCH 2020

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Eagle Materials Inc. directors have taken a key step toward mid-year separation of cement- and gypsum wallboard-centered Heavy and Light Materials businesses into independent, New York Stock Exchange-traded companies, both Dallas based. Leading the Heavy Materials namesake will be current Chairman Mike Nicolais and President and Chief Executive Officer Michael Haack. Leading the Light Materials business, operating as American Gypsum Company, will be Chairman Dave Powers, former Eagle Materials CEO and current director, and President and CEO Craig Kesler, current chief financial officer.

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MANUFACTURERS – MAY 2019

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Charah Solutions, Inc., Kentucky-based fly ash processor and marketer, received two safety North Carolina Department of Labor awards last month for an outstanding record of employee safety in 2018—the eighth consecutive year the company garnered such recognition from the agency. The awards reflect Charah Solutions’ safety record at a structural fill project, Brickhaven Mine in Chatham County, and material management at Duke Energy’s Cliffside Steam Station in Shelby. Both sites received a Gold-level Certificate of Safety Achievement, the state’s highest safety award. The Gold Award is based on a days away, restricted or transferred (DART) rate that is at least 50 percent below the statewide benchmark for the industry. North Carolina Commissioner of Labor Cherie Berry presented the awards.

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PRODUCERS – MAY 2019

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With 30-plus ready mixed plants in Mississippi, Alabama, Louisiana and Tennessee, Jackson, Miss.-based Delta Industries has outlined a transition plan for retiring President and Chief Executive Officer Dave Robison, naming as his successor Executive Vice President and Chief Operating Officer J. Thomas Evans, Jr. Robison has been with Delta for 47 years, 25 at the helm, and chaired the National Ready Mixed Concrete Association in 2012. Evans has held his present roles for 25 years as well; his responsibilities are being split with the appointment of Lance Bonner as executive vice president and chief financial officer, and Lester Howell as senior vice president and chief operating officer.

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PRODUCERS – NOVEMBER 2015

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Ronnie Pruitt has joined U.S. Concrete Inc. as senior vice president and chief operating officer, a new position charged with direct oversight of ready mixed, aggregate and ancillary operations in New York and New Jersey, Texas and Oklahoma, and California. His 20-plus years’ industry experience was gained primarily at Dallas-based Texas Industries Inc., where he served as vice president of Cement Production and vice president of Sales & Marketing, Cement and Aggregates Divisions. Following the mid-2014 TXI–Martin Marietta Materials merger, Pruitt was named vice president of Cement Sales.

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TXI Assets CalPortland-Bound

A $420 million asset deal with Martin Marietta Materials Inc., anchored by the former TXI Oro Grande plant and scheduled for third quarter closing, will enable Glendora, Calif.-based CalPortland Co. to replace capacity from its idled Colton mill—about 35 miles south—and strengthen a home state, integrated cement and concrete platform. Coupled with Stockton and San Diego terminals, the plant will contribute to what CalPortland parent Taiheiyo Cement Corp. reports is “a steady improvement in sales volume and profit in [the] Group’s U.S. operations.”

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Historic weather impacts can’t stop Martin Marietta, Vulcan financial trajectories

Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.; CP

With stakes in some of the strongest cement, concrete and aggregate markets, two of the industry’s top bellwether operators kicked off August with parallel messages to investors: Even with the negative effect of heavy spring rains on shipments, especially in Texas, first half sales and profits climbed when compared to the first six months of 2014. Upbeat second quarter 2015 earnings reports, plus solid sales, pricing and profit projections, sent Martin Marietta Materials stock toward an all-time high, $170/share, and Vulcan Materials stock to an eight-year high, hovering $96/share.

 
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TXI, heritage business performance deepen Wall Street confidence in Martin Marietta

Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff

Year-over-year sales and profit gains, bolstered by core aggregate operations’ higher shipments and pricing conditions, plus better than anticipated Texas Industries merger results, have Martin Marietta enjoying investor confidence approximating pre-recession levels.

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