Sources: CP staff; Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.
For a second consecutive year, the industry’s top aggregates producers closed 12 months with near-equal financials, albeit from differing levels of sand & gravel, crushed stone, ready mixed concrete, cement and asphalt.
Martin Marietta and Vulcan Materials each reported $1 billion in gross profits on respective 2017 revenues of $3.97 billion and $3.89 billion. Martin Marietta closed the year with these volumes: aggregates, 157.7 million tons; ready mixed concrete, 8.56 million yd.; cement, 3.47 million tons; and, asphalt, 3.3 million tons. Vulcan reported aggregates, ready mixed and asphalt shipments of 183.2 million tons, 3.57 million yd., and 10.4 million tons. Sales from major acquisitions announced last year stand to propel both producers to new heights in 2018.
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