Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials, Birmingham, Ala.; CP staff
Consistent with recent years’ near-equal financials, sand & gravel and crushed stone top guns Vulcan Materials and Martin Marietta Materials report respective 2019 sales of $4.9 billion and $4.74 billion, and adjusted earnings before interest, taxes, depreciation and amortization of $1.27 billion and $1.25 billion.
Sources: Summit Materials Inc., Denver; CP staff
In a review of first quarter financials reflecting weather-hampered aggregates, cement and concrete shipments, Summit Materials notes the recent closing of two bolt-on transactions consummated in April: Day Concrete of Ardmore, Okla., and Superior Ready-Mix of Somerset, Ky. The producers are strategic to platform businesses, RK Hall Construction and Hinkle Contracting, serving the respective market areas of north Texas, Oklahoma and Arkansas, plus Kentucky.