![Says Martin Marietta’s Ward Nye: “Aggregate’s pricing fundamentals remain attractive … underscoring the advantages of our value-over-volume [strategy].” Photo: izusek/E+/Getty Images](https://stage.pitandquarry.com/wp-content/uploads/2024/05/PQ0624_GettyImages-1311414505R.jpg)
“We continue to see a lot of dirt turning across Middle Tennessee. I’m pretty optimistic about not only this year, but the long term for the markets we’re in today.”
– Rob Duke, Armada Materials
“Nonresidential construction continues to be led by attractive and growing data center demand and, more recently, warehouse construction appears to have reached a cyclical bottom. Importantly, while residential affordability headwinds are not expected to abate in the near term, Martin Marietta’s leading positions in key markets with notable population growth provide attractive opportunities to capitalize on structurally underbuilt markets with pent-up demand when single-family housing construction recovers.”
– Ward Nye, Martin Marietta
“As always, we are focused on the things we can control. Our continued execution of our strategic disciplines has and will continue to lead to attractive cash generation and value creation for our shareholders regardless of external headwinds.”
– Tom Hill, Vulcan Materials
“The year started well for us, and we delivered a good first quarter. Demand
in mining was strong, while the cutting tools and infrastructure businesses continued to be impacted by the uncertain macro environment.”
– Stefan Widing, Sandvik
“The big unknown – and this applies to Terex businesses – is the private spend. Is that going to come back? That’s all dependent on interest rates and consumer confidence. At the moment, we see the public spending projects keeping us going – and for a few more years to come. If the interest rates come down and confidence starts to pick up, then there’s upside for us.”
– Simon Meester, Terex Corp.
“Despite current market volatility, we anticipate continued resilience in volumes, supported by the essential nature of our customers’ services and Xylem’s strong alignment with opex-driven spending.
We are offsetting the current tariff impacts with strategic pricing and proactive supply chain management.”
– Matthew Pine, Xylem
“We are off to a great start in 2025. Bidding opportunities have consistently increased over the past several years. This trend has continued in 2025, as demonstrated by our record CAP (committed and awarded projects) of $5.7 billion at the end of the [first] quarter.”
– Kyle Larkin, Granite
“We came into the year cautiously optimistic we were approaching an organic growth inflection point, underpinned by several quarters of positive orders growth, and a view that most of our end markets were at or near trough levels of demand. This optimism carried into [the first quarter], with further positive orders momentum, and our sense from customers that many of our markets were poised to rebound. However, recent shifts in U.S. trade policy, in particular around tariffs, have heightened macro uncertainty, though evidence of a slowdown has been largely absent from current demand, and improving longer cycle project activity is providing better visibility for the second half and 2026.”
– Louis Pinkham, Regal Rexnord Corp.
“In the current economic environment, our business has been relatively insulated from any direct impact from tariffs. It is unclear at this time how economic uncertainties will affect downstream private work, as project owners evaluate interest rates and trade policy.”
– Brian Gray, Knife River Corp.
