The industry’s publicly traded producers published their second-quarter 2025 earnings reports as P&Q went to press this month. Highlights from several of these are presented below.
Vulcan Materials
Vulcan Materials Co. reported a series of financial gains in the second quarter despite a small dip in aggregate shipments.
Gross profit in Vulcan’s aggregate segment was up 5.8 percent to $559.5 million, and gross profit margin grew by 110 basis points to 33.9 percent. Aggregate cash gross profit per ton increased nearly 8.8 percent in the second quarter to $11.88 per ton. This was due, in part, to continued pricing discipline and operational execution, according to Vulcan.
Martin Marietta
Aggregate shipments dropped slightly in the second quarter at Martin Marietta, but the company made a series of key financial gains in the period.
Average selling price per ton of aggregates was up 7 percent in the quarter. In aggregates, Martin Marietta made gains in revenues (up 6 percent), gross profit (up 9 percent) and gross profit per ton (up 10 percent).
CRH
Positive pricing momentum and contributions from acquisitions contributed to gains in the CRH Americas Materials Solutions business in the second quarter.
According to CRH, revenues were up 2 percent in its Americas Materials Solutions business. The company cited inclement weather as a contributor to its second-quarter performance.
Amrize
Amrize completed its first financial period since spinning off from Holcim, with revenues in its building materials sector down 1.1 percent in the second quarter. Adjusted EBITDA, meanwhile, slipped 1.6 percent.
Within the sector, aggregate volumes dropped 2.9 percent, although average sales price per ton of aggregates jumped 6.7 percent. Amrize says strong infrastructure spending contributed to the pricing increase.
Heidelberg Materials
Heidelberg Materials reported its revenue in the North American market was up about 3.6 percent in the second quarter.
The company’s RCOBD (result from current operations before depreciation and amortization) was up 6.6 percent in North America. RCOBD margin increased 185 basis points to 12.6 percent.
Cemex
Sales and operating EBITDA at Cemex’s U.S. operations each dipped 6 percent in the second quarter. Globally, Cemex’s second-quarter sales declined 5 percent while EBITDA shifted downward 11 percent.
The company’s first-half global sales were down 6 percent while EBITDA dropped 14 percent from January to June.
Knife River
Revenue was up 3 percent in the second quarter at Knife River Corp., which reported decreases in net income (down 35 percent) and adjusted EBITDA (down 9 percent).
Knife River says above-average precipitation in the quarter impacted its ability to get into the field while delaying projects in much of its footprint – particularly in the Central, Mountain and Energy Services segments.
Arcosa
According to Arcosa, revenues in its construction products business climbed 28 percent in the second quarter to a record $354.5 million. The contribution from the construction materials business of Stavola Holding Corp., which Arcosa acquired last October, added $90.3 million to revenues during the quarter.
In aggregates, Arcosa’s total volumes increased 6 percent in the second quarter. Aggregate freight-adjusted average sales price increased 8 percent and resulted in aggregate adjusted cash gross profit per ton growth of 15 percent.
Related: Aggregate pricing up, volumes largely down in seasonally slower first quarter
