Kevin Yanik
Martin Marietta’s quarterly revenues, earnings rise
Martin Marietta Materials Inc. reported double-digit increases in revenues and earnings for the third quarter. Ward Nye, Martin Marietta president and CEO, says the ongoing recovery in private-sector construction, drove the company's third-quarter growth. "I am especially proud of the… Keep Reading
Nonresidential building growth takes a sudden dip
The Dodge Momentum Index, a monthly measure of the first report for nonresidential building projects in planning, slipped 0.9 percent in October compared with the previous month, according to McGraw Hill Construction. October’s decline brought the momentum index to 115.3… Keep Reading
Ongoing recovery drives Vulcan’s third-quarter growth
Vulcan Materials Co.'s third-quarter net sales increased 13 percent versus the prior year's third quarter, the company announced upon releasing its results for the third quarter. In addition, the company's gross profit increased 25 percent from the prior year as… Keep Reading
Summit Materials names financial, legal officers
Summit Materials appointed Brian Harris as CFO and Anne Benedict as chief legal officer. John Murphy, who stepped down as interim CFO, will continue to serve the company as a director and chairman of the audit committee of the board… Keep Reading
Near double-digit growth forecast for construction
McGraw-Hill Construction predicts total U.S. construction starts for 2014 to rise 9 percent to $555.3 billion. McGraw-Hill Construction made the prediction as part of its 2014 Dodge Construction Outlook. The organization forecasted a 5 percent increase to $508 billion for… Keep Reading
September construction climbs 13 percent
New construction starts in September advanced 13 percent to a seasonally adjusted annual rate of $556 billion, according to McGraw-Hill Construction, a division of McGraw Hill Financial. Nonresidential building bounced back after losing momentum in August, and the nonbuilding construction… Keep Reading
A few minutes with Metso
Metso hosted dealers and customers at its 2013 Quarry Solutions & Industry Knowledge Expo, a training and demonstration event in Columbia, S.C. This was the second straight year Metso hosted the event. Pit & Quarry sat down during the expo… Keep Reading
Index reflects promise for nonresidential building
The Dodge Momentum Index measuring the first report for nonresidential building projects in planning advanced 2.9 percent in September to 118.3, according to McGraw-Hill Construction. After a brief pause in June, the momentum index resumed its upward trend in the… Keep Reading
W.L. Ross expands its reach through acquisitions
Permian Basin Materials LLC, an affiliate of W.L. Ross & Co. LLC, completed the acquisitions of Crockett County Mining Ltd., Highland Concrete Co. and Wallach Concrete Inc. W.L. Ross funds will own 80 percent of Permian Basin Materials, and existing… Keep Reading
