Cement News tagged under: Martin Marietta
CRH reaches agreement on Martin Marietta acquisition22 November 2023, Published under Cement NewsCRH has reached an agreement to acquire a portfolio of cement and ready-mixed concrete (RMC) assets in Texas, USA, from Martin Marietta Materials for a total consideration of US$2.1bn. According to CRH, the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately US$170m. The assets include the 2.1Mta Hunter cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas, and a portfolio of 20 RMC pla... |
Martin Marietta posts improved 3Q results06 November 2023, Published under Cement NewsMartin Marietta Materials Inc posted total revenues of US$1994.1m in the 3Q23, up 10.1 per cent YoY from US$1811.7m. Gross profit improved 38.6 per cent YoY to US$676m in the 3Q23 from US$487.8m. Net earnings from continuing operations saw a 47.8 per cent YoY increase to US$430.3m from US$291.2m in the year-ago period while adjusted EBITDA improved 32.2 per cent YoY to US$705.2m from US$533.1m. Martin Marietta’s Building Materials business generated record revenues of US$1.9bn, up 10.5 p... |
Eagle Materials completes Martin Marietta cement acquisition05 May 2023, Published under Cement NewsEagle Materials has completed its acquisition of Martin Marietta ’s cement import and distribution business in northern California, which includes its cement terminal in Stockton. According to Eagle, the acquisition is consistent with the company’s strategic intentions to extend and strengthen its distribution reach across its heartland US cement manufacturing system. Commenting on the acquisition, Michael Haack, president and CEO of Eagle Materials, said, “Our Nevada Cement operation... |
CalPortland acquires Redding cement plant05 July 2022, Published under Cement NewsCalPortland has purchased the Redding cement plant and other assets from Martin Marietta Materials Inc. In addition to the Redding cement plant in northern California, the assets include related cement distribution terminals and 14 ready-mixed concrete plants located in California. “We are pleased to welcome the new employees and related facilities to the CalPortland family,” said Allen Hamblen, president/CEO, CalPortland Co. “These assets will serve an important role in continuing CalPor... |
Martin Marietta sees record revenue in 1Q2204 May 2022, Published under Cement NewsMartin Marietta’s building materials business has reported record 1Q22 products and services revenues of US$1077m, up 25.7 per cent YoY. According to the company, across all end-use markets, the business saw healthy underlying demand with price increases in all product lines. Texas cement shipments advanced by 10 per cent YoY during the quarter, supported by robust product demand and tight supply throughout the Texas Triangle. Pricing increased by 11.8 per cent, benefiting from the carr... |
Martin Marietta thrives going west05 November 2021, Published under Cement NewsThis week, Martin Marietta, USA, released its third-quarter 2021 results with its Building Material business segment achieving a record US$1.39bn of revenues for the period. ICR looks at what is helping the company break records and how it is evolving its business model to favour future growth opportunities. Martin Marietta is set up as an aggregates-led building materials company. It is the market leader or in second place in 90 per cent of US aggregate markets, having bolstered its operat... |
Martin Marietta sets record revenues in 3Q2103 November 2021, Published under Cement NewsMartin Marietta Materials Inc reported results for the third quarter ended 30 September 2021, achieving record consolidated products and services revenues of US$1.463bn, versus US$1.241bn in 2020. The building materials business produced record products and services revenues of US$1,390.8m, a 17.3 per cent increase, and record product gross profit of US$413.1m, a 7.9 per cent rise. Cement shipments increased 4.1 per cent, benefitting from robust construction activity throughout... |
What's behind Lehigh Hanson's divestment of its west region assets?28 May 2021, Published under Cement NewsHeidelbergCement Group made a significant announcement this week about the sale of several business activities in the US west region, under Lehigh Hanson's control, to US-based Martin Marietta Materials Inc. The transaction includes the sale of two cement plants, distribution terminals and activities in 17 aggregate sites and asphalt in the states of California, Arizona, Oregon and Nevada. Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement, said: "The sale of our US... |
Martin Marietta reports 1H cement gross profit up 26%29 July 2020, Published under Cement NewsUS-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ... |
LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business11 February 2019, Published under Cement NewsLafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence will be valued contributions to LafargeHolcim in the US," said René Thibault, group executive committe... |