First-quarter aggregate sales dip at LafargeHolcim

North American aggregate sales were down 9.9 percent in the first quarter at LafargeHolcim, while the company’s global aggregate sales were down 1.1 percent.

First-quarter ready-mixed concrete sales (up 2.7 percent) and cement sales (up 5.5 percent), however, increased compared to the first quarter of 2020.

Additionally, LafargeHolcim reports that global net sales were up 7.4 percent in the quarter on a like-for-like basis. Recurring earnings before interest and tax were up a record 130.7 percent.

“The pandemic has emphasized for all of us the need to build back a better normal,” says Jan Jenisch, CEO at LafargeHolcim. “We are fully committed to playing our part.

“For instance, in the U.S., we are ready to contribute to President Biden’s American Jobs Plan, offering a once-in-a-generation opportunity to rebuild infrastructure, such as roads and bridges, in a more sustainable way, while making buildings more energy efficient,” he adds.

Quarterly details

In the first quarter, global cement volumes grew by 5.6 percent and ready-mixed concrete volumes grew 2.2 percent – both on a like-for-like basis. Aggregate volumes decreased 4 percent on a like-for-like basis.

Still, LafargeHolcim says market demand in the U.S. was strong as well as in Western Canada, which was previously affected by a slowdown in the oil and gas sector.

“I’m extremely proud of how our teams are keeping our people and operations safe, while going above and beyond to stand by our communities,” Jenisch says. “Our No. 1 priority remains the health and safety of all.”

Firestone acquisition closes

Also in the first quarter, LafargeHolcim closed on its transaction to buy Firestone Building Products. According to LafargeHolcim, the acquisition represents a milestone in the transformation of the company becoming the global leader in innovative and sustainable building solutions.

All 1,900 Firestone Building Products employees joined LafargeHolcim. Firestone Building Products will be part of LafargeHolcim’s newly established Global Business Unit Solutions & Products that falls under the direction of Jamie Gentoso.

Featured photo: P&Q Staff