Vulcan, Martin Marietta, MDU Resources share second-quarter 2019 results

By PQ Staff| August 5, 2019

Photo by Kevin Yanik

Vulcan Materials Co., Martin Marietta Materials and MDU Resources revealed their second-quarter 2019 results. Check them out below.

Vulcan Materials

Net earnings at Vulcan Materials were $198 million in the second quarter, a 24 percent increase compared to last year’s second quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) totaled $372 million, a 15 percent improvement compared to the same time period last year.

Martin Marietta Materials

Aggregate volume and pricing at Martin Marietta improved 9.9 percent and 3.4 percent, respectively, during the second quarter, compared to the same period last year. In addition, same-store aggregate volume and pricing improved 6.1 percent and 4.1 percent, respectively, highlighting a quarter of growth for the Raleigh, North Carolina-based producer.

MDU Resources

Earnings at MDU Resources Group were $61.8 million in the second quarter of 2019, compared to $43.8 million during the same time period in 2018. For the company’s construction services business, specifically, second-quarter earnings were $22.8 million, compared to $14.1 million during the second quarter of 2018. The construction services business also had a record second quarter backlog of $1.15 billion, an increase of 30 percent from $888 million during the same time period last year.