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Vulcan Materials, Martin Marietta, U.S. Concrete, CRH, others share 2018 results

By |  March 4, 2019
Photo by Kevin Yanik

Photo by Kevin Yanik

A number of companies released their 2018 results. Find out how the nation’s top producers performed and what their expectations are for the coming months.

Vulcan Materials Co.

Vulcan Materials Co., the nation’s largest aggregate producer, finished 2018 on a positive note. Net 2018 earnings came in at $516 million, with an adjusted EBITDA (earnings before interest, tax, depreciation and amortization) of $1.13 billion. The adjusted EBITDA represents a 15 percent increase despite Vulcan experiencing “significantly higher energy costs.” Read more.

Martin Marietta Materials

Martin Marietta finished 2018 strong, and expects 2019 to be even better. The company, which recently released its 2018 full-year report, detailed how 2018 revenues increased 7 percent from 2017 to a record $4.2 billion and that adjusted EBITDA (earnings before interest, tax, depreciation and amortization) increased 9 percent from the previous year to an all-time high of $1.1 billion. Read more.

Granite Construction

Erratic, wet weather in the West factored into Granite Construction’s year-end 2018 results, but the company finished its fiscal year with revenue up 11 percent and adjusted EBITDA (earnings before interest, tax, depreciation and amortization) up 39 percent year-over-year. Read more.

U.S. Concrete

U.S. Concrete reported records in revenue and adjusted EBITDA (earnings before interest tax, depreciation and amortization) upon releasing its full-year 2018 results. The records were established with the backdrop of an extremely weather-challenged operating environment, says Bill Sandbrook, chairman, president and CEO of U.S. Concrete. Read more.

CRH

Sales last year at CRH finished at 26.8 billion euros, up 6 percent versus 2017, the company reported upon releasing its 2018 year-end results. CRH established a record earnings before interest, tax, depreciation and amortization (EBITDA) at 3.37 billion euros, up 7 percent over 2017. Read more.


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