Publicly traded construction-materials companies operating in the United States reported mixed results for the second quarter.
Martin Marietta Materials reported that cement and ready mixed concrete revenues decreased 37% to $261 million and gross profit decreased 44% to $72 million compared with the prior-year quarter, primarily due to the February 2024 divestiture of the South Texas cement plant and related concrete operations, as well as extremely wet weather in Texas.
Summit Materials reported that Cement Segment net revenues increased to $324.8 million in the second quarter. Cement Segment adjusted cash gross profit margin decreased to 49.4% in the second quarter, compared to 52.8% in the prior-year period, due primarily to margin mix impacts from inclusion of the Argos USA assets. Sales volume of cement increased 238.0%. Organic sales volumes decreased 16.5% due to reduced import volume in the River Markets and moderating demand conditions. Organic average selling prices increased 7.3% in the second quarter, primarily reflecting traction from increases implemented earlier in the year.
Heidelberg Materials reported that the North American market made a particularly significant contribution to its results. Investments in continuous growth combined with more efficient cost structures and increased production capacities resulting from the commissioning of the state-of-the-art cement plant in Mitchell, Ind., led to a strong result in North America and an improvement in the RCOBD margin, which increased group-wide to 23.4% (previous year: 22.1).
Eagle Materials reported that Cement revenue, including Joint Venture and intersegment revenue, was up 3% to $339.2 million. Operating earnings increased 20% to $89.1 million reflecting higher Cement sales prices partially offset by lower Cement sales volume.
Cemex reported that net sales in the United States – which includes cement operations – declined 2% to $1,392 million. EBITDA decreased 2% to US$297 million, and EBITDA Margin reached a peak level of 21.4%, a 0.1pp expansion.
