Hill stated, "We continue to see strength in residential construction activity, driven by single-family housing. Our four strategic disciplines helped us grow our aggregates cash gross profit by 9 percent to $6.56 per ton." As the construction season got underway during March, many of our key markets began to see shipments rebound. While severe winter weather conditions in February resulted in an uneven start to the year, strong execution from our teams allowed us to drive earnings growth and margin expansion. Tom Hill, Chairman and Chief Executive Officer, said, "Our first quarter results are a testament to the resiliency of our best-in-class aggregates business. ![]() Sale of reclaimed quarry produced net proceeds of $182 million and pretax gain of $115 million ( $85 million after tax, or $0.64 per diluted share)įirst quarter Adjusted EBITDA was $244 million (excluding gain on land sale), a year-over-year increase of 22 percentĪggregates unit profitability increased 12 percent year-over-year to $4.82 per tonĪ disciplined approach to leveraging our capital base contributed to an improvement in return on invested capital of 90 basis points to 14.8 percentįull-year 2021 Adjusted EBITDA guidance raised to between $1.380 to $1.460 billion (excluding gain on sale of land) Net earnings were $161 million, or $1.20 per diluted share
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