Pit & Quarry, May 2015

INDUSTRY SNAPSHOT FIRST OF MONTH OPENING APR MAR Cemex CX 950 997 CRH Oldcastle CRH 2620 2822 Eagle Materials EXP 8358 7850 Granite Const GVA 3501 3310 Martin Marietta MLM 14004 14233 Summit Materials SUM 2210 NA U S Concrete USCR 3381 3058 U S Lime Minerals USLM 6450 6719 Vulcan Materials VMC 8436 8352 Source Yahoo Finance P Q AGGREGATES INDUSTRY INDEX JUN12 JUL AUG SEP OCT NOV DEC JAN 13 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 14 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 15 May 300 FEB MAR APR MAY Source Pit Quarry 300 250 200 150 The P Q Aggregates Industry Index has climbed more than 100 points in the last three years and this month hit the 300 mark for the first time Highway funding takes center stage at convention Rep Bill Shuster R Pa delivered a keynote address at the opening general session of the National Stone Sand and Gravel Associations NSSGA Annual Convention in Baltimore Shuster expressed confidence in the federal governments ability to pass a multi year surface transportation bill before the May 31 expiration of the MAP 21 reauthorization We continue to work for a long term bill and Im confident were going to get a long term bill because you have both sides of the aisle and the White House talking about the need for it he said Theres a desire to get there How we get there is a matter of moving dollars Shuster added that a bill must be a fiscally responsible one that does not add to the U S deficit As Ive traveled the country and talked to leaders within state government its clear people want a long term bill he said Joe Main assistant secretary of labor for Mine Safety and Health also addressed the convention telling NSSGA members that mining industry improvements in the past five years have laid the foundation for better protections for miners Ohios Jacomet named executive of the year The National Stone Sand Gravel Association NSSGA named Patrick Jacomet as the 2014 State Aggregates Association Executive of the Year Jacomet is the executive director of the Ohio Aggregates Industrial Minerals Association OAIMA NSSGA President and CEO Mike Johnson says Jacomet received the award in part because of his efforts to organize other state aggregates associations responses to the U S Environmental Protection Agencys Waters of the U S rule proposal Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions Feb 2015 Jan 2015 Change Nonresidential Building 224876 158545 42 Residential Building 245716 233269 5 Nonbuilding Construction 253756 231878 9 Total Construction 724348 623692 16 Source Dodge Data Analytics Above Summit Materials opened April at 2210 after debuting on the New York Stock Exchange at 1990 per share Below Nonresidential and residential building and nonbuilding construction all experienced gains in February Nonresidential jumped 42 percent from January to February Year to Date Construction Contract Value Unadjusted Totals in Millions 2 mo 2015 2 mo 2014 Change Nonresidential Building 27056 22247 22 Residential Building 32725 30479 7 Nonbuilding Construction 36196 19141 89 Total Construction 95977 71867 34 Source Dodge Data Analytics 8 PIT QUARRY May 2015 www pitandquarry com