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U.S. Concrete Announces Retirement of William J. Sandbrook

U.S. Concrete Inc. announced that William J. Sandbrook has notified the company's board of directors of his decision to retire as chief executive officer effective April 3, 2020. Sandbrook will continue to serve as the company's chairman of the board until the company's annual meeting of stockholders in May 2020.

Read more: U.S. Concrete Announces Retirement of William J. Sandbrook

Martin Marietta Reports Most Profitable Year in Its History

Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2019. Fourth quarter 2019 revenues were $1,100,430, up from $1,020,218 in the fourth quarter of 2018. Full-year 2019 revenues were $4,739,098, up from $4,244,265 in 2018.

Read more: Martin Marietta Reports Most Profitable Year in Its History

Summit Materials Details Strong Quarterly, Yearly Results

Summit Materials Inc. announced results for the fourth quarter and full year 2019. For the three months ended Dec. 28, 2019, the company reported net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share, compared to a net loss attributable to Summit Inc. of $19.2 million, or $(0.17) per basic share in the comparable prior-year period. 

Read more: Summit Materials Details Strong Quarterly, Yearly Results

USGS Releases Preliminary 2019 Production Volume

The U.S. Geological Survey (USGS) released its 2020 Mineral Commodity Summaries publication, in which it gives its first, preliminary look at 2019 U.S. aggregates production. According to the publication, total aggregates production was approximately 2.5 billion metric tons (Gt), an increase of approximately 6% over 2018.

Read more: USGS Releases Preliminary 2019 Production Volume

Report Highlights Importance of Mining Minerals for U.S. Economy

The U.S. Geological Survey (USGS) announced that U.S. mines produced approximately $86.3 billion in minerals in 2019 – more than $2 billion higher than revised 2018 production totals.

Read more: Report Highlights Importance of Mining Minerals for U.S. Economy