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Summit's Hill to Step Down; Noonan Named President

Summit Materials Inc. announced that Thomas W. Hill plans to step down from his role as president and chief executive officer and as a member of the board, effective Sept. 1. At that time, Anne Noonan will be appointed president and chief executive officer and as a member of the board. Hill will serve as a senior advisor through the end of the year. Commencing on Jan. 1, 2021, Hill will transition into a consulting role through July 2023.

Read more: Summit's Hill to Step Down; Noonan Named President

Summit Materials Climbs to Record Second Quarter

Summit Materials Inc. announced record results for the second quarter 2020. For the three months ended June 27, the company reported net income attributable to Summit Inc. of $57.1 million, or $0.50 per basic share, compared to net income attributable to Summit Inc. of $36.4 million, or $0.32 per basic share in the comparable prior year period. Summit reported adjusted diluted net income of $58.9 million, or $0.50 per adjusted diluted share as compared to adjusted diluted net income of $36.0 million, or $0.31 per adjusted diluted share in the prior year period.

Read more: Summit Materials Climbs to Record Second Quarter

Pioneer Adds Four Quarries to Its Operational Footprint

Pioneer Landscape Centers, which has been serving residential and commercial customers in the western United States since 1968, added four new quarries to its operations, allowing the company to increase production and enter into a new product sector supporting a range of large industrial customers in the concrete, asphalt and road base markets.

Read more: Pioneer Adds Four Quarries to Its Operational Footprint

MSHA Reports 11th Fatality of 2020

The Mine Safety and Health Administration (MSHA) reported that on July 9, a mine superintendent was electrocuted while attempting to reverse the polarity of a 4,160 VAC circuit by switching the leads inside an energized 4,160 VAC enclosure that contained a vacuum circuit breaker and disconnect.

Read more: MSHA Reports 11th Fatality of 2020

Housing Starts, Permits Increase in June

Led by solid single-family production, total housing starts increased 17.3% in June to a seasonally adjusted annual rate of 1.19 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

Read more: Housing Starts, Permits Increase in June