Construction Materials
Case studies in construction materials.
CRH and Arcosa: How should integration create value?
CRH plc has agreed to acquire Arcosa, Inc. The shareholder vote is complete, and the companies describe the expected closing period as the first quarter of 2027, subject to regulatory and other customary conditions. Read case
Martin Marietta Materials — Price, Tons, and the Next Growth Market
Imagine that you advise Martin Marietta Materials as it plans its next phase of growth. The company has just reported a quarter in which aggregates shipments declined while realized pricing and gross profit rose. It has also said that the proceeds from a recently completed cement-plant sale give it flexibility to pursue pure-play aggregates acquisitions. Read case
Vulcan Materials: Where Should the Next Growth Dollar Go?
At 10:59 a.m. Eastern on October 26, Vulcan Materials Company was about to begin its third-quarter earnings call. Its results release, filed that morning, showed aggregates shipments down 2% year over year, freight-adjusted prices up 15%, and freight-adjusted cash unit costs up 12%. Management described 2024 as another year of earnings growth and strong cash generation. Read case