The Q2 / half year reporting season for the nine companies that we publish forecasts for starts on Thursday 29 July, with five of the companies due to report on that day (Heidelberg, Titan, Martin Marietta, Cemex and Saint-Gobain). Vicat, who we follow but don’t publish forecasts for, is also due to report on that…

Recent construction data for major developed markets

• There was a 19.5% increase in US cement shipments in April, partly refecting the weak comparative of -7.6% in April 2020. • The US weather in April 2021 was also both warmer and drier than normal and compared with April 2020. • April’s shipments increased particularly strongly in Eastern Pennsylvania (+162%), Michigan (+150%), Washington…

• Cement shipments in Texas weakened in May decreasing by 9.2%. • This probably was partly due to May’s weather being wetter than in May 2020, but may also have been due to a shortage of supply. • Amongst the six companies that we follow, May’s shipments ranged from an increase of 10% for Alamo,…

• Volumes were stronger in May in the emerging markets that we monitor, but the increases were generally less than in April, which had benefitted from particularly weak comparatives due to COVID. • May’s 2021’s demand in Muslim countries also benefited from the impact of Ramadan being 11 days less than in May 2020. •…

• Comparison of 15 global cement companies Q1 Results. This note compares the performance in the first quarter of 2021 of 15 of the largest cement companies globally. These include six global companies headquartered in the developed world (Buzzi, CRH, Heidelberg, LafargeHolcim, Titan and Vicat) and three headquartered in emerging markets (Argos, Cemex and Votorantim).…

Latest quarter comparative results analysis of US/North America Based Businesses

Margins at region and country level