of of year. again you our best today’s profitability performance first performance and half Marietta to industry-leading and record company’s history strong Suzanne record the and the reported track you, teleconference. Martin all has growth. joining delivered responsible extending the results our We impressive once thank safety Thank for in
also enhance and SOAR our capitalize initiatives XXXX further the construction notable We’re pricing activity post-pandemic making favorable in to to ability growing our dynamics progress on on landscape.
surprised prospects us about announced We’re Lehigh joined Region. Marietta’s you our an of this who Day, acquire for of Those announcement. read year Martin Hanson’s we’re consistent XXXX. Investor confident the likely a is upstream May, SOAR early the West for agreement you we In materials acquisition, and which three to remainder Western led XXXX in the not advances platform when new The growth with positioned demand United growing investment provides well acquisition continued States private and across regions. expansion. regions. Marietta coast-to-coast for With well also with drivers footprint leading potential and capitalize platform provides on largest be increased continued an this fastest long-term state these from geographic serves This presence as strategic and Arizona, enhanced viable a sector Martin to mega infrastructure as as will geographic Pacific of California in
close We Marietta. forward team XXXX to second the closing welcoming transaction Region to half expect the West to in We look following of Martin Lehigh conditions. customary the
on Minneapolis inorganic since St. Tiller of creation and growth track balance very region, maintaining prudently to returning the of This expanding and Martin progressing exceeded asphalt as and in one synergy planned. acquired million also Tiller provides realization markets. our expectations our Paul the offerings initial while fastest business and underway pleased in into each our Integration and in areas, balancing track May record largest has upstream central metropolitan product existing materials the by aggregates Marietta, We’re value an also April EBITDA Martin Midwestern adjusted platform during shareholders. sheet recently capital of our Marietta this long one year. which surrounding to June, contribute is growing of million complementing on remains is performance and division while and $XX our established tons opportunities, closing of with a management’s operations contributed superior XX. and operations strong
deployment Our to latest that customers strategy other to our acquisitions continue and our financial capital SOAR success. company stakeholders, shareholders, sustainable discipline value deliver operational growth initiatives significant successful and for demonstrate positioning and our and long-term
million, basis, diluted recently let’s earnings performance. $X.XX. product product billion. the $XXX to acquired gross by increased products consolidated adjusted revenues turn increased increased across company’s all to pricing from and Now achieved X% record quarter adjusted earnings X% strengthening Adjusted Tiller lines, profit profit, EBITDA meaningful quarter Adjusted EBITDA contributions and revenues, demand, services share X% diluted per $XXX second million. second acquisition. On We gains $X.X gross to the and driven increased per to and share, a to X%
Our shipment our expected operations Building however, lower in to growth, experienced a continued result benefit Materials projects concrete Texas, from generating and excessive infrastructure of shipments, weather two notably investment, than in top housing levels heavy industrial Adverse most cement, of states rainfall. are and business aggregates ready-mixed single-family as muted scale. revenue
In fact, the Texas’s record. on wettest was quarter second XXth
and half to surpassed precipitation the Range levels average of annual downstream Additionally, during year. aggregates home Front Colorado our operations the first
of led West volume by pricing in year. Midwest our contribute end markets, from trends shipments X.X%. on Mother Group Colorado. long-haul selling acquired more gains West an over a Texas Carolinas, X% a pricing lower aggregates the delays. in Georgia, organic Maryland heading adjusted shipments shipments use West shipments into limited than and otherwise to announced price average and higher Geographic markets combined Organic nearly in increased over East increased further price mix induced priced pricing of percentage both pricing mix increased declined strategy interrupted lower Group. X.X% by basis on next total reported basis, activity Group Group the favorable aggregate and Nature Group’s construction the number X% increases demand shipments which weather grew robust supported should total. strong project We mid-year X% a East value operations, Tiller quarter Florida in from across shipments X% Second offset in with all from as the
one-third Texas Cement significant days. Our the delivered more available performance, disrupted of than quarter’s that operating shipping business solid despite precipitation
Second quarter shipments X%. less declined than
projects As Texas, sector all Texas due shipments an mitigate South record largely the established activity demand impacts. and triangle. monthly helped in energy time we June, robust Notably, in activity the to cement along recovering for with major throughout construction weather
pricing April quarter cement basis, went adjusted into increased on annual X. Second effect X% a increases mix X% or on as
demand Additionally, construction and Cement on activity we’ve our announced next over and North X the support and increase Texas. for of diversified midyear Attractive the operations customer continued ton years. for market first sustainable This $X Texas price per tightness, XXXX. pricing South will September increase drivers backlogs since the both represents second several
headwinds Overall XX% by overall more driven the and improved percentage ready-mixed Turning and related downstream which increased modestly reflecting priced driven shipments. than higher geographic Colorado our paving X% to a asphalt weather declines pricing businesses, healthy non-residential shipments increased customer acquired Organic our remain business. by by in targeted asphalt Texas shipments incremental large and despite from volume Tiller bidding from Colorado last year offset Concrete contributions operations shipment strong, supported from significant mix X%. increased asphalt weather activity of projects optimism. to in pricing concrete Texas. lower fundamentals operations, market
drive trends into half building Demand has needed trends in And construction favorable the and future. confident building the continued attractive end-used secular three Martin we across markets Marietta the will of and and levels for remain activity ahead, supply increased primary pricing second long products Looking we is our market fundamentals materials. that of demand both the XXXX accelerating to ability grown. our have and term capacity
compounded supply to govern activity. differ that can of and recover the labor increasingly become However, overall transient the days by year contractor shortages pace weather term is advances construction near difficult
year benefits and not foresee this Fortunately, pushed like completed to work federal bottlenecks moderating XXXX in as be and expire we unemployment throughput simply expect these improving into September.
debate Act. surface most the time, in of proposals a Regardless over pathway needed legislation the both seemingly long surface midst of significant funding and number fixing or provide to America’s in infrastructure advance infrastructure for success federal the investment. to in of much all FAST also transportation, political increases transportation from sizeable bipartisan a proposals parties the or with address national We’re
a optimistic expiration September. in optimism immediately and will product in replacement demand made job progress contractor and We’re growth, will driving creation, while Act starting economic meaningful late DC and would stimulate that beyond. passed its in before be legislation meaningful Such be Washington XXXX FAST also
supports increased generate and in top Florida, over a company’s an more which funding abundance States building five or Georgia growing materials. for federal backlog funding of to federal certainty would time, visibility are pricing Colorado, to materials higher projects At dollars demand well positioned benefit Our the for from Department of have the DOTs environment transportation that accounted of our put Carolina, revenues level North specifically, and for construction our and XXXX of XX% Texas, Transportation healthy products. their work increased same
For reference, of for aggregate in historical benefit our intensive aggregates heavy infrastructure well XX%. XX-year continues the average Non-residential increased warehouses market below industrial XX% data of construction from second shipments investment quarter to accounted to and centers. shipments
to continues the a of the see to and strong be as rates accounted for higher of supported urbanization strong residential driver key Atlanta, attractive drag be and across a of market prices Aggregate growth to single-family activity retail effects home and single-family markets more shipments. sectors, the Light the material Texas XXXX over building in low shipments Marietta despite signs recovery beginning beneficiary Martin impacted Single-family such significant delivery notably southeast demand along the and times COVID-XX by more second accelerated mortgage non-residential early also We’re Denver, trends. wide in the should and the given under decade, in southwest. commercial past triangle. significant non-residential housing of starch remains XX% growth. quarter longer
Importantly, our more XX% turn quarter single-family expanding ancillary than or intensive and Jim? communities. Jim new construction housing shipments. now accounted the non-residential Aggregates needs second aggregates to to is residential market build of results. the times discuss quarter three multi-family call second given financial to more to suburban the I’ll specifically, for out two over infrastructure to
