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October 13, 2015 6:10 PM ET

Construction Materials

Company Overview of New Enterprise Stone & Lime Co., Inc.

Company Overview

New Enterprise Stone & Lime Co., Inc. operates as a construction materials supplier and heavy/highway construction contractor primarily in Pennsylvania, western New York, and the eastern United States. The company also provides traffic safety services and equipment. It operates in three segments: Construction Materials, Heavy/Highway Construction, and Traffic Safety Services and Equipment. The Construction Materials segment is involved in the production of aggregates, including crushed stone, and construction sand and gravel; hot mix asphalt; ready mixed concrete; and concrete products, such as precast/pre stressed structural concrete components and masonry blocks. This segment also operates...

3912 Brumbaugh Road

PO Box 77

New Enterprise, PA 16664

United States

Founded in 1924

2,500 Employees



Key Executives for New Enterprise Stone & Lime Co., Inc.

Chief Executive Officer, President, Corporate Secretary, Director and Member of Executive Committee
Age: 56
Chief Financial Officer, Senior Vice President and Treasurer
Age: 55
Chief Operating Officer and Executive Vice President
Age: 60
Executive Vice President and Chief Executive Officer of Martin Limestone Inc
Age: 38
Executive Vice President and Chief Executive Officer of Valley Quarries Inc
Age: 71
Compensation as of Fiscal Year 2015.

New Enterprise Stone & Lime Co., Inc. Key Developments

New Enterprise Stone & Lime Company Incorporated Announces Earnings Results for the First Quarter of 2016

New Enterprise Stone & Lime Company Incorporated announced earnings results for the first quarter of 2016. For the quarter, the company reported revenues of flat compared to a year ago, on a like-for-like basis, adjusted for disposition of noncore operations, net sales were up $13.1 million. On a like-for-like basis, they achieved revenue growth in both its construction materials and heavy/highway construction segments. Revenue growth in construction materials was primarily attributable to the successful implementation of strategic price increases as total material volumes were basically flat year-over-year. Revenue from heavy/highway construction in the first quarter of 2016 was up approximately 15% or $50.7 million, reflecting the shifting of revenues into the first quarter from some of the contracts that experienced delays last year. For the first quarter, operating activities consumed $30.9 million of cash, an improvement of $3.3 million from a year ago, with cash primarily used to fund the loss for the quarter as well as the typical seasonal increase of receivables. Net cash used in investing activities was $1.5 million in the first quarter of fiscal 2016 with the primary use, the purchase of capital equipment, somewhat offset by the disposition of assets held-for-sale. These results reflect the success of its new strategy, which is focused on improving operating margins in core activities and lowering fixed costs in its shared services support structure. While revenues were virtually unchanged from a year ago, they increased operating income by $10 million, as they implement a strategic price increases, improve production efficiencies and continue to drive down overhead spending.

New Enterprise Stone & Lime Co., Inc., Q1 2016 Earnings Call, Jul 23, 2015

New Enterprise Stone & Lime Co., Inc., Q1 2016 Earnings Call, Jul 23, 2015

New Enterprise Stone & Lime Co., Inc., Q4 2015 Earnings Call, May 29, 2015

New Enterprise Stone & Lime Co., Inc., Q4 2015 Earnings Call, May 29, 2015

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