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August 03, 2015 6:40 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

Phone:

814-766-2211

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 Co., Inc., Q4 2015 Earnings Call, May 29, 2015

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

New Enterprise Stone & Lime Co., Inc. Appoints Robert J. Schmidt as Chief Operating Officer and Executive Vice President

On April 28, 2015, the board of directors of New Enterprise Stone & Lime Co., Inc. approved the appointment of Robert J. Schmidt as Chief Operating Officer of the company, effective immediately. Mr. Schmidt started with the company in September 2014, and was appointed as Executive Vice President and Chief Operating Officer on April 28, 2015. Previously, Mr. Schmidt served as Vice President and General Manager at LoJac Materials from 2012 to 2014.

New Enterprise Stone & Lime Co., Inc. Reports Earnings Results for the Third Quarter and Nine Months of Fiscal 2015

New Enterprise Stone & Lime Co., Inc. reported earnings results for the third quarter and nine months of fiscal 2015. For the quarter, the company reported total revenue decreased $11.6 million or 5.2% to $210 million. The decrease is attributable to noncore operations, primarily those which are in the process of winding down or have already wound down. Excluding these operations, total net revenues in the third quarter were up marginally from a year ago. Total operating income improved $5.6 million or 40.9% to $19.3 million compared to $13.7 million in the year-ago quarter, driven by a substantial improvement in the profitability of the company's construction materials segment. Net cash used in operations was just $1.1 million through the first 9 months of fiscal year 2015, a significant improvement from the $17.0 million used in operations a year ago. Capital expenditures year-to-date were $18.8 million, up $1.9 million from $16.9 million expended over the first 9 months of fiscal year 2014.

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