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February 08, 2016 2:41 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 Company Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015; Provides Capital Expenditure Guidance for the Fiscal Year 2016

New Enterprise Stone & Lime Company Inc. reported earnings results for the third quarter and nine months ended November 30, 2015. Building on the company’s recent strong performance in the third quarter, the company once again reported a significant profit improvement generating net income of $12.1 million in a quarter in which the company recorded a $1.6 million net loss a year ago. Operating income in the third quarter was $34.3 million, up 78% or over $15 million compared to the third quarter of fiscal 2015. For the three months ended November 30, 2015, cash flow from operating activities was over $35 million. In the third quarter, total revenue decreased $5.5 million, adjusting for the disposition of noncore operations. Increases in construction materials and traffic safety services segment revenues were offset by lower heavy/highway construction segment revenue. Profitability has increased by $40 million for the first nine months of 2015 compared to last year. The company’s cash flow from operations has improved by $22 million. Capital expenditures for the fiscal year 2016 are expected to fall within the limits permitted under loan covenants.

New Enterprise Stone & Lime Co., Inc., Q3 2016 Earnings Call, Feb 01, 2016

New Enterprise Stone & Lime Co., Inc., Q3 2016 Earnings Call, Feb 01, 2016

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

New Enterprise Stone & Lime Company Incorporated announced earnings results for the second quarter of 2016. For the quarter, the company's net income up 161% from the second quarter of last year. Operating income up 58% to $50.5 million for the second quarter. On a year-over-year basis, operating income has now increased for 4 consecutive quarters, while operating margins have expanded by about 915 basis points over the last 2 years. Revenue grew $5 million or 2% on a comparative basis with growth, once again led by construction materials performance. Construction materials revenues were up $6.2 million in the quarter on a comparative basis. Revenue growth was once again attributable to strategic pricing discipline with increases in most products despite lower commodity prices. Revenue from heavy/highway construction in the second quarter of 2016 was up $6.2 million or approximately 6%.

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