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March 26, 2015 7:22 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 in Pennsylvania and western New York. The company also provides traffic safety services and equipment in the United States. 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 transportation f...

3912 Brumbaugh Road

PO Box 77

New Enterprise, PA 16664

United States

Founded in 1924

2,900 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: 55
Chief Financial Officer and Senior Vice President
Age: 54
Executive Vice President and Chief Executive Officer of Martin Limestone Inc
Age: 37
Executive Vice President and Chief Executive Officer of Valley Quarries Inc
Age: 70
President of Protection Services Inc and Executive Vice President of Work Area Protection Corp
Compensation as of Fiscal Year 2014.

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

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.

New Enterprise Stone & Lime Co., Inc., Q3 2015 Earnings Call, Jan 23, 2015

New Enterprise Stone & Lime Co., Inc., Q3 2015 Earnings Call, Jan 23, 2015

New Enterprise Stone & Lime Co., Inc. Announces Earnings Results for the Second Quarter and Six Months of 2015; Provides Capital Expenditure Guidance for the Year 2015

New Enterprise Stone & Lime Co., Inc. announced earnings results for the second quarter and six months of 2015. For the quarter, the company reported total net revenue increased 2.1% from a year ago to $247.6 million. However, the sale of certain non-core operations in its eastern markets earlier this year reduced second quarter 2015 revenue by almost $8 million compared to a year ago. Adjusting for this change, revenue would've been up closer to 6% compared to a year ago. Total operating income was $32 million, a more than $4.5 million or 16.5% improvement from $27.5 million a year ago. For the year-to-date fiscal of 2015, net cash used in operations was $16.2 million, a significant improvement from $34.2 million a year ago, primarily attributable to a decrease in the operating loss as well as an improvement in working capital management. The company announced that it will end the year below its fiscal 2015 $27.5 million capital expenditure covenant limit.

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