Australia: Holcim has completed the acquisition of Burdett Group to expand its aggregates and circular construction footprint in Australia. Burdett Group is a supplier of aggregates, recycled construction demolition materials and sand. The financial details of the deal were not disclosed. The deal will support Holcim in reaching its target to recycle over 20Mt/yr of construction demolition materials globally by 2030.
US: Eagle Materials announced its second quarter results for the 2027 fiscal year which ended on 30 September 2026. Revenue in the heavy materials sector, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, increased by 2% year-on-year to US$477.8m. Heavy materials operating earnings declined by 12% to US$113m, reflecting higher operating costs in both cement and concrete and aggregates.
Cement revenue for the quarter, including joint venture and intersegment revenue, rose by 1% to US$390.5m, while operating earnings were down by 9% to US$108.8m. The decline in earnings was due to higher fixed costs, including labour and depreciation, increased purchased raw material costs and higher freight expenses driven primarily by rising diesel fuel prices. The average gross cement sales price increased by 1%.
US: Titan America announced its third quarter results for 2026 on 4 November 2026. The company reported a revenue of US$461.6m, up by 5.7% year-on-year compared to the US$436.8m in the corresponding period of 2025. Net income was recorded as US$39.8m compared to the US$57.4m noted in the third quarter of 2025. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) also decreased, with US$95m recorded compared to the US$116.7m recorded in the same period of 2025.
A combination of heightened market headwinds, increased energy costs and unfavourable weather conditions pressured margins during the third quarter. Bill Zarkalis, President & CEO of Titan America, said "In response to current deteriorating near-term market conditions and ongoing cost headwinds, we have intensified our focus on cost reduction and productivity initiatives."
India: JK Lakshmi Cement announced its second quarter results for the 2027 financial year which ended on 30 September 2026. The company reported a net profit of US$2.2m, down by 74.6% year-on-year compared to the US$8.7m recorded in the corresponding period of 2025. Net revenue of the company rose to US$171m in the July-September quarter of the 2026 financial year, up by 5.6% year-on-year from US$162m recorded in the same period of 2025. Operating expenses increased by 10.5% year-on-year from US$140m to US$154.8m registered in the corresponding quarter of 2025.
