Proxy Summary
2020 PERFORMANCE HIGHLIGHTS
We achieved a number of significant milestones during the course of 2020, despite disruption and
uncertainty resulting from the COVID-19 pandemic, in large part due to the continuing dedication of our employees, the leadership of our executive officers and our Board of Directors, and the culture of
our company, which binds us all together. LEVERAGED FOUR STRATEGIC
DISCIPLINES TO OVERCOME COVID-19 DISRUPTIONS Achieved net earnings of $584 million and record Adjusted EBITDA2 of $1.324 billion, an increase of 4%
over the prior year, by executing on operating plans underpinned by our four strategic disciplinesCommercial Excellence, Operational Excellence, Logistics Innovation and Strategic Sourcing.
Delivered year-over-year gains in aggregates unit
profitability throughout each quarter in 2020, with industry-leading aggregates unit gross profit up 5% despite a 3% decrease in shipments over the prior year.
EMPHASIZED SAFETY AND CULTURE
Achieved a level of 0.88 MSHA/OSHA combined injury
incidents per 200,000 hours workedthe lowest MSHA/OSHA injury rate in the companys historyand an MSHA citation rate of 0.58 compared to an industry average of 1.87.
Implemented enterprise-wide COVID protocols and pay
benefits to protect the health and safety of our employees; provided frequent communications about COVID-19 across the organization, with an emphasis on listening to our employees and sharing the
steps the company is taking to keep them mentally and physically healthy.
Continued our efforts to strengthen our workplace
diversity and inclusion by building on our partnership in support of HBCUs established in 2019, embedding Diversity and Inclusion Councils in each of the companys operating divisions and implementing unconscious bias training to be
delivered across the company. EXECUTED OUR CAPITAL
STRATEGY Maintained excellent liquidity,
reinvested in our core operations, employed disciplined capital management and maintained our investment grade credit rating.
Returned $206 million to
shareholders through dividends and share repurchases. EXPANDED
SUSTAINABILITY AND ENVIRONMENTAL INITIATIVES
Reduced greenhouse gas emissions 3.5% as a
percentage of production tons, and maintained a citation-free environmental inspection rate of over 98%.
Increased transparency in sustainability reporting
by expanding categories of reporting to include Scope 1 and Scope 2 greenhouse gas emissions, air emissions, waste and water management and biodiversity impacts.
Our operating plans are underpinned by our four strategic disciplines, a healthy balance sheet, strong liquidity and the engagement of our
people. |