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Aggregates pricing typically rises low to mid single digits annually in tight local markets, and Q1 2026 data showed Aggregates Freight Adjusted Average Sales Price up about 2 percent with unit profitability up 7 percent, reflecting effective price discipline and mix.

Engineered Structures delivered record quarterly margin in Q1 2026 on robust utility demand tied to grid modernization, indicating some ability to command value when capacity is tight. Wind towers remain more bid driven and cyclical and can dilute overall mix during downcycles.

We view latent pricing power as solid in aggregates and moderate in engineered products.