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Commercial projects thrust Dodge Momentum Index upward
Dodge Data & Analytics’ monthly index measuring nonresidential building projects in planning was up for the first time in 2020 in the month of July. Keep Reading
Good weather, backlogged work drive up revenues at MDU Resources
The construction materials business at MDU Resources Group, whose subsidiary is Knife River Corp., achieved record second-quarter revenues and earnings. Revenues in the construction materials business were $621.1 million, compared to $596 million for the same period last year. Earnings were at $53 million, up 82 percent over second-quarter-2019 earnings. According to MDU Resources, favorable weather across the majority of the company's market area allowed the company to complete more contracting work in the quarter compared to last year. Recent acquisitions also contributed to the increase, the company says. "Our employees have done an outstanding job of continuing to provide essential services to our customers while safely working under modified conditions as prescribed by local, state and federal guidelines relating to COVID-19," says David Goodin, president and CEO of MDU Resources. "Our operations performed extremely well in the quarter, with record revenues and earnings at both our construction businesses and very strong results from our regulated energy delivery businesses. The construction materials backlog of work at June 30 was $875 million, MDU Resources says.… Keep Reading
North America a top performer for LafargeHolcim in first half
Although global sales dropped significantly in the first six months of the year, LafargeHolcim’s North American operations are playing a leadership role in guiding the company through the economic downturn. Keep Reading
Cost control, price growth theme of Vulcan Materials’ second quarter 2020
Says Vulcan chairman and CEO Tom Hill: "Our second-quarter results demonstrate the resiliency of our best-in-class aggregates-led business.” Keep Reading
Agg business shines in second quarter 2020 at U.S. Concrete
Sales volumes and average selling prices were up significantly in the quarter, leading to some all-time-high quarterly marks at the company. Keep Reading
AGC: Construction spending down four straight months
The Associated General Contractors of America (AGC) provides insights on spending in June following an analysis of government data. Keep Reading
House passes bill addressing US water infrastructure
The Water Resources Development Act of 2020 is now on its way to the Senate, giving aggregate producers reason for optimism on water infrastructure projects. Keep Reading
North American market proving stronger for HeidelbergCement
Although the company’s second-quarter aggregate sales volumes were down slightly, the decline in North America was nowhere near as dramatic as some HeidelbergCement experienced elsewhere in the world. Keep Reading
Quarterly aggregate, concrete revenues up at Eagle Materials
These specific revenues jumped 12 percent in the company’s first quarter of fiscal 2021, which wrapped at the end of June. Keep Reading
