MDU Resources released its third-quarter report, which showed earnings from continuing operations of $89.6 million compared with third-quarter 2016 earnings of $88.2 million.
In addition, for the first nine months ending Sept. 30, MDU Resources reported earnings from continuing operations of $168.8 million, which compares with $166 million for the same time period last year.
MDU Resources’ construction materials segment earned $63.2 million in the third quarter, compared with $69.5 million in third quarter of 2016. Lower asphalt product margins resulting from lower volumes and lower construction margins were partially offset by higher aggregate margins primarily due to higher sales volumes, the company says. Weather-related delays and lower workloads in energy-production states also contributed to the decrease in the company’s aggregate materials segment.
“Construction materials had a solid quarter, although down from last year’s record results,” says David Goodin, president and CEO of MDU Resources.
