U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.
Read MoreDay: May 6, 2021
Simonson Says Price Increases Continue
Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…
Read MoreMDU Resources Doubles First Quarter Earnings
MDU Resources Group Inc. reported first quarter earnings of $52.1 million, or 26 cents per share, compared to first quarter 2020 earnings of $25.1 million, or 13 cents per share.
Read MoreNorth American Mining Hires Publishing Veterans
May 6, 2021 – Pleased to give a shout out to Semco’s new publication, North American Mining magazine, which has hired two key industry veterans with significant experience in the mining sector to lead sales and editorial. “Vic Matteucci will head up sales and Donna Schmidt assumes the reins of editor,” stated Peter Johnson, publisher of the magazine. “The staff of North American Mining magazine…
Read More