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Martin Marietta Materials Touts Stability With First Quarter Results

Martin Marietta Materials reported its net sales increased to $306.2 million compared with $295.6 million a year ago. Loss per diluted share was $0.39 compared with loss per diluted share of $0.54 a year ago. The company noted that increased diesel costs negatively affected earnings by $0.05 per diluted share. Heritage aggregates product line pricing was up 0.4 percent, although volume was down 1.2 percent.

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February Construction Spending Lower Than January

The U.S. Census Bureau of the Department of Commerce reports that construction spending during February was estimated at a seasonally adjusted annual rate of $760.6 billion, 1.4 percent (±1.4 percent) below the revised January estimate of $771.0 billion. The February figure is 6.8 percent (±1.6 percent) below the February 2010 estimate of $815.8 billion.

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Astec Industries Grows 19 Percent in First Quarter

Astec Industries has released its first quarter 2011 report. Revenues for the first quarter of 2011 were $230.2 million compared with $193.5 million for the first quarter of 2010, a 19 percent increase. Domestic sales grew 13.9 percent compared to the first quarter of 2010 and international sales grew 29.2 percent compared to the first quarter of 2010.

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Mark West Quarry to Go 100 Percent Solar

Santa Rosa, Calif.-based BoDean Co.’s Mark West Quarry will make history on May 11 when they “flip the switch” and become the first quarry in the world to be 100 percent reliant on solar power.

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March Construction Starts Stay Even With Prior Month

New construction starts in March came in at a seasonally adjusted annual rate of $404.9 billion, essentially the same pace as February, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. While total construction was unchanged from the prior month, this steady pattern came as the result of divergent behavior by construction’s three main sectors.

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