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June Construction Spending Down; Highways Dip

The U.S. Census Bureau reported that construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3% (±1.2%) below the revised May estimate of $1,303.4 billion. 

Read more: June Construction Spending Down; Highways Dip

Kespry, DroneBase Announce Partnership

Kespry and DroneBase announced a partnership to enable insurance, mining, and aggregates enterprises across North America to expand aerial analytics implementation across their worksites.

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Mixed Results for Eagle Materials in Latest Report

Eagle Materials Inc. reported financial results for the first quarter of fiscal 2020 ended June 30. The company is reporting revenue of $370.6 million, down 6%; and net earnings per diluted share of $0.94, down 32%.

Read more: Mixed Results for Eagle Materials in Latest Report

North American Market Strong for LafargeHolcim

LafargeHolcim reported that net sales in the second quarter grew by 3.5% like-for-like compared to the prior-year period. This achievement has been driven by successful pricing management and higher cement volumes. Net sales grew in all regions supported by a favorable market environment in general, in particular in Europe and North America.

Read more: North American Market Strong for LafargeHolcim

MDU Resources' Construction Materials Group Up 20%

MDU Resources Group Inc. reported second quarter earnings of $61.8 million, or 31 cents per share, compared to second quarter 2018 earnings of $43.8 million, or 22 cents per share. For the six months ended June 30, MDU Resources earned $102.7 million, or 52 cents per share, compared to $86.2 million, or 44 cents per share, in 2018.

Read more: MDU Resources' Construction Materials Group Up 20%