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Granite Construction Materials Revenue Spikes in First Quarter

Granite Construction reported that revenue increased to $563.4 million, up 20.3 percent year-over-year for the quarter ended March 31, 2018. Construction Materials revenue increased 32.5 percent to $45.7 million, compared with $34.5 million last year. However, the company reported a net loss of $11.4 million, compared to a net loss of $23.8 million in the first quarter. 

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April New Home Sales Inch Downward

Sales of newly built, single-family homes edged down 1.5 percent in April to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Chaney Charity Golf Tournament Tops $55,000

Chaney Enterprises, a ready-mixed concrete, aggregates and construction supplies provider, raised more than $55,000 for the American Cancer Society and substance abuse and cancer research at its 19th Annual Babe & Dick Chaney Memorial Golf Tournament.

Read more: Chaney Charity Golf Tournament Tops $55,000

Graniterock Quarry Automated Ticketing System Approved in California

Graniterock's A.R. Wilson Quarry, San Benito County, Calif., is the first in the state to win approval from state officials to operate an automated ticket system, which improves overall weighing accuracy and truck flow in and out of the plant.

Read more: Graniterock Quarry Automated Ticketing System Approved in California