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Construction Spending Dips in March; Down for Year

The U.S. Census Bureau announced that construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9% (±1.0%) below the revised February estimate of $1,293.3 billion. The March figure is 0.8% (±1.5%) below the March 2018 estimate of $1,293.1 billion. 

Read more: Construction Spending Dips in March; Down for Year

Aggregates Marketing Inc. Scores Big Contract

Athabasca Minerals Inc. reported that its wholly-owned subsidiary Aggregates Marketing Inc. has secured a CDN $1,500,000 order to supply aggregates for a major industrial operator located in the Regional Municipality of Wood Buffalo in northern Alberta, Canada.

Read more: Aggregates Marketing Inc. Scores Big Contract

Vulcan's Aggregates Shipments Up 13% for Quarter

Vulcan Materials Co. announced results for the quarter ended March 31. Total revenues were $996.5 million, compared to $854.5 million in the first quarter of 2018. Net earnings were $63 million and Adjusted EBITDA was $193 million in the first quarter. The 15% growth in Adjusted EBITDA was driven by strong aggregates shipments, up 13% year-over-year, and a 5.4% increase in aggregates pricing. 

Read more: Vulcan's Aggregates Shipments Up 13% for Quarter

ACG Acquisition Drives Arcosa's First Quarter 2019 Results

Arcosa Inc. announced results for the first quarter ended March 31, 2019. The company is reporting that revenues increased 16% to $410.9 million. Net income increased 25% to $27.7 million; while adjusted net income increased 30% to $28.8 million, excluding non-routine items related to the ACG Materials acquisition.

Read more: ACG Acquisition Drives Arcosa's First Quarter 2019 Results

MDU Resources Materials Group Takes First-Quarter Loss

MDU Resources Group Inc. reported first quarter earnings of $40.9 million, or 21 cents per share, compared to first quarter 2018 earnings of $42.4 million, or 22 cents per share.

Read more: MDU Resources Materials Group Takes First-Quarter Loss