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MDU Construction Materials Business Down in First Quarter

MDU Resources Group Inc. reported first quarter earnings of $25.1 million, or 13 cents per share, compared to first quarter 2019 earnings of $40.9 million, or 21 cents per share.

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CEMEX Funds Development of Personal Protective Equipment

CEMEX USA announced a grant award by its philanthropic arm, the CEMEX Foundation, to Houston-based nonprofit TX/RX Labs to fund efforts to develop and make critically-needed personal protective equipment (PPE) such as face masks, face shields and intubation boxes to aid medical professionals, first responders – including police, firefighters and other public servants – and community members in the fight against COVID-19.

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Granite Says Financial Drivers Healthy, Stable

Granite Construction Inc. provided an update regarding the company’s operations and the impacts of the COVID-19 pandemic along with first quarter 2020 preliminary select financial information.

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AED Urges State Governors Not to Cut Road Projects

The Associated Equipment Distributors (AED) delivered letters to the nation's 50 state governors, highlighting the importance of transportation infrastructure projects and encouraging them to refrain from decreases in planned investments.

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Dodge Momentum Index Trips on COVID-19 in April

The Dodge Momentum Index moved 6.0% lower in April to 135.9 (2000=100) from the revised March reading of 144.5. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of the Momentum Index pulled back during the month – the commercial component fell 7.6%, while the institutional component dropped 3.2%.

Read more: Dodge Momentum Index Trips on COVID-19 in April