Material Shortages, Price Increases

Nov. 24, 2020 – According to Ken Simonson, chief economist for Associated General Contractors of America (AGC), selective materials shortages and price increases continue to affect contractors. AGC has received reports of cement shortages in California and Utah. Participants in the October ABI survey also reported problems. Overall, six in 10 responding firms this month indicated that they have seen some degree of…

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Arcosa Sees Spike in Construction Materials Business

Arcosa Inc. reported that total revenues increased 15% to $498.5 million in the second quarter. Construction materials revenues increased 28% to $148.2 million in the second quarter, driven primarily by the acquisition of Cherry Industries. “In our legacy construction aggregates businesses, natural aggregates revenues were higher due to a robust increase in volume, partially offset by weakness in our plants…

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MDU Resources Group Reports Record Earnings

MDU Resources Group Inc. reported second quarter earnings of $99.7 million, or 50 cents per share, a 61% increase over second quarter 2019 earnings of $61.8 million, or 31 cents per share. For the six months ended June 30, MDU Resources earned $124.8 million, or 62 cents per share, compared to $102.7 million, or 52 cents per share, in 2019.

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MDU Resources Construction Materials Business Up 30%

MDU Resources Group Inc. reported earnings increased 23% in 2019 to $335.5 million, or $1.69 per share, compared to 2018 earnings of $272.3 million, or $1.39 per share. In the fourth quarter of 2019, the company’s earnings were $95.1 million, or 47 cents per share, compared to $78.8 million, or 40 cents per share, in 2018.

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LafargeHolcim Names Allen GM of Mountain Region

LafargeHolcim has appointed Woodrow “Chance” Allen general manager for the Mountain Region for the US Aggregates and Construction Materials (ACM) organization. Allen has extensive experience in lean manufacturing and managing large-scale businesses. “Chance brings a valuable perspective of the US aggregates and construction materials industry,” said Jay M. Moreau, CEO, US ACM. “His experience in production and in developing and…

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