Dolese Bros. Co. announced the addition of Edmond, Okla., native Pete Simms to its team as chief financial officer (CFO).
Read MoreTag: Construction materials
Granite Construction’s Materials Segment Revenue Rises
Granite Construction announced results for the fourth quarter and year ended Dec. 31, 2020. Fiscal year 2020 net loss totaled $145.1 million, or $3.18 per diluted share, compared to a net loss of $60.2 million, or $1.29 per diluted share, in the prior year.
Read MorePeckham Industries Names Murphy CEO
Peckham Industries Inc.’s board of directors named Damian Murphy as the company’s new chief executive officer, effective April 12, 2021. He will also serve as a member of the company’s board of directors. Murphy has more than 25 years of experience in the construction materials sector, working with both public and privately held companies.
Read MoreMDU Resources Achieves Record Construction Materials Revenue
MDU Resources Group Inc. announced that earnings increased 16% in 2020 to $390.2 million, or $1.95 per share, compared to 2019 earnings of $335.5 million, or $1.69 per share. In the fourth quarter, the company’s earnings were $112.3 million, or 56 cents per share, compared to $95.1 million, or 47 cents per share, in 2019.
Read MorePeckham Touts Safety in New Video
Peckham Industries has developed a new video showing that the motto “Safety never takes a day off” is more than a slogan; it’s the way the company conducts every facet of its business.
Read MoreIROCK Crushers Adds Hills Machinery to Dealer Lineup
After examining the current construction materials marketplace and reviewing customer feedback in North Carolina, South Carolina and Virginia, IROCK Crushers announced Hills Machinery as its exclusive dealer to the region.
Read MoreMaterial 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…
Read MoreMDU Resources to Invest in Future
MDU Resources Group Inc. expects to make capital investments of more than $3 billion for the years 2021 through 2025, the company stated.
Read MoreWest Virginia Settles Antitrust Case With Construction Materials Producers
West Virginia Gov. Jim Justice joined Attorney General Patrick Morrisey to announce that the state and six local governments reached a $101.35 million settlement with 11 asphalt and paving companies – the largest single-state antitrust settlement in West Virginia’s history.
Read MoreArcosa 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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