Vulcan Materials Co. announced results for the second quarter ended June 30, 2017. Total revenues increased $74 million, or 8 percent, to $1.03 billion. Gross profit was $292 million, in line with the prior year. Net earnings were $120 million and Adjusted EBITDA was $288 million.
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Caterpillar Financial Picture Strengthens in Q2
Caterpillar Inc. announced second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an equity investment in IronPlanet, second-quarter 2017 adjusted profit per share…
Read MoreDe Beers Canada’s Snap Lake Mine to Auction Equipment
De Beers Canada’s Snap Lake Mine in Yellowknife, NWT, Canada, will sell and auction a variety of equipment assets, including mining equipment, construction equipment and new inventory such as tires, wires and cables, transformers, substations and underground mining consumables.
Read MoreSingle-Family Housing Starts Bounce Back in June
Nationwide housing starts rose 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 6.3 percent to a seasonally adjusted annual rate of 849,000 units from a below-trend May reading of 799,000, while multifamily starts…
Read MorePolaris Materials Addresses First-Half Progress
Polaris Materials Corp. reported preliminary sales volumes for the quarter ended June 30, 2017, increased its full-year sales expectations; and announced the addition of new quarry and logistics management personnel.
Read MoreVolvo Celebrates 75,000th Articulated Hauler
More than half a century after it invented the concept, Volvo Construction Equipment recently celebrated the production of the 75,000th articulated hauler. Having produced more than half of the articulated haulers ever made, a staggering 50,000 Volvo haulers are still in regular use around the world. The 75,000th machine – one of the new generation A45G full-suspension models – rolled…
Read MoreConstruction Sector Adds 16,000 Jobs in June
Construction employment increased by 16,000 jobs in June to the highest level since October 2008, signaling a new burst of hiring after three months of pause, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged federal, state and local lawmakers to enact measures to make it easier for school officials, local…
Read MoreCemex Finalizes 10-Year Port Lease in California
The Redwood City, Calif., Port Commission approved a new 10-year lease for Cemex Aggregates with an option to extend the lease for another decade on an 8.2 acres marine terminal, according to The Daily Journal.
Read MoreNew Home Sales Rise 2.9 Percent in May
Sales of newly built, single-family homes in May rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreNew Study Quantifies Economic Impact of Aggregates Industry
To better understand the effect of the U.S. aggregates industry on the economy and jobs, the Phoenix Center released a new economic “Scorecard” entitled “The Economic Impact of the Natural Aggregates Industry: A National, State, and County Analysis.”
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