The U.S. Geological Survey (USGS) released its updated “Top 100 Producers of Construction Sand and Gravel in the United States” list. According to USGS Commodity Specialist Jason Christopher Willett, the top 10 leading U.S. construction sand and gravel producing companies in 2021 were, in descending order of tonnage: CRH Americas Materials Inc.; Vulcan Materials Co.; Martin Marietta Materials Inc.; Lehigh…
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MDU Resources Names Nathan Ring CFO of Knife River Corp.
MDU Resources Group Inc. named Nathan W. Ring chief financial officer of the company’s wholly owned construction materials subsidiary, Knife River Corp. effective upon completion of the planned separation of Knife River. Ring currently is vice president of business development at Knife River. MDU Resources previously announced it expects its spinoff of Knife River into an independent, publicly traded company…
Read MoreMDU Resources Expects Second Quarter Spinoff of Knife River Corp.
MDU Resources Group Inc. submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corp. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. MDU Resources had announced on Aug. 4 its intent…
Read MoreMDU Resources Construction Materials Business Boasts Record Revenues
MDU Resources Group Inc. reported third-quarter earnings on a generally accepted accounting principles (GAAP) basis of $147.9 million, or 73 cents per share, with adjusted earnings of $152.0 million, or 75 cents per share, compared to third quarter 2021 GAAP earnings of $139.3 million, or 68 cents per share.
Read MoreMDU Resources Publishes 2021 Sustainability Report
MDU Resources has published its 2021 Sustainability Report. Some of the highlights outlined in the report include: Ceasing operations at all wholly owned coal-fired electric generation facilities, with more economical options available to supply energy to customers. This will further reduce the company’s greenhouse gas emissions intensity as it makes progress toward its target of a 45% reduction from owned…
Read MoreMDU Resources to Spin Off Knife River Corp.
MDU Resources Group Inc. announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corp., from the company.
Read MoreMDU Construction Materials Business Sees Record Revenues
MDU Resources Group Inc. reported first quarter earnings of $31.7 million, or 16 cents per share, compared to first quarter 2021 earnings of $52.1 million, or 26 cents per share. The construction materials business had a seasonal loss of $40.0 million in the first quarter, compared to a seasonal loss of $30.8 million in the first quarter of 2021. Although…
Read MoreHigher Costs, Labor Issues Impact MDU Resources 2021 Results
MDU Resources Group Inc. announced earnings of $378.1 million, or $1.87 per share, in 2021, compared to $390.2 million, or $1.95 per share, in 2020. In the fourth quarter, the company earned $86.5 million, or 42 cents per share, compared to $112.3 million, or 56 cents per share, in the fourth quarter of 2020.
Read MoreMarket Factors Contribute to Down Quarter for MDU
MDU Resources Group Inc. reported third-quarter earnings of $139.3 million, or 68 cents per share, compared to third-quarter 2020 earnings of $153.1 million, or 76 cents per share. For the nine months ended Sept. 30, MDU Resources earned $291.6 million, or $1.44 per share, compared to $277.9 million, or $1.39 per share, in 2020.
Read MoreMDU Resources Sees Strong Demand in Materials Business
MDU Resources Group Inc. reported second quarter earnings of $100.2 million, or 50 cents per share, compared to second quarter 2020 earnings of $99.7 million, or 50 cents per share. For the six months ended June 30, MDU Resources earned $152.3 million, or 76 cents per share, compared to $124.8 million, or 62 cents per share, in 2020.
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