More than 37 million Americans face hunger each year and as the COVID-19 pandemic pushes an additional 17 million Americans into food insecurity, Komatsu’s North American business units are partnering with Feeding America, the nation’s largest domestic hunger-relief organization, to donate up to $250,000 to support the organization’s work. “The hunger crisis is growing quickly in the face of COVID-19,”…
Read MoreMonth: May 2020
Eagle Materials Reports Record Revenue
Eagle Materials Inc. reported financial results for fiscal year 2020 and the fiscal fourth quarter ended March 31. The company is reporting record revenue of $1.5 billion, up 4% for fiscal year 2020 and record revenue of $315.4 million in the fiscal fourth quarter, up 11%.
Read MoreHousing Starts Plummet; NAHB Says ‘Don’t Panic’
Reflecting the continued impact of the COVID-19 pandemic, total housing starts decreased 30.2% in April to a seasonally adjusted annual rate of 891,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department.
Read MoreFinal Hours-of-Service Rule Released by FMCSA
According to the National Stone, Sand and Gravel Association (NSSGA), the Federal Motor Carrier Safety Administration (FMCSA) released its final Hours-of-Service (HOS) rule for the trucking industry.
Read MoreMichael Quillen
Michael Quillen was awarded the Virginia Tech William H. Ruffner Medal for 2020. The Ruffner Medal is the university’s highest honor. Quillen, a resident of Bristol, Va., was recognized for his achievements during the spring 2020 University Commencement Ceremony. “Being named a Ruffner Medal recipient by Virginia Tech is one of the most significant recognitions I have ever received,” said…
Read MoreWajsgras Joins Martin Marietta Board
Martin Marietta Materials Inc. announced that a new independent director was elected to its board of directors at its Annual Meeting of Shareholders. David C. Wajsgras served as president of the Intelligence, Information and Services business of the former Raytheon Co., now part of Raytheon Technologies Corp. Previously, he served as Raytheon’s senior vice president and chief financial officer. Wajsgras…
Read MoreMetso Introduces Nordberg HP900 Cone Crusher
Metso is introducing the new Nordberg HP900 Series cone crusher for the aggregate and mining markets. The HP900 is built to bring increased performance and reduced CAPEX. The HP900 is an upgrade to the well-known HP800 cone crusher that has more than 175 installations. Approximately 80% of the parts are compatible between the two technologies. The HP900 comes with improved…
Read MoreSource Energy Addresses Turmoil in the Oil and Gas Industry
Source Energy Services Ltd. reported preliminary results for the three months ended March 31. For the first quarter, Source achieved quarterly volumes of 762,322 metric tons and revenue between CAD$93 million and CAD$98 million for the quarter.
Read MoreSmart Sand Announces First Quarter Results
Smart Sand Inc. announced results for the first quarter 2020. Revenues were $47.5 million in the first quarter of 2020, flat compared to fourth quarter of 2019 revenues of $47.7 million and a decrease of 8% compared to first quarter of 2019 revenues of $51.8 million.
Read MoreHalliburton Addresses COVID-19, Quarterly Results
Halliburton Co. announced a net loss of $1.0 billion, or $1.16 per diluted share, for the first quarter of 2020. This compares to net income for the first quarter of 2019 of $152 million, or $0.17 per diluted share. Adjusted net income for the first quarter of 2020, excluding impairments and other charges and a loss on the early extinguishment…
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