McLanahan Corp. has broken ground on the development of a new factory in Ardboe, Co. Tyrone, Northern Ireland, for Anaconda Equipment. The facility will cover 31,330 sq. ft. and will be home to a new paint shop, blast area and assembly area. The new facility will allow for an increase in production capacity by up to 30%.
Read MoreMonth: November 2021
Cat Event Features 972 Loader
Nov. 10, 2021 – I had the opportunity to attend Caterpillar’s annual Year-End Press Event in Peoria, Ill., where they featured the next-generation 972 front-end loader. The company stated that the machine offers significant fuel savings while lowering long-term costs. It features up to a 20% reduction in maintenance costs. It meets emission standards and is designed to improve fuel…
Read MoreGranite Reports Solid Third Quarter
Granite Construction announced results for the third quarter ended Sept. 30, reporting that net income increased to $35.0 million, or $0.73 per diluted share, compared to a net loss of $91.2 million, or $2.00 per diluted share, for the same period last year. The company also reported:
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 MoreArcosa Reports Record Revenues
Arcosa Inc. reported record third-quarter revenues of $559.1 million, up 14%; net income of $23.7 million; and adjusted net income of $27.8 million.
Read MoreMomentum Index Rises
The Dodge Momentum Index increased 10% in October to 181.2 (2000=100), from the revised September reading of 164.6. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In October, commercial planning rose 14% and institutional gained 3%.
Read MoreHouse Passes Historic Infrastructure Bill
The House of Representatives, late on Friday, Nov. 5, passed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), ending months of in-fighting and political intrigue over the issue. The tally on the infrastructure bill was 228-206, with only 13 Republicans supporting the measure. Six Democrats voted no as well.
Read MoreBKT Launches New Size for EARTHMAX SR 51 Tire
BKT launched a new size for its EARTHMAX SR 51 tire: 875/65 R 29 L-5.
Read MoreVulcan’s Hill Looks Forward
Nov. 4, 2021 – Tom Hill, chairman and chief executive officer of Vulcan Materials, was frank regarding the company’s current expectations for 2021. Hill, commenting on the heels of the company’s third-quarter report, said, “We are increasing our full-year Adjusted EBITDA range to reflect the earnings contribution of U.S. Concrete as well as the recent trends in demand, price and…
Read MoreVulcan Materials Reports Strong Third Quarter
Vulcan Materials Co. announced results for the quarter ended Sept. 30, reporting total revenues of $1.52 billion versus $1.31 billion in 2020.
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