Granite Construction Inc. announced results for the fourth quarter and year ended Dec. 31, 2022. Fourth quarter 2022 net income totaled $22 million, or $0.46 per diluted share, compared to a net loss of $13 million, or $0.29 per diluted share, in the same period of the prior year. Fourth quarter 2022 adjusted net income totaled $25 million, or $0.56 per diluted…
Read MoreDay: February 17, 2023
MDU Resources Names Knife River Executive Team
MDU Resources Group Inc.’s board of directors has selected the management team who will lead Knife River Corp., the company’s construction materials subsidiary, effective upon completion of the anticipated separation of Knife River into an independent, publicly traded company. MDU Resources expects to complete the spinoff in the second quarter. Additionally, the board has named Knife River President Brian R. Gray…
Read MoreJanuary Housing Starts Decrease 4.5%
Although rising builder sentiment indicates a turning point for housing later this year, lackluster single-family production in January is a sign that the housing sector faces further challenges, as elevated mortgage rates and high construction costs continue to put a damper on the market. Overall housing starts decreased 4.5% to a seasonally adjusted annual rate of 1.31 million units, according…
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