Eagle Materials Inc. reported financial results for the third quarter of fiscal 2016 ended Dec. 31, 2015. The company is reporting:
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Caterpillar Looks for Market Rebound
Caterpillar Inc. announced 2015 fourth-quarter sales and revenues of $11.0 billion, down from $14.2 billion in the fourth quarter of 2014. Sales and revenues for full-year 2015 were nearly 15 percent lower than 2014 and 29 percent off the 2012 peak. The two most significant reasons for the decline from 2014 were weakening economic growth and substantially lower commodity prices, according…
Read MoreNonmetallic Mineral Products Index Stays Strong
The nonmetallic mineral products industry-leading index increased 0.1 percent to 253.3 in December from a revised 253.0 in November; however, its 6-month smoothed growth rate decreased to 7.5 percent from a revised 8.1 percent in November, according to the U.S. Geological Survey.
Read MoreCommentary: The Aggregates Industry In 2016
John Vyskocil, vice president of business development at Aligned Equity Partners and Turn-Key Processing Solutions, offers this take on the aggregates industry in 2016:
Read More2015 New-Home Sales Reach Eight-Year High
Sales of newly built, single-family homes rose 14.5 percent to 501,000 units in 2015, the highest level since 2007, according to newly released data from HUD and the U.S. Census Bureau. Meanwhile, sales in December increased 10.8 percent to a seasonally adjusted annual rate of 544,000 from an upwardly revised November reading.
Read MoreMcLanahan Wet Processing School a Success
McLanahan Corp. hosted its first Wet Processing School Jan. 27-28, 2016, at the Blair County Convention Center in Altoona, Pa. More than 100 producer attendees, and a number of dealers had the opportunity to attend general and breakout sessions focusing on everything from basic washing and classifying systems to more complex plants and water-management. Sessions on hydrosizers, sand tanks and screws,…
Read MoreFAST Act Analysis Confirms Gains for Aggregate Demand
In an analysis commissioned by the National Stone, Sand & Gravel Association (NSSGA), potential increases in aggregates production are suggested through the five years of the Fixing America’s Surface Transportation (FAST) Act.
Read MorePolaris Foresees Strong 2016 Performance
Polaris Materials Corp. reports that shipments from its Orca Quarry for the 12 months ended Dec. 31, 2015, were 3.02 million tons, a decrease of approximately 12.5 percent versus 2014, reflecting the impact of previously reported supply disruptions in the second and third quarters of 2015.
Read MoreConstruction Starts Climb 8 Percent in 2015
For 2015 as a whole, total construction starts climbed 8 percent to $645.5 billion, according to Dodge Data & Analytics. This continues the pattern of moderate expansion for total construction starts registered during the previous three years – 2012, up 12 percent; 2013, up 11 percent; and 2014, up 9 percent.
Read MoreNew Construction Starts Rise in December
New construction starts in December advanced 4 percent to a seasonally adjusted annual rate of $591.6 billion, according to Dodge Data & Analytics. The December gain follows a 5 percent decline in November and brings total construction activity back close to the amount that was reported in October.
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