Terex Corp. announced income from continuing operations of $87.8 million, or $0.76 per share, for the second quarter of 2014. This compared to income from continuing operations of $20.4 million, or $0.17 per share, for the second quarter of 2013. Excluding the impact of certain items totaling $54.4 million, or $0.47 per share, income from continuing operations as adjusted in…
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June Construction Dips; But Higher Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during June 2014 was estimated at a seasonally adjusted annual rate of $950.2 billion, 1.8 percent (±1.8 percent) below the revised May estimate of $967.8 billion.
Read MoreTemporary Funding Measure Passes
Congress passed temporary funding to continue road, highway and bridge construction, but once again punted on a multiyear reauthorization that includes a sustainable funding mechanism, according to the National Stone, Sand and Gravel Association.
Read MoreMartin Marietta Reports Record Second Quarter Sales
Martin Marietta Materials Inc. reported results for the second quarter ended June 30, 2014. The company is reporting record consolidated net sales of $601.9 million compared with $507.3 million versus last year’s second quarter.
Read MoreEagle Materials Aggregates Revenue Rises
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2015 ended June 30, 2014. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year’s first quarter):
Read MoreOntario to Invest $130 Billion in Infrastructure
Ontario is moving forward with its plan to build opportunity and security for the future. The 2014 Ontario Budget tabled by Minister of Finance Charles Sousa takes immediate action to create jobs by investing in a highly skilled workforce, building modern infrastructure and transportation networks, and supporting a dynamic and innovative business climate.
Read MoreConstruction Adds Jobs in June; Nonresidential Sluggish
The U.S. construction industry added 6,000 jobs in June, according to the Bureau of Labor Statistics (BLS) July 3 report; however, nonresidential construction added only 700 of those jobs and the heavy and civil engineering sector lost 700 jobs.
Read MoreLafarge Slag Cement Used at One World Trade Center
Taking advantage of innovative construction materials, the 104-story, 1,776-ft. One World Trade Center tower is designed to be the safest and most environmentally friendly commercial building in the world, according to Lafarge.
Read MoreNonmetallic Mineral Products Index Increases
The nonmetallic mineral products leading index increased 1.0 percent to 238.1 in June from a revised 235.7 in May, and its six-month smoothed growth rate increased to 5.4 percent from a revised 4.0 percent in May, according to USGS.
Read MoreJune Construction Jumps 6 Percent
New construction starts in June advanced 6 percent to a seasonally adjusted annual rate of $549.7 billion, the highest level so far in 2014, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building strengthened after pulling back in May, with the lift coming from the start of several large manufacturing plant projects. Modest gains in June…
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