Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…
Read MoreTag: Construction materials
MDU Resources Doubles First Quarter Earnings
MDU Resources Group Inc. reported first quarter earnings of $52.1 million, or 26 cents per share, compared to first quarter 2020 earnings of $25.1 million, or 13 cents per share.
Read MoreMartin Marietta Sees Good Year Ahead
May 5, 2021 – Martin Marietta Materials Inc. reported results for the first quarter ended March 31. Total revenues were $982.4 million versus $958.2 million in the first quarter of 2020. Looking ahead, Martin Marietta remains confident that favorable pricing dynamics will continue, supported by the company’s locally-driven pricing strategy. Additionally, the company anticipates single-family housing growth, expanded infrastructure investment and notable heavy…
Read MoreVulcan Aggregates Business Rises in First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. First-quarter total revenues were $1.068 billion, versus $1.049 billion in the first quarter of 2020. Net earnings were $161 million. Trailing 12-month totals were $4.876 billion versus $4.982 billion.
Read MoreNew Enterprise Acquires Hempt Bros.
New Enterprise Stone & Lime Co. Inc. (NESL) has acquired all the outstanding stock of Hempt Bros. Inc. The strategic acquisition consists of three aggregate plants, four hot mix asphalt plants, two ready mixed concrete plants, paving and heavy highway construction in the Harrisburg, Pa., area.
Read MoreDolese Hires Simms as CFO
Dolese Bros. Co. announced the addition of Edmond, Okla., native Pete Simms to its team as chief financial officer (CFO).
Read MoreGranite Construction’s Materials Segment Revenue Rises
Granite Construction announced results for the fourth quarter and year ended Dec. 31, 2020. Fiscal year 2020 net loss totaled $145.1 million, or $3.18 per diluted share, compared to a net loss of $60.2 million, or $1.29 per diluted share, in the prior year.
Read MorePeckham Industries Names Murphy CEO
Peckham Industries Inc.’s board of directors named Damian Murphy as the company’s new chief executive officer, effective April 12, 2021. He will also serve as a member of the company’s board of directors. Murphy has more than 25 years of experience in the construction materials sector, working with both public and privately held companies.
Read MoreMDU Resources Achieves Record Construction Materials Revenue
MDU Resources Group Inc. announced that earnings increased 16% in 2020 to $390.2 million, or $1.95 per share, compared to 2019 earnings of $335.5 million, or $1.69 per share. In the fourth quarter, the company’s earnings were $112.3 million, or 56 cents per share, compared to $95.1 million, or 47 cents per share, in 2019.
Read MorePeckham Touts Safety in New Video
Peckham Industries has developed a new video showing that the motto “Safety never takes a day off” is more than a slogan; it’s the way the company conducts every facet of its business.
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