Simonson Says Price Increases Continue

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…

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Martin 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…

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Peckham 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.

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MDU 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.

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