MDU Resources Construction Materials Business Boasts Record Revenues

MDU Resources Group Inc. reported third-quarter earnings on a generally accepted accounting principles (GAAP) basis of $147.9 million, or 73 cents per share, with adjusted earnings of $152.0 million, or 75 cents per share, compared to third quarter 2021 GAAP earnings of $139.3 million, or 68 cents per share.

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Heidelberg Materials Weathers High Energy Costs

Heidelberg Materials reported that revenue in the third quarter increased by 13% to €15.8 billion (+12% on a like-for-like basis.) Excluding consolidation and exchange rate effects, the rise amounted to 12.3%. In particular, price increases in all group areas contributed to the revenue growth. Changes to the scope of consolidation of €622 million had a negative effect on revenue, while exchange rate…

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Vulcan’s Hill Look Ahead

Aug. 4. 2022 – In its just-released second-quarter report Vulcan Materials’ Chairman and Chief Executive Officer Tom Hill looked into his crystal ball, noting, “We are updating our full-year Adjusted EBITDA guidance range to reflect the considerable pricing momentum in our aggregates business as well as higher than expected energy-related cost inflation that is currently impacting each of our segments. Additionally, our…

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