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Caterpillar First-Quarter Profit up 426 Percent

Caterpillar exceeded all expectations with a first-quarter 2011 profit of $1.225 billion compared with a profit of $233 million in the first quarter of 2010. That is an improvement of 426 percent. The increase was primarily a result of significantly higher sales volume. Price realization was favorable, but the impact was more than offset by higher manufacturing, selling, general and administrative and research and development expenses. In addition, $90 million of the improvement was due to the absence of a tax charge from the first quarter of 2010 related to enactment of U.S. health care legislation.

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TRIP Releases Missouri Report

A new report finds that additional transportation funding has allowed Missouri to accelerate bridge repair and replacement, pavement improvements, and safety upgrades. However, deficiencies remain on Missouri’s surface transportation system and recent gains could be lost without continued support for transportation maintenance, improvement and expansion.

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U.S. Demand For Green Building Materials to Exceed $71 Billion in 2015

Demand for green building materials is projected to expand 13 percent annually to $71.1 billion in 2015, slightly outpacing the growth of building construction expenditures over that period as green materials continue to account for an increasing share of materials used.

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MDU Resources Reports Improved First Quarter

MDU Resources Group Inc. reported first quarter consolidated earnings of $42.8 million, or 23 cents per common share, compared to $41.6 million, or 22 cents per common share for the first quarter of 2010.

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Martin Marietta Materials Touts Stability With First Quarter Results

Martin Marietta Materials reported its net sales increased to $306.2 million compared with $295.6 million a year ago. Loss per diluted share was $0.39 compared with loss per diluted share of $0.54 a year ago. The company noted that increased diesel costs negatively affected earnings by $0.05 per diluted share. Heritage aggregates product line pricing was up 0.4 percent, although volume was down 1.2 percent.

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