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Construction Spending Dips in September; Highways Rise

The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent (±1.3 percent) below the revised August estimate of $1,154.4 billion. The September figure is 0.2 percent (±1.8 percent) below the September 2015 estimate of $1,152.1 billion. 

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Summit Materials Expands Aggregates Sales Volume

Summit Materials Inc. announced results for the third quarter of 2016. For the three months ended Oct. 1, 2016, the company generated adjusted net income of $73.5 million, an increase of more than 15 percent when compared to the prior year period.

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Demand Rises for United States Lime & Minerals Products

United States Lime & Minerals Inc. reported third quarter 2016 results. Revenues in the third quarter 2016 were $38.7 million, compared to $37.0 million in the comparable 2015 quarter, an increase of $1.6 million, or 4.4 percent.

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Nonmetallic Mineral Products Index Increases

The nonmetallic mineral products industry leading index increased to 251.5 in September from a revised 250.5 in August, its six-month smoothed growth rate increased to 1.2 percent in September from a revised 0.7 percent in August.

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Martin Marietta Scores Record Sales, Profits and Earnings

Martin Marietta Materials Inc. reported results for the third quarter ended Sept. 30, 2016. The company set new records for consolidated net sales, gross profit and net earnings, even as aggregates product line shipments to the infrastructure market, which comprised 42 percent of quarterly volumes, decreased 7.2 percent. Infrastructure shipments in the third quarter were impacted by significant rainfall and project start-up delays, primarily in Texas, which deferred shipments and led to reduced public-sector volumes.

Read more: Martin Marietta Scores Record Sales, Profits and Earnings