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Summit Materials Sees Double-Digit Increases in Third Quarter

Summit Materials Inc. announced results for the third quarter 2017. Operating income increased by 28.8 percent to $113.9 million in the third quarter 2017, versus $88.4 million in the prior year period. For the three months ended Sept. 30, 2017, the company reported diluted net income per share of $0.72 on net income of $79.1 million, compared to diluted earnings per share of $0.60 on net income of $44.8 million in the prior year period. 

Read more: Summit Materials Sees Double-Digit Increases in Third Quarter

Construction Jobs On The Rise

Thirty-five states and the District of Columbia added construction jobs between September 2016 and September 2017, while 26 states added construction jobs between August and September as some state employment levels were impacted by recent hurricanes, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that construction employment in many parts of the country would have been higher if more qualified workers were available.

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NSSGA: Tell EPA That WOTUS Needs Clear Exemptions

The U.S. Environmental Protection Agency (EPA) is accepting comments on what a new Waters of the U.S. (WOTUS) Rule should include. The National Stone, Sand and Gravel Association (NSSGA) has long fought the 2015 rule that would have allowed the federal government to regulate dry areas. 

Read more: NSSGA: Tell EPA That WOTUS Needs Clear Exemptions

Trinity Industries' Aggregates Business Dips

Trinity Industries, Inc. reported net income attributable to Trinity stockholders of $66.9 million, or $0.43 per common diluted share, for the third quarter ended Sept. 30, 2017. Net income for the same quarter of 2016 was $84.2 million, or $0.55 per common diluted share. Revenues for the third quarter of 2017 totaled $973.6 million compared to revenues of $1.1 billion for the same quarter of 2016.

Read more: Trinity Industries' Aggregates Business Dips

Hurricanes Push Down Housing Production in September

Nationwide housing starts fell 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

Read more: Hurricanes Push Down Housing Production in September