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Eagle Materials Reports Strong First Quarter

Eagle Materials Inc. reported financial results for the first quarter of fiscal 2018 ended June 30, 2017. The company is reporting record revenues of $366.1 million, up 23 percent.

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Construction Material Prices Building Up Construction Costs

Construction costs rose again in July, according to IHS Markit and the Procurement Executives Group (PEG). The headline IHS Markit PEG Engineering and Construction Cost Index registered 51.3, down from 51.5 in June. Both material/equipment and labor had few categories with falling prices. While the material/equipment sub-index rose, the labor sub-index showed some weakness.

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Senate Committee Votes to Save, Increase TIGER Grants

According to a report in The Hiil, a Senate panel has rejected President Trump’s effort to eliminate Obama-era transportation grants, instead opting to provide a funding boost for the program.

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Cemex Second Quarter Net Income Spikes Higher

Cemex, S.A.B. de C.V. announced that consolidated net sales reached $3.6 billion during the second quarter of 2017, an increase of 2 percent on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2016. 

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