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Construction Spending Dips in June; Highways Up Year-to-Date

The U.S. Census Bureau announced that construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1 percent (±1.0 percent) below the revised May estimate of $1,332.2 billion. The June figure is 6.1 percent (±1.6 percent) above the June 2017estimate of $1,241.3 billion. 

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MDU Resources Group Sees Construction Materials Growth

MDU Resources Group Inc. reported second quarter earnings from continuing operations of $44.1 million, or 22 cents per share, compared to second quarter 2017 earnings from continuing operations of $43.8 million, or 22 cents per share. Including discontinued operations, MDU Resources reported second quarter earnings of $43.8 million, or 22 cents per share, compared to $40.6 million, or 21 cents per share, in 2017.

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Summit Materials Aggregates Revenues Rise in Second Quarter

Summit Materials Inc. announced results for the second quarter 2018. For the three months ended June 30, the company reported basic earnings per share of $0.32 on net income attributable to Summit Inc. of $35.5 million, compared to basic earnings per share of $0.46 on net income attributable to Summit Inc. of $50.0 million in the prior-year period. 

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National Parks Infrastructure Efforts in Spotlight

Highlighting the need to repair and rebuild our parks, U.S. Secretary of the Interior Ryan Zinke spoke at a bipartisan event at the Belmont-Paul Women’s Equality National Monument in Washington, D.C. The focus of the event was on fixing and preserving national park infrastructure and the $11.6 billion maintenance backlog currently facing our nation’s 417 national parks. 

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Eagle Soars to Record Revenue in Latest Quarter

Eagle Materials Inc. reported financial results for the first quarter of its fiscal 2019 ended June 30. Notable items for the quarter are:

Read more: Eagle Soars to Record Revenue in Latest Quarter