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Vulcan Reports Strong Double-Digit Growth

Vulcan Materials Co. announced results for the quarter ended Dec. 31, 2019. Higher segment earnings in Aggregates and Asphalt helped drive 15% year-over-year growth in the company's fourth quarter earnings from continuing operations.

Read more: Vulcan Reports Strong Double-Digit Growth

Construction Starts Lower in January; Highways Up

Total construction starts slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion, according to Dodge Data & Analytics. All three major categories moved lower in January – residential building starts fell 8%, nonresidential building lost 6%, and nonbuilding starts moved 2% lower.

Read more: Construction Starts Lower in January; Highways Up

CEMEX’s U.S. Business Up 8% in 2019

CEMEX, S.A.B. de C.V. announced that, on a like-to-like basis for ongoing operations and adjusting for currency fluctuations, consolidated net sales remained flat during the fourth quarter of 2019 at $3.3 billion and decreased 1% for the full-year 2019 to $13.1 billion versus the comparable periods in 2018. 

Read more: CEMEX’s U.S. Business Up 8% in 2019

Construction Spending Dives in December; Highways Up

Construction spending during December 2019 was estimated at a seasonally adjusted annual rate of $1,327.7 billion, 0.2% (± 0.8%) below the revised November estimate of $1,329.9 billion. The December figure is 5.0% (±1.3%) above the December 2018 estimate of $1,264.8 billion. The value of construction in 2019 was $1,303.5 billion, 0.3% (±1.0%) below the $1,307.2 billion spent in 2018.

Read more: Construction Spending Dives in December; Highways Up

Eagle Materials to Call Light Materials Spin-Off American Gypsum Co.

Eagle Materials will call its Light Materials business the American Gypsum Co. when it is spun-off in the summer of 2020. Dave Powers, former Eagle Materials chief executive officer, will become the chairman of American Gypsum. Craig Kesler, current chief financial officer of Eagle Materials, will become the president and CEO of American Gypsum.

Read more: Eagle Materials to Call Light Materials Spin-Off American Gypsum Co.