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Granite Says Financial Drivers Healthy, Stable

Granite Construction Inc. provided an update regarding the company’s operations and the impacts of the COVID-19 pandemic along with first quarter 2020 preliminary select financial information.

Read more: Granite Says Financial Drivers Healthy, Stable

Dodge Momentum Index Trips on COVID-19 in April

The Dodge Momentum Index moved 6.0% lower in April to 135.9 (2000=100) from the revised March reading of 144.5. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of the Momentum Index pulled back during the month – the commercial component fell 7.6%, while the institutional component dropped 3.2%.

Read more: Dodge Momentum Index Trips on COVID-19 in April

Vulcan Revenues Top $1 Billion in First Quarter; Aggregates Sales Up

Vulcan Materials Co. reported first-quarter total revenue of $1.05 billion, versus $996.5 million for the same period in 2019. First quarter Aggregates segment sales increased 4%, and gross profit increased 5% to $194 million, or $4.31 per ton. These improvements resulted from growth in shipments in certain key markets and wide-spread growth in pricing, the company stated.

Read more: Vulcan Revenues Top $1 Billion in First Quarter; Aggregates Sales Up

GCCA Releases New Industry Biodiversity Guidelines

The Global Cement and Concrete Association (GCCA) has published new guidelines aimed at further improving the biodiversity performance of the industry’s quarries. The guidelines support the association’s Sustainability Charter implementation and represent a collaborative effort by member companies to improve overall performance in biodiversity management and quarry rehabilitation. 

Read more: GCCA Releases New Industry Biodiversity Guidelines

March Construction Spending Holds Steady

The U.S. Census Bureau reported that construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9% (±0.8%) above the revised February estimate of $1,348.4 billion. The March figure is 4.7% (±1.3%) above the March 2019 estimate of $1,299.1 billion. 

Read more: March Construction Spending Holds Steady