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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

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

U.S. Concrete Announces Retirement of William J. Sandbrook

U.S. Concrete Inc. announced that William J. Sandbrook has notified the company's board of directors of his decision to retire as chief executive officer effective April 3, 2020. Sandbrook will continue to serve as the company's chairman of the board until the company's annual meeting of stockholders in May 2020.

Read more: U.S. Concrete Announces Retirement of William J. Sandbrook

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.

Martin Marietta Reports Most Profitable Year in Its History

Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2019. Fourth quarter 2019 revenues were $1,100,430, up from $1,020,218 in the fourth quarter of 2018. Full-year 2019 revenues were $4,739,098, up from $4,244,265 in 2018.

Read more: Martin Marietta Reports Most Profitable Year in Its History