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New Report Targets How to Shape U.S. Infrastructure Policy

A new report, How to Shape U.S. Infrastructure Policy, by the American Council for Capital Formation Center for Policy Research (ACCF-CPR) looks at the reasons for infrastructure investment and sets the stage for steps that are crucial for successful infrastructure projects. 

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Granite Construction Materials Revenue Up 12 Percent

Granite Construction Inc. reported net income of $69.1 million for the year ended Dec. 31, 2017 compared with net income of $57.1 million in the prior year. Diluted earnings per share (EPS) for the year was $1.71 compared to $1.42 per share in 2016.

Read more: Granite Construction Materials Revenue Up 12 Percent

Vulcan Materials Comes Up Big in Fourth Quarter 2017

Vulcan Materials Co. announced results for the fourth quarter ended Dec. 31, 2017. Total revenues increased $105 million, or 12 percent, to $977 million. Gross profit was $243 million versus $240 million in the prior year. Aggregates segment sales increased $56 million to $770 million and freight-adjusted revenues increased $45 million, or 8 percent, to $596 million. The company also closed its previously announced acquisition of Aggregates USA in the fourth quarter.

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Summit Materials Reports Strong Quarterly, Yearly Results

Summit Materials Inc. announced results for the fourth quarter and full-year 2017. For the three months ended Dec. 30, 2017, the company reported diluted net income per share of $0.38 on net income of $43.0 million, compared to a diluted loss per share of ($0.00) on a net loss of ($0.3) million in the prior year period. Operating income increased by 17.5 percent to $57.3 million in the fourth quarter 2017, versus $48.8 million in the prior-year period.

Read more: Summit Materials Reports Strong Quarterly, Yearly Results