MDU Resources’ construction materials segment down slightly
MDU Resources released its third-quarter report, which showed earnings from continuing operations of $89.6 million compared with third-quarter 2016 earnings of $88.2 million.
In addition, for the first nine months ending Sept. 30, MDU Resources reported earnings from continuing operations of $168.8 million, which compares with $166 million for the same time period last year.
MDU Resources’ construction materials segment earned $63.2 million in the third quarter, compared with $69.5 million in third quarter of 2016. Lower asphalt product margins resulting from lower volumes and lower construction margins were partially offset by higher aggregate margins primarily due to higher sales volumes, the company says. Weather-related delays and lower workloads in energy-production states also contributed to the decrease in the company’s aggregate materials segment.
“Construction materials had a solid quarter, although down from last year’s record results,” says David Goodin, president and CEO of MDU Resources.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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