Construction Is Booming. Rock Giant CRH Beat Earnings Estimates.

U.S. construction is beginning to boom amid efforts to restore manufacturing, bringing car, chip, and renewable-energy production back to the U.S.

Sales in the company’s U.S. aggregates and road-construction businesses grew 9% year over year, boosted by 15% higher prices for aggregates, or rocks used in concrete and construction. Sales in the U.S. building solutions businesses grew 21% year over year benefiting “from increased demand and robust public funding in the telecommunications, water, and energy utility markets.”

There doesn’t appear to be much to complain about. Still, shares are down 3.3% in premarket trading, while S&P 500 and Nasdaq Composite futures are up 0.5% and 1.2%, respectively.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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