MDU Resources Group (MDU) Tops Q2 EPS by 3c
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Record Second Quarter Earnings at Construction Materials Business Leads MDU Resources' Results
August 2, 2016 5:30 PM EDTBISMARCK, ND -- (Marketwired) -- 08/02/16 --
Construction materials has record second quarter earnings of $33.7 million, up 67 percent driven by higher margins and 9 percent revenue growth due to higher product volumes and construction workloads.Construction services backlog up 18 percent to $508 million.Pipeline and midstream segment earnings increase with 139 percent rise in natural gas storage volumes.Electric utility earnings up 36 percent, driven by regulatory rate relief; natural gas... More