Eagle Materials Inc. announced financial results for the first quarter of fiscal 2017 ended June 30, 2016. The company reported record revenues of $297.5 million, up 4 percent; earnings before interest and income taxes of $71.2 million, up 18 percent; net earnings of $45.3 million, up 20 percent; and net earnings per diluted share of $0.93, up 24 percent.
Read MoreDay: August 3, 2016
Cement Union Official, Attorney Found Guilty of Whistle-Blower Retaliation
A ruling in a whistle-blower lawsuit brought by the U.S. Labor Department found that the leader of a southern California cement workers union and an attorney for the organization’s trust funds retaliated against two employees who questioned the labor official’s financial practices, reported the Los Angeles Times. The federal court ordered Scott Brain, who heads the Cement Masons Union Local…
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