Earnings increased in the tools business, reflecting strength in nonresidential construction markets.
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SMB's products are primarily used in nonresidential and infrastructure construction in North America.
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Companies with heavy exposure to nonresidential construction still feel a drag on earnings.
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There were also upward revisions to spending on nonresidential structures and government expenditure.
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Spending on nonresidential structures such as mining exploration, shafts and wells also tanked.
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That helped to offset a continued slump in nonresidential construction in their home markets.
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February marked the third month that CenterPoint showed nonresidential sales lagging the year-earlier month.
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WWR is produced as an engineered reinforcing product for use in nonresidential and residential construction.
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Also cut were consensus estimates of 2008 growth in corporate profits and nonresidential fixed investments.
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Its products are sold primarily to manufacturers of concrete products that are used in nonresidential construction.
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Spending on nonresidential structures contracted in 2019 by the most since 2016.
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Although roughly a third of its business goes into the depressed nonresidential construction sector, Reliance sees demand improving overall.
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Weak investment in home building and nonresidential structures was expected to again subtract from growth in the fourth quarter.
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Smaller declines in manufacturing and utilities were offset by gains in mining, wholesale trade and nonresidential construction, Statscan said.
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And commercial mortgage-backed securities-thefinancial instruments that indirectly fund most nonresidential real estate construction-couldnot be sold at all.
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In 2010, the country added an estimated 480 MW of solar at nonresidential sites.