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Martin Marietta Materials Inc   (MLM)
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Price: $596.7600 $0.49 0.082%
Day's High: $602.44 Week Perf: -1.06 %
Day's Low: $ 598.62 30 Day Perf: 11.41 %
Volume (M): 7 52 Wk High: $ 617.08
Volume (M$): $ 4,180 52 Wk Avg: $448.34
Open: $599.41 52 Wk Low: $321.80



 Market Capitalization (Millions $) 36,999
 Shares Outstanding (Millions) 62
 Employees 10,000
 Revenues (TTM) (Millions $) 6,645
 Net Income (TTM) (Millions $) 1,071
 Cash Flow (TTM) (Millions $) 512
 Capital Exp. (TTM) (Millions $) 637

Martin Marietta Materials Inc

Martin Marietta Materials, Inc. is a leading supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications. The Company’s Aggregates business consists primarily of mining, processing, and selling granite, limestone, sand and gravel. The Aggregates business also includes aggregates-related downstream product lines (including its heavy building materials such as asphalt products, ready mixed concrete, and road paving construction services). The Company is also a leading supplier of cement, ready mixed concrete, and asphalt and paving services in some regions where being able to supply a full range of products is important for customer service. The Company’s Cement business produces Portland and specialty cements. The Company also has a Magnesia Specialties business that manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications, and dolomitic lime sold primarily to customers in the steel industry.

The Company was formed in 1993 as a North Carolina corporation to serve as successor to the operations of the materials group of the organization that is now Lockheed Martin Corporation. An initial public offering of a portion of the Company’s Common Stock was completed in 1994, followed by a tax-free exchange transaction in 1996 that resulted in 100% of the Company’s Common Stock being publicly traded.
The Company completed over 85 smaller acquisitions from the time of its initial public offering until the present, which allowed the Company to enhance and expand its presence in the aggregates marketplace. This included an exchange of certain assets in 2011 with Lafarge North America Inc. (“Lafarge”), pursuant to which it received aggregates quarry sites, ready mixed concrete and asphalt plants, and a road paving business in and around the metropolitan Denver, Colorado, and the I-25 corridor, in exchange for which Lafarge received properties consisting of quarries, an asphalt plant and distribution yards operated by the Company along the Mississippi River (called the Company’s “River District Operations”) and a cash payment. The Company uses its ability to distribute materials over long distances by rail and water to further expand its operations.

In addition to the Cement business, the Company acquired as part of the TXI acquisition nine quarries and six aggregates distribution terminals located in Texas, Louisiana and Oklahoma. The Company also acquired approximately 120 ready mixed concrete plants, situated primarily in three areas of Texas (the Dallas/Fort Worth/Denton area of north Texas; the Austin area of central Texas; and from Beaumont to Texarkana in east Texas), in north and central Louisiana and in Southwestern Arkansas. As part of an agreement with the United States Department of Justice’s review of the transaction, the Company divested of its North Troy Quarry in Oklahoma and two related rail distribution yards in Dallas and Frisco, Texas.


TXI was also a cement producer in California. In 2015, the Company divested its California cement business acquired from TXI. These operations were not in close proximity to other core assets of the Company and, unlike other marketplace competitors, were not vertically integrated with ready mixed concrete production. The divestiture primarily included a cement plant, two distribution terminals, mobile equipment, intangible assets and inventory. The Company also completed the integration of the TXI operations in 2015, and completed three smaller acquisitions, which included three aggregates operations and related assets.


In 2016, the Company acquired aggregates, ready mixed concrete and asphalt and paving operations in southern Colorado that provided more than 500 million tons of mineral reserves and expanded the Company’s presence along the Front Range of the Rocky Mountains, home to 80% of Colorado’s population. The Company also acquired the remaining interest it had not previously owned in a ready mixed concrete company that serves the I-35 corridor in central Texas between Dallas and Austin, which enhanced the Company’s position and provided additional vertical integration benefits with the Company’s Cement business.


Between 2001 and 2016, the Company disposed of or idled a number of underperforming operations, including aggregates, ready mixed concrete, trucking, and asphalt and road paving operations of its Aggregates business and the refractories business of its Magnesia Specialties business. In some of its divestitures, the Company concurrently entered into supply agreements to provide aggregates at market rates to certain of these divested businesses. During 2015, the Company disposed of certain non-core asphalt operations in San Antonio, Texas and divested its California cement operations of its Cement business. The Company will continue to evaluate opportunities to divest underperforming assets, if appropriate, during 2017 in an effort to redeploy capital for other opportunities.

The Company conducts its Aggregates business through three reportable segments: the Mid-America Group, Southeast Group and West Group. The Company’s Cement business is reported through the Cement segment. The Company also has the Magnesia Specialties segment, which includes its magnesia-based chemicals and dolomitic lime businesses.

 



   Company Address: 4123 Parklake Avenue Raleigh 27612 NC
   Company Phone Number: 781-4550   Stock Exchange / Ticker: NYSE MLM
    Next quarterly dividend pay out on March 28, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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EXP   -1.8%    
MDU   -3.14%    
SUM   -2.21%    
USLM        1.03% 
VMC   -0.06%    
GVA        0.2% 
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Dividend

Martin Marietta Materials Announces Quarterly Cash Dividend Amidst Growing Success

Published Thu, Feb 22 2024 7:55 PM UTC



Raleigh, N.C., February 22, 2024 - In a strategic move to reward shareholders and highlight its continued growth, Martin Marietta Materials, Inc. (NYSE: MLM) declares a regular quarterly cash dividend of $0.74 per share on the Company's outstanding common stock. With strong financial performance and a positive industry outlook, this dividend represents a cash divid...

Merger and Acquisition

Martin Marietta Expands Presence with Acquisition of Albert Frei & Sons, Ensuring Optimal Supply for Growing Construction Industry

Published Tue, Jan 16 2024 11:58 AM UTC

Martin Marietta Materials, Inc. (Martin Marietta), a prominent player in the aggregates and heavy building materials industry, has recently completed the acquisition of Albert Frei & Sons, Inc. (AFS), a leading aggregates producer in Colorado. This strategic move aims to enhance Martin Marietta's capabilities by providing them with over 60 years of high-quality, hard rock re...

Dividend

Martin Marietta Materials Inc: Steady Growth, Dividend Rewards, and Promising Prospects

Published Fri, Nov 10 2023 2:45 AM UTC



Martin Marietta Materials, Inc. (NYSE: MLM) recently declared its regular quarterly cash dividend of $0.74 per share, showcasing the company's commitment to delivering value to its shareholders. This announcement comes as Martin Marietta continues to exhibit strong performance in the stock market, with an increase of 1.84% in its share price over the past five trad...

Martin Marietta Materials Inc

Martin Marietta Materials Inc Boasts Strong EPS Growth and Double-Digit Revenue Surge in Q3 2023

The stock market has always been a fascinating hub of activity, with investors constantly seeking out opportunities to grow their wealth. And when it comes to Martin Marietta Materials Inc (MLM), the latest figures indicate that it's a company worth paying attention to.
From July to September 30, 2023, MLM saw an impressive 42.07% increase in profit per share, reaching $6.72 per share. This was accompanied by a revenue boost of 10.062%, reaching an impressive $1.99 billion. These numbers clearly demonstrate MLM's ability to outperform its peers in the Construction Raw Materials industry, with a top-line growth that surpasses that of the majority of competitors.

Martin Marietta Materials Inc

MLM Records Remarkable Revenue Jump Disregarding the Slight Dip in Q2 2023 Profits

The stock market has seen its fair share of ups and downs, but in the midst of it all, there are always companies that manage to find their stride and come out on top. One such company is Martin Marietta Materials Inc, which has recently experienced a reduction in earnings per share (EPS), but has countered it with impressive revenue growth.
In the financial period ending June 30, 2023, Martin Marietta Materials Inc's profits decreased by -4.27% to $5.61 per share. However, the company's revenue increased significantly by 10.909% to $1.82 billion from the same reporting period a year prior. This is no small feat and shows that the company is making smart business decisions to drive revenue growth.






 

Martin Marietta Materials Inc's Segments
 
 
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