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Martin Marietta Materials Inc   (MLM)
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Martin Marietta Materials Inc 's

Competitiveness


 

MLM Sales vs. its Competitors Q4 2020



Comparing the results to its competitors, Martin Marietta Materials Inc reported Total Revenue increase in the 4 quarter 2020 by 7.2 % year on year, while most of its competitors have experienced contraction in revenues by -4.87 %, recorded in the same quarter.

List of MLM Competitors

With net margin of 15.53 % company achieved higher profitability than its competitors.

More on MLM Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Martin Marietta Materials Inc Net Income in the 4 quarter 2020 grew year on year by 39.76 %, faster than average growth of Martin Marietta Materials Inc 's competitiors of 21.67 %

<<  More on MLM Income Comparisons


Martin Marietta Materials Inc 's Comment on Competitors and Industry Peers


Because of the impact of transportation costs on the aggregates industry, competition in the Aggregates business tends to be limited to producers in proximity to each of the Company’s facilities. Although all of the Company’s locations experience competition, the Company believes that it is generally a leading producer in the areas it serves. Competition is based primarily on quarry or distribution location and price, but quality of aggregates and level of customer service are also factors.
There are over 5,500 companies in the United States that produce construction aggregates. These include active crushed stone companies and active sand and gravel companies. The largest ten producers account for approximately 35% of the total market. The Company’s aggregates-related downstream operations are also characterized by numerous operators. A national trade association estimates there are about 5,500 ready mixed concrete plants in the United States owned by over 2,200 companies, with about 55,000 mixer trucks delivering ready mixed concrete. Similarly, a national trade association estimates there are about 3,700 asphalt plants in the United States owned by over 800 companies. The Company, in its Aggregates business, including its aggregates-related downstream operations, competes with a number of other large and small producers. The Company believes that its ability to transport materials by ocean vessels and rail have enhanced the Company’s ability to compete in the aggregates industry.


The Company’s Magnesia Specialties business competes with various companies in different geographic and product areas principally on the basis of quality, price, technological advances, and technical support for its products. The Magnesia Specialties business also competes for sales to customers located outside the United States, with revenues from foreign jurisdictions accounting for 18% of revenues for the Magnesia Specialties business in 2016, principally in Canada, Mexico, Europe, South America, and the Pacific Rim.


According to the Portland Cement Association, United States cement production is widely dispersed with the operation of 107 cement plants in 36 states. The top five companies collectively operate 49.6% of U.S. clinker capacity with the largest company representing 14.2% of all domestic clinker capacity. An estimated 76.7% of U.S. clinker capacity is owned by companies headquartered outside of the United States. In reviewing these figures for cement plants, capacity is often stated in terms of “clinker” capacity. “Clinker” is the initial product of cement production. Cement producers mine materials such as limestone, shale, or other materials, crush and screen the materials, and place them in a cement kiln. After being heated to extremely high temperatures, these materials form marble-sized balls or pellets called “clinker” that are then very finely ground to produce portland cement.


The Company’s Cement business competes with various companies in different geographic and product areas principally on the basis of proximity, quality and price for its products, but level of customer service is also a factor. The Cement business also competes with imported cement because of the higher value of the product and the existence of major ports in some of our markets. Certain of the Company’s competitors in the Cement business have greater financial resources than the Company.
The nature of the Company’s competition varies among its product lines due to the widely differing amounts of capital necessary to build production facilities. Crushed stone production from stone quarries or mines, or sand and gravel production by dredging, is moderately capital intensive. The Company’s major competitors in the aggregates markets are typically large, vertically integrated companies, with international operations. Ready mixed concrete production requires relatively small amounts of capital to build a concrete batching plant and acquire delivery trucks. Accordingly, economics can lead to lower barriers to entry in some markets. As a result, depending on the local market, the Company may face competition from small producers as well as large, vertically integrated companies with facilities in many markets. Construction of cement production facilities is highly capital intensive and requires long lead times to complete engineering design, obtain regulatory permits, acquire equipment and construct a plant. Most domestic producers of cement are owned by large foreign companies operating in multiple international markets. Many of these producers maintain the capability to import cement from foreign production facilities.





  

Overall company Market Share Q4 2020

With revenue growth of 7.2 % within Overall company, Martin Marietta Materials Inc achieved improvement in market share, within Overall company to approximate 20.92 %.

<<  More on MLM Market Share.
 

*Market share calculated with total revenue.


MLM's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Martin Marietta Materials Inc 4,730 21,666 721 8,111
China Advanced Construction Materials Group, Inc 45 19 -5 448
Continental Materials Corporation 122 15 -27 563
Eagle Materials Inc 1,596 5,897 346 2,000
Granite Construction Inc 3,423 1,719 -142 1,800
Mdu Resources Group Inc 5,533 6,478 390 9,598
Oro East Mining, Inc. 0 0 0 1
Summit Materials Inc 2,332 3,445 141 5,000
U s Concrete Inc 1,366 1,057 25 643
United States Lime and Minerals Inc 161 806 28 321
Vulcan Materials Company 4,857 23,211 584 5,941
SUBTOTAL 24,163 64,314 2,062 34,426


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