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Martin Marietta Materials, Inc. - MLM STOCK NEWS

Welcome to our dedicated news page for Martin Marietta Materials (Ticker: MLM), a resource for investors and traders seeking the latest updates and insights on Martin Marietta Materials.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Martin Marietta Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Martin Marietta Materials's position in the market.

Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) declares a quarterly cash dividend of $0.74 per share, totaling $2.96 annually. The payment is scheduled for March 28, 2024, benefiting shareholders of record by March 4, 2024. Martin Marietta, a key player in building materials, operates across 28 states, Canada, and The Bahamas, with a focus on supplying essential resources for community development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
dividends
-
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) achieved full-year records for revenues, profitability, and safety performance in 2023. The company reported impressive financial highlights, including an 8.9% increase in total revenues, a 36.5% increase in gross profit, and a 41.1% increase in earnings from operations for the fourth quarter. Adjusted EBITDA improved by 28.3%, and earnings per diluted share from continuing operations rose by 53.8%. The CEO highlighted the success of the value-over-volume commercial strategy, leading to a 46.4% improvement in aggregates unit profitability. The company's strategic acquisitions and strong balance sheet position it well for continued growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
Tags
earnings
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Rhea-AI Summary
Martin Marietta Materials, Inc. (MLM) announces acquisition of 20 aggregates operations for $2.05 billion and divestiture of South Texas operations for $2.1 billion. The transactions aim to enhance product mix, margin profile, and durability, supporting future growth. The acquisitions are in line with the SOAR 2025 strategy, expanding into new markets like Nashville and Miami, with expected annualized EBITDA of over $180 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
acquisition
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) will host its Q4 and full-year 2023 earnings conference call on February 14, 2024. The company will release results for the quarter and year ended December 31, 2023, before the market opens. Martin Marietta is a leading supplier of building materials and operates in 28 states, Canada, and The Bahamas. The company's Magnesia Specialties business provides magnesium oxide, magnesium hydroxide, and dolomitic lime products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
earnings
-
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) has completed the acquisition of Albert Frei & Sons, Inc., a leading aggregates producer in Colorado. The transaction closed on January 12, 2024, and is expected to enhance the company's aggregates platform in the high-growth Denver metropolitan area. The acquisition provides over 60 years of high-quality, hard rock reserves to better serve customers and is projected to be immediately accretive to earnings, margins, and cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.01%
Tags
acquisition
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Rhea-AI Summary
BetterInvesting Magazine names Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) as 'Stock to Study' and Martin Marietta Materials Inc. (NYSE: MLM) as 'Undervalued Stock' in the March 2024 issue. The S&P500 Index gained over 26% in 2023, with individual stocks having a significant impact. Ken Zendel, CEO of National Association of Investors, emphasizes the importance of understanding individual stocks and their performance for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
none
Rhea-AI Summary
BetterInvesting Magazine names Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) as 'Stock to Study' and Martin Marietta Materials Inc. (NYSE: MLM) as 'Undervalued Stock' in the March 2024 issue. The S&P500 Index gained over 26% in 2023, with individual stocks having a significant impact. Ken Zendel, CEO of National Association of Investors, emphasizes the importance of understanding individual stocks and their performance for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
none
-
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) has entered into a definitive agreement to sell its South Texas cement business and certain related concrete operations to CRH Americas Materials, Inc. for $2.1 billion in cash. The facilities to be divested include the Hunter cement plant in New Braunfels, related cement distribution terminals, and 20 concrete plants serving the Austin and San Antonio region. The transaction is expected to close in the first half of 2024, subject to regulatory approvals and other customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
-
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) announced a regular quarterly cash dividend of $0.74 per share, payable on December 29, 2023, to shareholders of record at the close of business on December 1, 2023. The dividend represents a cash dividend of $2.96 per share on an annualized basis. Martin Marietta is a leading supplier of building materials and a member of the S&P 500 Index.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
dividends
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) reported record quarterly consolidated revenues, profitability, and margins. Gross profit per ton increased by 42.4% to $7.89. Adjusted EBITDA increased by 32.3%. The Building Materials business generated record revenues of $1.9 billion, with aggregates shipments decreasing by 7.3%. The Magnesia Specialties business had flat revenues but saw a 3.6% increase in gross profit. The company achieved strong cash generation and had $647.6 million of unrestricted cash and cash equivalents on hand as of September 30, 2023. The company raised its full-year 2023 guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.39%
Tags
earnings
Martin Marietta Materials, Inc.

NYSE:MLM

MLM Rankings

MLM Stock Data

34.56B
61.33M
0.58%
96.66%
0.83%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Raleigh

About MLM

martin marietta, an american company and a member of the s&p 500 index, is a leading supplier of aggregates and heavy building materials, with operations spanning 36 states, canada and the caribbean. martin marietta's magnesia specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products.