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Martin Marietta Materials - $MLM STOCK NEWS

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

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.

News
Martin Marietta Reports Third-Quarter 2023 Results
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
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News
Martin Marietta Announces Third-Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Martin Marietta Materials, Inc. to host Q3 earnings conference call on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
earnings
-
News
Martin Marietta to Sell Certain West Coast Cement Operations to UNACEM
Rhea-AI Summary
Martin Marietta Materials, Inc. to sell Tehachapi cement plant for $317 million in cash
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
none
News
Martin Marietta Increases Quarterly Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
dividends
-
News
Martin Marietta Reports Second-Quarter 2023 Results
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) reported record revenues, profitability, and unit margins for Q2 2023. The company raised its full-year 2023 adjusted EBITDA guidance to $2.0 – $2.1 billion, a 28% increase at the midpoint compared to the prior year. Gross profit per ton increased 27.9% to $6.80. Aggregates shipments decreased 5.7% while pricing increased 18.6%. Cement shipments increased to 1.1 million tons with pricing up 21.8%. The company is actively exploring the potential sale of its Tehachapi cement plant. Cash provided by operating activities for the six months ended June 30, 2023, was $518.5 million compared with $286.2 million for the prior-year period. The company returned $232.5 million to shareholders through dividend payments and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
earnings
-
News
Martin Marietta Announces Second-Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
earnings
News
Martin Marietta Declares Quarterly Cash Dividend
Rhea-AI Summary
Martin Marietta Materials, Inc. (NYSE: MLM) has declared a regular quarterly cash dividend of $0.66 per share on its outstanding common stock. The dividend represents a cash dividend of $2.64 per share on an annualized basis and will be payable on June 30, 2023. Martin Marietta is a leading supplier of building materials with operations in 28 states, Canada, and The Bahamas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
dividends
-
News
Martin Marietta Reports First-Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.62%
Tags
earnings
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News
Martin Marietta Announces First-Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
earnings
News
Martin Marietta Declares Quarterly Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
dividends
Stock MLM logo
Martin Marietta Materials

NYSE:MLM

MLM Rankings

#339 Ranked by Market Cap
#954 Ranked by Stock Gains
#1999 Ranked by Dividends

MLM Stock Data

36.43B
61.30M
0.62%
96.82%
1.41%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
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.