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Martin Marietta Materials (MLM) provides essential construction aggregates and building materials for infrastructure projects across North America. This news hub offers investors and industry professionals direct access to official updates and market-moving developments.
Track critical announcements including quarterly earnings, strategic acquisitions, product innovations, and operational expansions. Our curated collection ensures timely access to press releases about cement production updates, aggregates pricing trends, and sustainability initiatives within the heavy building materials sector.
Key updates cover MLM's core operations: crushed stone production volumes, ready-mixed concrete demand fluctuations, magnesia specialties applications, and regional market expansions. Monitor regulatory developments impacting quarry operations and infrastructure investment trends affecting material demand.
Bookmark this page for streamlined access to MLM's financial disclosures, leadership changes, and partnership announcements. Combine real-time updates with historical context to analyze the company's position in the competitive building materials landscape.
Martin Marietta achieved record Q2 2022 revenues of $1.641 billion, up 19.1% year-over-year, driven by strong demand and strategic acquisitions.
Net earnings surged 56.4% to $353.2 million, with adjusted EBITDA increasing 8.9% to $478.3 million.
Despite inflationary pressures, the aggregates business saw organic shipment growth of 1.8% and pricing increase of 8.8%. Full-year guidance was updated, projecting consolidated revenues between $5.77 billion and $5.91 billion.
Martin Marietta Materials, Inc. (NYSE:MLM) will host its Q2 2022 earnings conference call on July 28, 2022, at 11:00 a.m. ET. The company plans to release financial results for the quarter ended June 30, 2022, prior to market open. Investors can access a live webcast of the call through the company’s Investors section on its website, with on-demand replays available for one year post-broadcast. Martin Marietta, part of the S&P 500 Index, operates a diverse network across 28 states and internationally, supplying essential building materials.
Martin Marietta Materials, Inc. (NYSE: MLM) has declared a quarterly cash dividend of $0.61 per share, equating to $2.44 annually. This dividend is set to be paid on June 30, 2022, to shareholders of record by June 1, 2022. The company is a leading supplier of building materials and operates across 28 states, Canada, and The Bahamas, emphasizing its role in providing essential resources for community infrastructure.
Martin Marietta reported record consolidated revenues of $1,230.8 million for Q1 2022, a 25.3% increase year-over-year. The building materials sector saw a revenue spike of 25.7% driven by strong demand and pricing gains. However, gross profit declined 10.6% to $156.1 million, with net earnings falling 62.5% to $24.5 million. The company has raised its 2022 guidance, anticipating adjusted EBITDA between $1.7 billion and $1.8 billion due to expected pricing realizations. Strategic divestitures are aimed at reducing cyclicality and enhancing margins.
Martin Marietta Materials will hold its first-quarter 2022 earnings conference call on May 3, 2022, at 11:00 a.m. ET. The earnings results for the quarter ending March 31, 2022, will be released that morning before market opening. Investors can access a live webcast and supplemental information on the Company’s website. The conference call can also be joined by phone with a prior dial-in recommended. Martin Marietta is a leading supplier of building materials, operating across 28 states, Canada, and The Bahamas.
On April 1, 2022, Martin Marietta Materials (NYSE: MLM) announced the completion of its divestiture of ready mixed concrete operations in Colorado and Central Texas to Smyrna Ready Mix Concrete LLC. This strategic move aligns with the company's capital allocation priorities, aimed at enhancing shareholder value. Chairman and CEO Ward Nye expressed gratitude for the workforce's contributions, marking the sale as a key step in the company's overall strategic plan. Martin Marietta remains a leading supplier of building materials across North America.
On March 24, 2022, Martin Marietta Materials (NYSE: MLM) announced a definitive agreement to divest its Colorado and Central Texas ready mixed concrete operations to Smyrna Ready Mix Concrete LLC. This strategic move aligns with the company’s SOAR 2025 objectives aimed at optimizing its aggregates-led portfolio. Proceeds from the sale will support capital allocation priorities, including acquisitions and shareholder returns. The transaction is set to close by March 31, 2022, pending regulatory approvals.
On March 1, 2022, Martin Marietta Materials (NYSE: MLM) announced a definitive agreement to sell its West Coast cement and ready mixed concrete operations to CalPortland Company for $250 million in cash. This sale includes the Redding cement plant and 14 ready-mixed concrete plants in California. CEO Ward Nye emphasized that this divestiture aligns with their SOAR 2025 plan aimed at optimizing their portfolio. The transaction is expected to close in the second half of 2022, pending regulatory approval.
Martin Marietta Materials has declared a quarterly cash dividend of $0.61 per share, amounting to an annualized $2.44. This dividend is payable on March 31, 2022, to shareholders of record as of the close of business on March 1, 2022. A member of the S&P 500 Index, Martin Marietta is a major supplier of building materials, with operations across 28 states, Canada, and The Bahamas. The company also produces high-purity magnesia and dolomitic lime products for various applications worldwide.
Martin Marietta reported record full-year results for 2021 with adjusted EBITDA exceeding $1.5 billion. Revenues for the year reached $5.4 billion, driven by strong demand across all product lines. The Building Materials segment achieved record revenues of $4.8 billion, a 14.2% increase year-over-year. Organic aggregates shipments rose 4% for the year, with pricing momentum continuing into 2022.
Guidance for 2022 suggests revenues between $5.78 billion and $5.98 billion, with expected net earnings of $805 million to $915 million.
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