Martin Mari Mat Stock Price, News & Analysis

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.

Martin Marietta Materials, Inc. (NYSE:MLM) plans to host its earnings conference call for Q4 and full-year 2021 results on February 10, 2022, at 11:00 a.m. Eastern Time. Results will be released prior to market opening that day. Investors can access a live webcast on the company’s website or join via phone at 970-315-0423 with confirmation number 1786214. The company operates across 30 states, Canada, and The Bahamas, providing aggregates, cement, and other building materials, contributing to community infrastructure.

Martin Marietta Materials (NYSE: MLM) announced a quarterly cash dividend of $0.61 per share, reflecting an annualized dividend of $2.44. This dividend is payable on December 31, 2021, to shareholders of record as of December 1, 2021. The company, a leading supplier of building materials across 30 states, Canada, and The Bahamas, maintains its commitment to delivering high-quality materials for community development.

Martin Marietta reported strong third-quarter results for 2021, achieving record revenues of $1.56 billion and gross profit of $441.9 million. The Building Materials business saw a 17.3% revenue increase to $1.39 billion, driven by a 6% rise in organic aggregates shipments and successful mid-year price increases. Magnesia Specialties delivered 30.3% revenue growth. The company expects a positive outlook for 2022 despite current labor and logistics challenges. The recent acquisition of Lehigh West Region enhances growth prospects.

Martin Marietta Materials, Inc. (NYSE:MLM) will host its third-quarter 2021 earnings conference call on November 2, 2021, at 11:00 a.m. ET. The company plans to release its earnings results for the quarter ending September 30, 2021, before the market opens on the same day. Investors can access a live webcast and supplemental information on the Investors section of Martin Marietta's website. A dial-in option is also available for those without online access. The replay will be available two hours after the call for one year.

Martin Marietta Materials has successfully acquired Lehigh Hanson’s West Region business for $2.3 billion. This strategic purchase includes 17 active aggregates facilities, two cement plants, and additional operations in key areas of California and Arizona, enhancing market presence in regions like the Bay Area and Phoenix. The acquisition is expected to be accretive to earnings per share within the first year, supporting Martin Marietta's growth strategy under its SOAR 2025 Plan.

Integration is anticipated to proceed smoothly.

Martin Marietta Materials (NYSE: MLM) has announced a 7% increase in its quarterly cash dividend, raising it from $0.57 to $0.61 per share. This translates to an annualized dividend of $2.44 per share, payable on September 30, 2021, to shareholders on record by September 1, 2021. The company emphasizes its strong cash generation and financial flexibility, which supports sustainable dividends while investing in growth opportunities. This aligns with Martin Marietta's commitment to enhancing shareholder value.

Martin Marietta reported record second-quarter revenues of $1,377.9 million, a 8.4% increase from 2020. Gross profit rose to $385.1 million, with earnings per diluted share at $3.61. Despite adverse weather impacting operations in Texas and Colorado, product demand grew, especially in the Building Materials segment, which saw a revenue increase of 7.4%. The company is on track to complete the Lehigh West Region acquisition in 2021, expecting it to enhance earnings per share. Full-year guidance estimates revenues between $4.705 to $4.850 billion.