Martin Mari Mat Stock Price, News & Analysis

Martin Marietta Materials (NYSE:MLM) has priced its offering of $2.5 billion in senior notes, comprising three series: $700 million of 0.650% due 2023, $900 million of 2.400% due 2031, and $900 million of 3.200% due 2051. The proceeds from the 2031 and 2051 notes are allocated for the acquisition of the Lehigh West Region Business, while the 2023 notes will finance general corporate purposes. The deal is expected to close on July 2, 2021. Deutsche Bank, J.P. Morgan, Truist, and Wells Fargo will serve as underwriters.

Martin Marietta Materials (NYSE: MLM) announced the acquisition of Lehigh Hanson's West Region for $2.3 billion in cash, aiming to enhance its geography and operations in high-growth megaregions of California and Arizona. This deal includes 17 active aggregates quarries and two cement plants, positioning Martin Marietta to accelerate growth in response to increased infrastructure investment. Expected to close in the second half of 2021, the transaction is anticipated to be accretive to earnings per share in the first full year.

On May 13, 2021, Martin Marietta Materials (NYSE: MLM) announced a quarterly cash dividend of $0.57 per share, translating to $2.28 annually. The dividend is payable on June 30, 2021, to shareholders on record by the close of business on June 1, 2021. Martin Marietta, a leading supplier of building materials, operates across 26 states, Canada, and The Bahamas, supporting community infrastructure.

Martin Marietta reported record first-quarter financial results for 2021, with consolidated revenues of $982.4 million and net earnings of $65.3 million, up from $25.9 million in the previous year. Earnings per diluted share rose to $1.04 from $0.41. The company credits solid operational performance and strong product demand for these results, despite disruptions from a severe winter storm. Additionally, Martin Marietta acquired Tiller Corporation, which is expected to enhance its aggregates business and contribute significantly to revenues and EBITDA in 2021.

Martin Marietta Materials, Inc. (NYSE:MLM) announced a Web simulcast of its Q1 2021 earnings conference call on May 4, 2021. The results for the quarter ending March 31, 2021, will be released prior to market opening. The live audio webcast starts at 11:00 a.m. ET, with a replay available for one year post-broadcast. Investors can join via telephone at 970-315-0423, entering confirmation number 7790405. Martin Marietta is a key player in the building materials sector, serving 26 states, Canada, and The Bahamas with aggregates, cement, and more.

Martin Marietta Materials, Inc. (NYSE: MLM) announced a regular quarterly cash dividend of $0.57 per share, amounting to an annualized cash dividend of $2.28 per share. This dividend will be payable on March 31, 2021, to shareholders recorded by the close of business on March 1, 2021. Martin Marietta is a leading supplier of building materials across 27 states, Canada, and The Bahamas, and is a member of the S&P 500 Index.

Martin Marietta Materials, a leading aggregates supplier, will host an Investor Day on February 25, 2021, at 10:30 a.m. ET. CEO Ward Nye and the senior leadership team will discuss the company’s strategic initiatives, growth priorities, and future business outlook. The event will include presentations and a Q&A session, concluding around 1:15 p.m. ET. Interested parties can register for the virtual event and access the webcast on the company's website. A replay will be available post-event.

Martin Marietta reported strong fourth-quarter results with a 40% increase in diluted earnings per share, reaching $2.93. Total revenues rose to $1.18 billion, driven by growth in the Building Materials and Magnesia Specialties businesses. The company achieved record fourth-quarter profitability, with adjusted EBITDA of $335.1 million.

For 2021, Martin Marietta anticipates continued demand growth supported by housing and infrastructure investments, projecting revenues between $4.51 to $4.7 billion.

Martin Marietta Materials, Inc. (NYSE:MLM) will host an online webcast for its fourth-quarter and full-year 2020 earnings call on February 9, 2021. The results will be released before the market opens. The live audio webcast starts at 11:00 a.m. ET, with an on-demand replay available for one year. Investors can also join by calling (970) 315-0423. Martin Marietta is a leading supplier of building materials, operating across 27 states, Canada, and The Bahamas. The company provides essential resources for community infrastructure.