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Martin Marietta Materials Inc MLM

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Strong Results Continue in Martin Marietta’s Q2, but Even an Infrastructure Bill Can’t Justify Price

Analyst Note

| Kristoffer Inton |

Aggregates, Martin Marietta’s most important construction material, performed well during the second quarter. Excluding acquisitions, volumes were up 1.5% and prices up 3.4% over the year-ago quarter. Including acquisitions, volumes were up 3.3% and prices up 2.9%. Demand for all products continues to look good, as prices increased across all product lines. Quarterly adjusted EBITDA was up 8% year on year to $439 million.

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Company Profile

Business Description

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2020, Martin Marietta sold 187 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin’s magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

2710 Wycliff Road
Raleigh, NC, 27607-3033
T +1 919 781-4550
Sector Basic Materials
Industry Building Materials
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 8,700