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.