Martin Marietta Looks Ahead

Feb. 9, 2021 – On the heels of reporting “strong shipment growth, pricing gains and disciplined cost management” in the fourth quarter of 2020, as well as “record fourth-quarter and full-year profitability and safety performance,” Martin Marietta said it remains confident that favorable pricing dynamics will continue, “supported by the company’s locally-driven pricing strategy, and attractive underlying fundamentals and long-term secular growth trends in its key geographies , particularly as the U.S. economy stabilizes and recovers.” Martin Marietta’s 2021 guidance excludes any benefit from additional fiscal stimulus or relief funds beyond those already enacted as well as any benefit from a potential successor federal surface transportation bill, so a new transportation bill will additionally enhance the company’s performance possibilities in 2021. The company is currently predicting aggregates shipments to grow 1% to 4% in 2021.

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