Martin Marietta Reports Double-Digit Increases
Published: Tuesday, 12 November 2013 11:26
Martin Marietta Materials Inc. announced its results for the third quarter and nine months ended Sept. 30, 2013. Ward Nye, president and CEO of Martin Marietta Materials, stated: “We are pleased to report a double-digit increase in both revenues and earnings in the third quarter of 2013. Our performance was driven largely by the ongoing recovery in private-sector construction activity as well as solid execution of our long-term strategic plans and diligent management of our cost structure. I am especially proud of the fact that our company achieved these strong results despite the continued public-sector construction headwinds. The combination of a 12 percent increase in consolidated net sales over the prior-year quarter and our ongoing focus on controlling costs resulted in a 13 percent increase in earnings per diluted share. These results reflect new third-quarter records for both net sales and earnings from operations in the Specialty Products business as well as volume and pricing growth in the aggregates product line.”
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Voters Approve Transportation Funding
Published: Tuesday, 12 November 2013 11:25
Voters across the nation again confirmed the high value they place on transportation infrastructure improvements by approving 91 percent of November 5 ballot measures to increase or extend funding for highways, bridges and transit and electing two transportation advocates for governor, according to the American Road and Transportation Builders Association (ARTBA).
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