Martin Marietta Sees Good Year Ahead

May 5, 2021 – Martin Marietta Materials Inc. reported results for the first quarter ended March 31. Total revenues were $982.4 million versus $958.2 million in the first quarter of 2020. Looking ahead, Martin Marietta remains confident that favorable pricing dynamics will continue, supported by the company’s locally-driven pricing strategy. Additionally, the company anticipates single-family housing growth, expanded infrastructure investment and notable heavy industrial projects of scale will drive increased shipment levels. Martin Marietta expects these demand drivers, combined with the ancillary construction necessary for housing community buildouts and the potential for increased infrastructure investment from a comprehensive federal surface transportation package, to result in sustained, multi-year growth in product demand. The company’s full-year 2021 guidance excludes the expected contribution of the Tiller acquisition as well as any benefit from additional fiscal stimulus, relief funds beyond those already enacted or a potential successor federal surface transportation bill. The company will revisit its 2021 guidance when it reports half-year results. The company anticipates products and service revenues will be between $4.510 and $4.700 billion for the year.

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