Martin Marietta Looks Forward

July 29, 2021 – Martin Marietta released its second-quarter report, and it features record consolidated revenues, even with inclement weather hampering operations in Texas and Colorado. The company 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. This guidance excludes any benefit from additional fiscal stimulus, relief funds beyond those already enacted or a potential successor federal surface transportation bill.