Martin Marietta Shipments Rise

Ward Nye

July 28, 2022 – The publicly traded companies are starting to report second-quarter and first-half results. Martin Marietta Materials, in its second-quarter report, noted that aggregates shipments totaled 57.8 million tons, a 9.3% increase, versus 52.9 million tons in the second quarter of 2021. For the first six months of the year, the company is reporting aggregates shipments of 99.9 million tons, a 11% increase versus 90.0 million tons in the first six months of 2021. Ward Nye, chairman and CEO of Martin Marietta, stated, “I am pleased to report that Martin Marietta delivered second-quarter records for aggregates and cement shipments, revenues, gross profit, Adjusted EBITDA and Adjusted earnings per diluted share. Our strong financial performance this quarter demonstrates the successful execution of our strategic business plan and also serves as a testament to the focus of our remarkable team and resiliency of our aggregates-led business. Despite increased inflationary pressure from rising input costs, and a challenging overall macroeconomic and geopolitical operating environment, our differentiated business model once again delivered outstanding results.”

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