Martin Marietta’s Nye Looks Ahead


Aug. 1, 2023 – With the momentum of its just-reported quarterly records for revenues, profitability and unit margins, Martin Marietta Chairman and CEO Ward Nye is looking ahead to a strong finish to the year and a positive 2024. He stated, “As record-setting public funds for infrastructure and manufacturing begin to enter the U.S. economy, we continue to expect that aggregates demand will accelerate in the second half of 2023. This well-chronicled increased investment should largely offset the current residential construction air pocket, which we expect to bottom in the third quarter of 2023. This scenario, combined with continued commercial momentum and moderating cost inflation, should contribute to a record-setting year in 2023 and provide a solid foundation for an even brighter 2024 and beyond.”

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