Record Rainfall Dampens Martin Marietta’s Q2 Results

Martin Marietta Materials Inc. announced its results for the second quarter ended June 30, 2015. The company is reporting consolidated net sales of $850.2 million compared with $601.9 million a year earlier, an increase of 41 percent. The company is also framing its results as “record net sales and operating earnings, despite the record rainfall experienced in its market areas.”

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Martin Marietta to Participate in River Clean Up

Martin Marietta Materials will participate in this year’s 12th annual Upper Guadalupe River Authority (URGA) clean-up on July 25. The company will join more than 300 volunteers in an effort to preserve the Guadalupe River’s aesthetics and water quality. This will be Martin Marietta’s sixth consecutive year providing volunteers to the cleanup effort.

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Beckmann Quarry Reaches Safety Milestone

The Beckmann Quarry, owned and operated by Martin Marietta Materials, celebrated a milestone of reaching two million consecutively logged employee hours without a reportable incident or incident of lost time. This covers a period that stretches back to 2007. “I am very proud of the team at the Beckmann Quarry for putting safety first. Reaching two million logged hours without…

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Sold!

August 18, 2014 – Martin Marietta Materials has now sold what needed to be sold. The company completed the divestitures required pursuant to a consent decree that was a condition of the Department of Justice’s clearance of Martin Marietta’s acquisition of Texas Industries Inc., which closed on July 1, 2014. Martin Marietta sold to Vulcan Materials one quarry in Oklahoma and…

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DOJ Rules Martin Marietta Must Divest

June 27, 2014 – The Department of Justice has spoken. I’m not sure they know what they are talking about, but they HAVE spoken. Martin Marietta Materials must divest an Oklahoma quarry and two Texas rail yards in order to proceed with its proposed $2.7 billion acquisition of Texas Industries, according to the agency. Without the divestiture, the proposed acquisition was…

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Martin Marietta, DOJ Set to Settle

June 21, 2014 – Martin Marietta Materials Inc. expects to enter into an agreement with the U.S. Department of Justice that will resolve all competition issues with respect to Martin Marietta’s proposed acquisition of Texas Industries Inc. Martin Marietta believes that the agreement will be finalized this week. While Martin Marietta is not in a position to state the terms…

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An Interview With Paul Detwiler III, New Enterprise Stone & Lime

ROCK PRODUCTS TALKS TO THE 2014 CHAIRMAN OF NSSGA ABOUT THE NEW STRATEGIC PLAN, REAUTHORIZATION AND THE BEST ADVICE HE EVER RECEIVED. By Mark S. Kuhar As you begin your term at the helm of NSSGA, what is the number-one thing you would like to accomplish? I am ready to fight the good fight for our industry. We will need…

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