Martin Marietta’s Nickolas Named New NSSGA Board Chair

Jim Nickolas, executive vice president and chief financial officer of Martin Marietta, will be the next chair of the National Stone, Sand & Gravel Association (NSSGA). Outgoing Chair Seth Hankowski, All States Materials Group, handed off the gavel during a ceremony at the 2024 NSSGA Annual Convention. A video introducing Nickolas and showcasing the aggregates industry’s critical impact was also…

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Martin Marietta Celebrates 30 Years of Providing Value

Martin Marietta – recognizing its 30th anniversary as a publicly traded company – has released a brief video, “Martin Marietta: A History in Stone.“ Martin Marietta teams across North America are expected to celebrate the company’s 30th Anniversary throughout the year, including during a companywide Town Hall in July.  After splitting from its aerospace cousin, Lockheed Martin, Martin Marietta became…

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Martin Marietta Has Best Year in Company History

Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2023. For the fourth quarter, total revenues were $1.608 billion versus $1.477. billon for the fourth quarter of 2022, an 8.9% increase. For full year 2023, the company is reporting total revenues of $6.777 billion versus $6.161 billion in 2022, a 10% improvement.

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The Year in Review

As the Grateful Dead sang, “What a long, strange trip it’s been.” 2023 has been a year of surprises, excitement, progress and unexpected developments. Going into the first part of the year, I would have bet my last two-dollar bill we would see increased aggregates production in 2023. While the final numbers are not in, it is pretty apparent final…

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Permitting Update: Indiana

A new lawsuit filed by several residents requests a judge to rule on the Noblesville Board of Zoning Appeals’ decision to approve a sand and gravel extraction project near Cherry Tree Meadows. Beaver Materials’ proposal for a sand and gravel extraction site near the neighborhood was approved Oct. 5. The suit against the company was filed Nov. 1 in Hamilton…

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Aggregates Industry Market Report

In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore Capstone Partners’ Building Products & Construction Services Team is pleased to share its Rock Products report. Consolidation among aggregates producers has continued to drive merger and acquisition (M&A) activity to-date as…

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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…

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