On the heels of Martin Marietta Materials’ record revenues, profitability, earnings reported for the fourth quarter of 2017, Ward Nye, chairman, president and CEO is looking forward to 2018 with confidence.
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NSSGA Names Excellence in Community Relations Award Winners
The National Stone, Sand and Gravel Association (NSSGA) announced the recipients of its Excellence in Community Relations awards.
Read MoreFIRST LOOK – DECEMBER 2017
Martin Marietta Dips in Third Quarter Third-quarter 2017 total revenues for the Building Materials business, which includes the aggregates, cement, ready mixed concrete, and asphalt and paving product lines, were $1.024 billion, down slightly from $1.039 billion. Summit Materials Rises in Third Quarter Organic aggregates sales volumes increased 2.6 percent in the third quarter 2017, due mainly to increased demand in north…
Read MoreMartin Marietta Optimistic About Future
Martin Marietta Materials remains optimistic about the company’s long-term outlook given its continued ability to successfully execute its strategic business plans and the largely positive trends in the markets it serves. Given the skilled labor shortage, project delays and government uncertainty that has limited growth throughout the year, management has revised its guidance for full year 2017 as follows:
Read MoreAggregates Executives Among New ARTBA Officers
The American Road & Transportation Builders Association (ARTBA) announced the election of its 2017-2018 officers during an annual business meeting of members on Sept. 19, including several high-profile aggregates executives. New officers are:
Read MoreCongressional Representatives Visit Quarries
Rep. Pete Sessions (R-Texas), chairman of the House Rules Committee, visited Martin Marietta’s Southwest, Cement and Southwest Ready Mix divisional headquarters office in Dallas on Aug. 23.
Read MorePublicly Traded Companies Report
The aggregates industry’s publicly traded companies reported second quarter results.
Read MoreFIRST LOOK – AUGUST 2017
TOP NEWS Vulcan Materials Vulcan Materials Co. announced results for the second quarter ended June 30, 2017. Total revenues increased $74 million, or 8 percent, to $1.03 billion. Gross profit was $292 million, in line with the prior year. Net earnings were $120 million and Adjusted EBITDA was $288 million. Martin Marietta Materials Martin Marietta Materials Inc. reported record results for…
Read MoreMartin Marietta Scores Record Second Quarter Results
Martin Marietta Materials Inc. reported record results for the second-quarter ended June 30, 2017, including consolidated net sales of $996.3 million, an increase of 8.8 percent compared with $915.4 million in the second quarter of 2016. The company also reported:
Read MoreTransaction Analysis: Martin Marietta Acquires Bluegrass Materials
Martin Marietta Materials’ pending acquisition of Bluegrass Materials is big news and Ward Nye, president and CEO of Martin Marietta, said the $1.6 billion buy means big business in the Southeast, according to Brian Krehbiel, vice president for investment banking firm Headwaters MB.
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