Martin Marietta Materials Inc. has entered into a definitive agreement to sell its Colorado and Central Texas ready mixed concrete operations to Smyrna Ready Mix Concrete LLC.
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Martin Marietta Achieves Record Safety Performance
Martin Marietta’s people set new benchmarks for safety in 2021 as the company completed its safest year on record.
Read MoreMartin Marietta Sells Some California Cement, Ready Mix Holdings
Martin Marietta Materials entered into a definitive agreement to sell certain West Coast cement and ready mixed concrete operations to Taiheiyo Cement Corp.’s CalPortland unit for $250 million in cash. The operations include the Redding cement plant, related cement distribution terminals and 14 ready-mixed concrete plants located in California.
Read MoreMartin Marietta Materials: Deep Dive
Feb. 10, 2022 – Taking a deep dive into Martin Marietta Materials year-end report, the company remains confident that favorable pricing dynamics will continue. A locally-driven pricing strategy, and attractive underlying fundamentals, as well as long-term secular growth trends in its key geographies, should drive multi-year growth in construction materials. The company is predicting 2022 total revenues of between $5.78 and…
Read MoreMartin Marietta SOARs to Record Fourth-Quarter, Full-Year 2021 Results
Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2021. The company is reporting total fourth-quarter 2021 revenue of $1.405 billion, versus $1.111 billion in 2020. The company is also reporting full-year 2021 revenue of $ 5.085 billion, versus $4.432 billion in 2020.
Read MoreRP Video News: Martin Marietta Committed to Sustainability
Streets. Highways. Stadiums. Schools. As a leading provider of natural resource-based building materials, Martin Marietta is proud to provide the solid foundation upon which our communities thrive. “As a company, we are built upon safety, integrity, excellence, community and stewardship – values that influence every aspect of our business, particularly when it comes to sustainability,” the company stated. “Rooted in our…
Read MoreTop Stories of 2021
Jan. 6, 2022 – There were certainly a lot of blockbuster stories in 2021. None bigger than passage of the new infrastructure bill. But interestingly, that was not the most read story on Rock Products’ website. Here is a list of the stories that made the biggest impact on our readers. You will note mergers and acquisitions get people’s attention. Well, buckle up,…
Read MoreHill, Nye Tout Infrastructure Bill
Nov. 11, 2021 – I reached out to Tom Hill, chairman and chief executive officer of Vulcan Materials; and Ward Nye, chairman and CEO of Martin Marietta, for their thoughts on the passage of the $1.2 trillion Infrastructure Investment and Jobs Act.
Read MoreMartin Marietta Rocks Third Quarter
Nov. 2, 2021 – Martin Marietta Materials weighed in with a solid quarterly report, with its Building Materials business achieving record products and services revenues of $1.390 billion, a 17.3% increase, and record product gross profit of $413.1 million, a 7.9% increase. The Building Materials business experienced growing product demand across its three primary end-use markets. However, contractor capacity constraints,…
Read MoreMartin Marietta Achieves Record Consolidated, Aggregates Revenues
Martin Marietta Materials Inc. reported results for the third quarter ended Sept. 30, achieving record consolidated products and services revenues of $1.463 billion, versus $1.241 billion in 2020.
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