Last $129.21 USD
Change Today +0.07 / 0.05%
Volume 482.2K
As of 8:04 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

martin marietta materials (MLM) Snapshot

Open
$128.55
Previous Close
$129.14
Day High
$129.25
Day Low
$128.17
52 Week High
06/23/14 - $136.36
52 Week Low
10/9/13 - $94.01
Market Cap
8.6B
Average Volume 10 Days
623.0K
EPS TTM
$3.23
Shares Outstanding
66.9M
EX-Date
05/29/14
P/E TM
40.0x
Dividend
$1.60
Dividend Yield
1.24%
Current Stock Chart for MARTIN MARIETTA MATERIALS (MLM)

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martin marietta materials (MLM) Details

Martin Marietta Materials, Inc., together with its subsidiaries, produces and sells aggregates for the construction industry. The company operates in four segments: Mid-America Group, Southeast Group, West Group, and Specialty Products. It mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, nonresidential, and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. The company also offers asphalt products, ready mixed concrete, and road paving construction services. In addition, it manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for use in the steel industry. These chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company primarily sells its products in the United States, Canada, the Bahamas, and the Caribbean Islands. Martin Marietta Materials, Inc. was founded in 1993 and is based in Raleigh, North Carolina.

martin marietta materials (MLM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $757.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $601.9K
Chief Accounting Officer, Chief Information O...
Total Annual Compensation: $413.1K
Senior Vice President of Human Resources
Total Annual Compensation: $494.9K
Compensation as of Fiscal Year 2013.

martin marietta materials (MLM) Key Developments

Martin Marietta Materials Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Martin Marietta Materials Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $601.9 million compared to $507.3 million a year ago. Total revenues were $669.2 million compared to $561.3 million a year ago. Earnings from operations were $96.2 million compared to $69.6 million a year ago. Earnings from continuing operations before income tax benefit was $83.6 million compared to $56.5 million a year ago. Earnings from continuing operations were $59.7 million compared to $41.5 million a year ago. Consolidated net earnings were $59.6 million compared to $41.6 million a year ago. Net earnings attributable to the company were $59.5 million compared to $41.3 million a year ago. Diluted earnings per share were $1.27 compared to basic and diluted earnings per share of $0.89 a year ago. Diluted earnings from continuing operations attributable to common shareholders were $1.27 against $0.89 a year ago. EBITDA was $139.6 million compared to $112.5 million a year ago. Net sales growth was driven by a 13% increase in aggregates product line shipments, and a 5% increase in aggregates pricing, compared to the second quarter of last year. For the six months, the company reported net sales of $981.6 million compared to $851.4 million a year ago. Total revenues were $1,097.8 million compared to $945.2 million a year ago. Earnings from operations were $80.3 million compared to $46.3 million a year ago. Earnings from continuing operations before income tax benefit was $52.0 million compared to $19.1 million a year ago. Earnings from continuing operations were $36.6 million compared to $12.4 million a year ago. Consolidated net earnings were $36.5 million compared to $12.3 million a year ago. Net earnings attributable to the company were $37.9 million compared to $13.5 million a year ago. Basic and diluted earnings per share were $0.81 compared to $0.29 a year ago. Diluted and basic earnings from continuing operations attributable to common shareholders were $0.81 against $0.29 a year ago. Net cash provided by operating activities was $70.4 million compared to $48.5 million a year ago. The increase in operating cash flow is directly tied to earnings growth. Additions to property, plant and equipment was $84.7 million compared to $50.0 million a year ago. EBITDA was $163.8 million compared to $132.3 million a year ago. The company provided earnings guidance for the full year of 2014. For the period, the company expects interest expense to remain relatively flat compared with 2013. The company estimated effective income tax rate to approximate 29%, excluding discrete events. Capital expenditures expected to approximate $155 million.

Martin Marietta Mulls Acquisitions

Martin Marietta Materials Inc. (NYSE:MLM) intends to pursue acquisitions. "As always, we look at the strategies as the opportunities present themselves. But it's always looking at acquisitions to see in those places where we can continue to execute against our strategic plan to gain leading market positions across the US" said, Anne Lloyd, Executive Vice President and Chief Financial Officer of Martin Marietta.

Martin Marietta Materials Inc. to Report Q2, 2014 Results on Jul 29, 2014

Martin Marietta Materials Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

 

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