Last $125.55 USD
Change Today -0.79 / -0.63%
Volume 555.9K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

martin marietta materials (MLM) Snapshot

Open
$126.34
Previous Close
$126.34
Day High
$126.45
Day Low
$125.32
52 Week High
04/4/14 - $130.00
52 Week Low
04/22/13 - $93.03
Market Cap
5.8B
Average Volume 10 Days
1.1M
EPS TTM
$2.60
Shares Outstanding
46.2M
EX-Date
02/27/14
P/E TM
48.3x
Dividend
$1.60
Dividend Yield
1.27%
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.

5,036 Employees
Last Reported Date: 02/24/14
Founded in 1993

martin marietta materials (MLM) Top Compensated Officers

Chief Executive Officer, President, Director,...
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. Announces Management Changes

Martin Marietta Materials Inc. announced that the longtime chairman of the company's Board of Directors, Stephen P. Zelnak, Jr., will retire from his role as chairman effective May 22, 2014, following the company's Annual Shareholders Meeting. Mr. Zelnak will continue to serve as a Director on the Martin Marietta Board. The company also announced the Board of Directors has elected President and Chief Executive Officer C. Howard (Ward) Nye to the additional post of chairman of the board upon Mr. Zelnak's retirement. These changes complete a seamless and orderly succession process overseen by the Board of Directors. Mr. Zelnak has 33 years of company service, having joined Martin Marietta Corporation as Vice President, Planning and Business Development in 1981 at the Bethesda, Maryland-based headquarters. After joining the company in 2006 as President and Chief Operating Officer, Mr. Nye was appointed Chief Executive Officer in January 2010 in the midst of the global economic downturn, from which the building materials industry is just beginning to recover. During the past four years, Mr. Nye has led Martin Marietta as the company carefully executed its strategic plan, while continuing to deliver strong performance and shareholder value creation.

Martin Marietta Materials Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Martin Marietta Materials Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net earnings attributable to company of $36.0 million or $0.77 per diluted share compared to $21.5 million or $0.46 per diluted share reported in the same period last year. Earnings from continuing operations was $35.5 million or $0.78 per diluted share against $21.9 million or $0.46 per diluted share reported last year. Earnings from operations was $62.8 million against $40.2 million and earnings from continuing operations before taxes on income was $49.9 million against $26.9 million reported last year. Net sales were $491.4 million against $456.0 million and total revenues were $545.0 million against $502.2 million reported last year. EBITDA was $106.3 million against $83.4 million reported last year. Consolidated net debt, as defined, at December 31, 2013 was $1,053.3 million. For the year, the company reported net earnings attributable to company of $121.3 million or $2.61 per diluted share compared to $84.5 million or $1.83 per diluted share reported in the same period last year. Earnings from continuing operations was $120.2 million or $2.63 per diluted share against $86.7 million or $1.86 per diluted share reported last year. Earnings from operations was $218.0 million against $156.2 million and earnings from continuing operations before taxes on income was $164.2 million against $104.1 million reported last year. Net sales were $1,943.2 million against $1,833.0 million and total revenues were $2,155.5 million against $2,031.9 million reported last year. Net cash provided by operating activities was $309.0 million against $222.7 million and additions to property, plant and equipment were $155.2 million against $151.0 million reported last year. EBITDA was $390.2 million against $329.9 million reported last year.

Martin Marietta Materials Inc., Q4 2013 Earnings Call, Jan 28, 2014

Martin Marietta Materials Inc., Q4 2013 Earnings Call, Jan 28, 2014

 

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MLM

Industry Average

Valuation MLM Industry Range
Price/Earnings 47.8x
Price/Sales 3.0x
Price/Book 3.8x
Price/Cash Flow 47.8x
TEV/Sales 2.4x
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