Martin Marietta Materials Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net loss attributable to the company of $27.8 million or $0.61 per diluted share on total revenues of $385.0 million compared to net loss attributable to the company of $36.7 million or $0.81 per diluted share on total revenues of $394.0 million reported a year ago. Loss from operations was $23.6 million compared to $35.3 million reported a year ago. Loss from continuing operations before taxes on income was $37.7 million compared to $47.0 million reported a year ago. Loss from continuing operations was $29.2 million or $0.61 per diluted share compared to $37.1 million or $0.80 per diluted share reported a year ago. Net cash provided by operating activities was $18.6 million compared to net cash used for operating activities of $4.3 million reported a year ago. The improvement is attributable to a reduction in accounts receivable in 2013 and the impact of business development expenses in 2012. Additions to property, plant and equipment were $21.9 million compared to $37.5 million reported a year ago. Net debt at March 31, 2013 was $1,104.6 million. EBITDA was $19.9 million compared to $10.6 million reported a year ago. For 2013, the company expects vertically integrated businesses to generate between $350 million and $375 million of net sales and $20 million to $22 million of gross profit. Net sales for the Specialty Products segment should be between $220 million and $230 million, generating $81 million to $85 million of gross profit. Interest expense is expected to remain relatively flat. Effective tax rate is expected to approximate 26%, excluding discrete events. Capital expenditures are forecast at $155 million.

Martin Marietta Materials Inc., Q1 2013 Earnings Call, Apr 30, 2013

Martin Marietta Materials Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 30, 2013