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Martin Marietta Materials Inc MLM

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$1.2 Trillion Infrastructure Deal Reached; $110 Billion Going to Roads, Bridges, and Major Projects

Dawit Woldemariam Equity Analyst

Analyst Note

| Dawit Woldemariam |

On Nov. 5, the U.S. House of Representatives passed a $1.2 trillion infrastructure bill nearly three months after the U.S. Senate approved its spending package. Lawmakers earmarked approximately $110 billion for spending on new roads, bridges, and other major infrastructure projects. Once signed into law, we believe many of the companies under our coverage will see increased demand for their products and services. That said, our forecasts already account for increased infrastructure spending over the next five years. Therefore, we are maintaining our fair value estimates for all companies set to profit from the infrastructure bill.

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Company Profile

Business Description

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2020, Martin Marietta sold 187 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin’s magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

2710 Wycliff Road
Raleigh, NC, 27607-3033
T +1 919 781-4550
Sector Basic Materials
Industry Building Materials
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 8,700