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Martin Marietta Materials Inc MLM

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Martin Marietta Profits Keep Growing in Q1; Shares Pricey Despite Forecast of Double EBITDA by 2025

Analyst Note

| Kristoffer Inton |

More than one year into the pandemic, Martin Marietta should start facing easier year-over-year comps than it did during 2020. However, first-quarter shipments were marred by winter storms in Texas, leading volumes to decline 3% during the quarter. Nevertheless, underlying demand remains strong as mix-adjusted prices still rose 2.5%.

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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.

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

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