Announcement • Jul 31
Martin Marietta Materials, Inc. Raises Earnings Guidance for the Year 2026 Martin Marietta Materials, Inc. raised earnings guidance for the year 2026. For the year, the company raising full-year revenue guidance to a range of $7.2 billion to $7.4 billion. Net earnings from continuing operations attributable to Martin Marietta at the mid point range of $1,043 million. Announcement • Jul 10
Martin Marietta Materials, Inc. to Report Q2, 2026 Results on Jul 30, 2026 Martin Marietta Materials, Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 30, 2026 Announcement • Jun 30
Martin Marietta Materials, Inc. (NYSE:MLM) executed a Securities Sale Agreement to acquire Lhoist North America, Inc. from Lhoist S.A. for $13.5 billion. Martin Marietta Materials, Inc. (NYSE:MLM) executed a Securities Sale Agreement to acquire Lhoist North America, Inc. from Lhoist S.A. for $13.5 billion on June 27, 2026. As part of the acquisition, Martin Marietta Materials, Inc. will acquire all of the outstanding equity interests in Lhoist North America, Inc. Under the terms of the acquisition, Martin Marietta Materials, Inc. will pay $7 billion in cash subject to customary adjustments and $6.5 billion in common shares in Martin Marietta Materials, Inc. Upon closing, the Berghmans family, the shareholders of Lhoist S.A. is expected to own approximately 15% of Martin Marietta on a fully diluted basis and will have the right to appoint one director and one observer to Martin Marietta’s Board of Directors. The transaction was financed by the debt financing provider by Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC. For the period ending December 31, 2025, Lhoist North America, Inc. reported total revenue of $1.75 billion and EBITDA of $786 million.
The transaction is subject to receipt of required regulatory approvals and is expected to close in the second half of 2026. The transaction is expected to be accretive to earnings and margins in the first full year following close.
Goldman Sachs & Co. LLC acted as exclusive financial advisor to Martin Marietta Materials, Inc. Cravath, Swaine & Moore LLP acted as legal advisor to Martin Marietta Materials, Inc. Bredin Prat & Associes acted as legal advisor to Martin Marietta Materials, Inc. BNP Paribas SA acted as financial advisor to Lhoist S.A. JPMorgan Chase & Co. acted as financial advisor to Lhoist S.A. N.M. Rothschild & Sons Limited acted as financial advisor to Lhoist S.A. Latham & Watkins LLP acted as legal advisor to Lhoist S.A. Declared Dividend • May 18
First quarter dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 1st June 2026 Payment date: 30th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 19%. Announcement • May 16
Martin Marietta Materials, Inc. announces Quarterly dividend, payable on June 30, 2026 Martin Marietta Materials, Inc. announced Quarterly dividend of USD 0.8300 per share payable on June 30, 2026, ex-date on June 01, 2026 and record date on June 01, 2026. Announcement • May 02
Martin Marietta Materials, Inc. Reaffirms Earnings Guidance for the Full Year 2026 Martin Marietta Materials, Inc. reaffirmed earnings guidance for the full year 2026. For the year, the company reaffirms revenues to be in the range of $7,000 million to $7,320 million; Net earnings from continuing operations attributable to the company of $1,062 million to $1,168 million . Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$1.31 (vs US$1.91 in 1Q 2025) First quarter 2026 results: EPS: US$1.31 (down from US$1.91 in 1Q 2025). Revenue: US$1.36b (flat on 1Q 2025). Net income: US$79.0m (down 32% from 1Q 2025). Profit margin: 5.8% (down from 8.6% in 1Q 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • May 01
Martin Marietta Materials, Inc. (NYSE : MLM) entered into a definitive agreement to acquire New Frontier Materials LLC. Martin Marietta Materials, Inc. (NYSE : MLM) entered into a definitive agreement to acquire New Frontier Materials LLC on April 19, 2026.
The transaction is expected to close in the second half of this year, subject to regulatory approvals and other customary closing conditions. Announcement • Apr 30
Martin Marietta Materials, Inc. Announces Executive Appointments Martin Marietta Materials, Inc. announced the appointment of Chris Samborski as Executive Vice President and Chief Operating Officer, effective May 1, 2026. Mr. Samborski has extensive experience leading operating and finance teams. He most recently served as President of Martin Marietta’s West and Specialties Divisions, where he was responsible for the overall operations and strategic direction of those business units. Under his leadership, both the West and Specialties Divisions achieved significant growth and success. Mr. Samborski previously served in several other leadership positions at Martin Marietta, including Vice President of Strategic Finance, Procurement and Supply Chain. Prior to joining Martin Marietta in 2018, Mr. Samborski spent close to ten years in leadership roles at Caterpillar Inc. and Johnson & Johnson, building broad and deep experience in business strategy, operations management and continuous improvement. With Mr. Samborski’s appointment, Kirk Light has assumed leadership of the West and Specialties Divisions while also retaining his historic duties as President of the Southwest Division. Mr. Samborski has held multiple leadership roles across operations and finance since joining Martin Marietta in 2018. Prior to serving as President of the West and Specialties Divisions, he was President of the Specialties Division (2022-2025), Vice President of Strategic Finance, Procurement and Supply Chain (2020-2021) and Vice President of Strategic Finance (2018-2020). Before joining Martin Marietta, Mr. Samborski began his career with General Electric Company and was selected for and completed GE’s elite Operations Management Leadership Program. He subsequently held leadership roles at Johnson & Johnson as well as Caterpillar Inc. He holds a Bachelor of Science degree in Industrial Engineering from the University of Wisconsin-Madison and an MBA in Strategy and General Management from the University of Michigan's Ross School of Business. Declared Dividend • Feb 22
Fourth quarter dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 2nd March 2026 Payment date: 31st March 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 20%. Buy Or Sell Opportunity • Feb 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to US$687. The fair value is estimated to be US$571, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Feb 20
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2026 The board of directors of Martin Marietta Materials, Inc. declared a regular quarterly cash dividend of $0.83 per share on the company’s outstanding common stock. This dividend will be payable on March 31, 2026, to shareholders of record at the close of business on March 2, 2026. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$16.36 (vs US$32.49 in FY 2024) Full year 2025 results: EPS: US$16.36 (down from US$32.49 in FY 2024). Revenue: US$6.15b (down 5.9% from FY 2024). Net income: US$990.0m (down 50% from FY 2024). Profit margin: 16% (down from 31% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Martin Marietta Materials, Inc. Appoints George F. Schoen as Executive Vice President, General Counsel and Corporate Secretary, Effective March 2026 Martin Marietta Materials, Inc. announced the appointment of George F. Schoen as Executive Vice President, General Counsel and Corporate Secretary, effective March 2026. Mr. Schoen was previously Co-Chair of the Global Mergers and Acquisitions Practice at Cravath, Swaine & Moore LLP. He has extensive experience in M&A, corporate governance, and has advised on significant corporate transactions over the past 25 years. His experience spans public company mergers and acquisitions, hostile and contested transactions, shareholder activism defense, joint ventures and strategic board-level counseling. At Cravath, Mr. Schoen represented companies across multiple industries including construction materials, energy, industrials, media, technology, healthcare and financial services. His notable matters include industry-defining transactions such as Disney’s acquisition of 21st Century Fox, Occidental Petroleum’s acquisition of Anadarko, and Precision Castparts in its acquisition by Berkshire Hathaway, along with numerous high-profile activism defense engagements. Mr. Schoen has been repeatedly recognized as a leading M&A lawyer by, among others, Chambers USA, The Legal 500 US and IFLR1000. Mr. Schoen was named as a “Dealmaker of the Year” by the New York Law Journal in 2022 and The American Lawyer in 2019, and one of “Hollywood’s Top 20 Dealmakers” by The Hollywood Reporter in 2018. Additionally, he has been named by Lawdragon as one of the “500 Leading Lawyers in America,” “500 Leading Dealmakers in America” and “500 Global Leaders in Crisis Management.” Mr. Schoen joined Cravath in 1998 and was elected a partner in 2005. He served as the Firm’s Corporate Hiring Partner from 2011 to 2014. He received a B.A. from Cornell University in 1995 and a J.D. with honors from the University of Chicago Law School in 1998. Announcement • Feb 11
Martin Marietta Materials, Inc. Provides Earnings Guidance for the Year 2026 Martin Marietta Materials, Inc. provided earnings guidance for the year 2026. For the year, the company expects revenues in the range of $6,420 million to $6,780 million, Net earnings from continuing operations attributable to Martin Marietta in the range of $1,043 million to $1,158 million, Consolidated net earnings attributable to Martin Marietta in the range of $1,243 million to $1,358 million. Buy Or Sell Opportunity • Feb 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to US$673. The fair value is estimated to be US$552, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period. Announcement • Jan 22
Martin Marietta Materials, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Martin Marietta Materials, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 11, 2026 Buy Or Sell Opportunity • Jan 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.1% to US$661. The fair value is estimated to be US$543, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Declared Dividend • Nov 16
Third quarter dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 1st December 2025 Payment date: 31st December 2025 Dividend yield will be 0.5%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 20%. Announcement • Nov 14
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on December 31, 2025 Martin Marietta Materials, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.83 per share on the Company’s outstanding common stock. This dividend will be payable on December 31, 2025, to shareholders of record at the close of business on December 1, 2025. New Risk • Nov 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: US$5.99 (vs US$5.94 in 3Q 2024) Third quarter 2025 results: EPS: US$5.99. Revenue: US$1.85b (down 2.3% from 3Q 2024). Net income: US$361.0m (flat on 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Basic Materials industry in the United Kingdom. Announcement • Nov 05
Martin Marietta Materials, Inc. Raises Earnings Guidance for the Full Year 2025 Martin Marietta Materials, Inc. raised earnings guidance and consolidated earnings guidance for the full year 2025. For the year, the company expected revenues to be in the range of $6,075 million to $6,250 million; Net earnings attributable to Martin Marietta to be in the range of $985 million to $1,015 million and Consolidated net earnings attributable to Martin Marietta of $1,145 million to $1,175 million . Announcement • Oct 15
Martin Marietta Materials, Inc. to Report Q3, 2025 Results on Nov 04, 2025 Martin Marietta Materials, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025 Declared Dividend • Aug 17
Second quarter dividend increased to US$0.83 Dividend of US$0.83 is 5.1% higher than last year. Ex-date: 2nd September 2025 Payment date: 30th September 2025 Dividend yield will be 0.5%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 20%. Announcement • Aug 15
Martin Marietta Materials, Inc. Increases Quarterly Cash Dividend, Payable on September 30, 2025 Martin Marietta Materials, Inc. announced that its Board of Directors approved an increase in its quarterly cash dividend, raising it from $0.79 per share to $0.83 per share on the Company’s outstanding common stock. This dividend, representing a cash dividend of $3.32 per share on an annualized basis, is payable September 30, 2025, to shareholders of record at the close of business on September 2, 2025. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$5.44 (vs US$4.78 in 2Q 2024) Second quarter 2025 results: EPS: US$5.44 (up from US$4.78 in 2Q 2024). Revenue: US$1.81b (up 2.7% from 2Q 2024). Net income: US$328.0m (up 12% from 2Q 2024). Profit margin: 18% (up from 17% in 2Q 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Announcement • Aug 07
Martin Marietta Materials, Inc. Provides Consolidated Earnings Guidance for the Full Year 2025 Martin Marietta Materials, Inc. provided consolidated earnings guidance for the full year 2025. For the year, the company expected revenues to be in the range of $6,820 million to $7,120 million; Net earnings attributable to Martin Marietta to be in the range of $1,095 million to $1,185 million, with Mid-Point of Range $1,140 million. Announcement • Jul 24
Martin Marietta Materials, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Martin Marietta Materials, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Declared Dividend • May 18
First quarter dividend of US$0.79 announced Shareholders will receive a dividend of US$0.79. Ex-date: 2nd June 2025 Payment date: 30th June 2025 Dividend yield will be 0.6%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 31%. Announcement • May 16
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2025 Martin Marietta Materials, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.79 per share on the Company’s outstanding common stock. This dividend will be payable on June 30, 2025, to shareholders of record at the close of business on June 2, 2025. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: US$1.91 (vs US$16.91 in 1Q 2024) First quarter 2025 results: EPS: US$1.91 (down from US$16.91 in 1Q 2024). Revenue: US$1.35b (up 8.2% from 1Q 2024). Net income: US$116.0m (down 89% from 1Q 2024). Profit margin: 8.6% (down from 84% in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 12
Martin Marietta Materials, Inc. Announces Chief Financial Officer Changes, Effective April 11, 2025 Martin Marietta Materials, Inc. announced on April 9, 2025, James A.J. Nickolas notified the company of his decision to resign as Chief Financial Officer, effective April 11, 2025 (the “Transition Date”), to join a publicly traded equipment, technology and services company as its Chief Financial Officer. Mr. Nickolas’ resignation is for personal reasons to enable him and his family to relocate to their hometown of Chicago and did not arise from any disagreement on any matter relating to the operations, policies, financial results or accounting practices of the Company. On April 10, 2025, the Company appointed Robert J. Cardin, age 61, to serve as the Company’s Interim Chief Financial Officer, effective as of the Transition Date, and he will hold the position of Interim Chief Financial Officer until his successor is chosen and qualified. Mr. Cardin will continue to serve as Senior Vice President, Controller and Chief Accounting Officer, a position he has held with the Company since 2019. Mr. Cardin is a Certified Public Accountant and holds a bachelor’s degree from the University of Michigan and a Master’s of Business Administration degree from Wayne State University. The Company has initiated a search process of internal and external candidates with the assistance of a leading executive search firm to identify the Company’s next Chief Financial Officer. Buy Or Sell Opportunity • Mar 03
Now 23% overvalued Over the last 90 days, the stock has fallen 17% to US$490. The fair value is estimated to be US$398, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are forecast to decline by 9.3% per annum over the same time period. Announcement • Feb 24
Martin Marietta Materials, Inc., Annual General Meeting, May 15, 2025 Martin Marietta Materials, Inc., Annual General Meeting, May 15, 2025. Declared Dividend • Feb 24
Fourth quarter dividend of US$0.79 announced Shareholders will receive a dividend of US$0.79. Ex-date: 3rd March 2025 Payment date: 31st March 2025 Dividend yield will be 0.6%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 32%. New Risk • Feb 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 91% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.5% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Large one-off items impacting financial results. Announcement • Feb 21
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2025 Martin Marietta Materials, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.79 per share on the Company’s outstanding common stock. This dividend will be payable on March 31, 2025, to shareholders of record at the close of business on March 3, 2025. Announcement • Feb 13
Martin Marietta Materials, Inc. Provides Earnings Guidance for the Year 2025 Martin Marietta Materials, Inc. provided earnings guidance for the year 2025. For the period, Company expects Total revenues in the range of $6,830 million to $7,230 million. Net earnings from continuing operations attributable to Martin Marietta in the range of $1,005 million to $1,175 million. Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: US$32.49 (vs US$19.38 in FY 2023) Full year 2024 results: EPS: US$32.49 (up from US$19.38 in FY 2023). Revenue: US$6.54b (down 3.6% from FY 2023). Net income: US$2.00b (up 66% from FY 2023). Profit margin: 31% (up from 18% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Martin Marietta Materials, Inc. to Report Q4, 2024 Results on Feb 12, 2025 Martin Marietta Materials, Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 12, 2025 Buy Or Sell Opportunity • Dec 14
Now 21% undervalued Over the last 90 days, the stock has risen 5.4% to US$550. The fair value is estimated to be US$692, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are forecast to decline by 14% per annum over the same time period. Announcement • Dec 04
Martin Marietta Materials, Inc. Announces the Retirement of Roselyn R. Bar as Executive Vice President, General Counsel and Corporate Secretary Martin Marietta Materials, Inc. announced that, on December 2, 2024, Roselyn R. Bar, Executive Vice President, General Counsel and Corporate Secretary, informed the company of her decision to retire from the Company in the second half of 2025. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 02 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 9.3% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.6%). Declared Dividend • Nov 11
Third quarter dividend of US$0.79 announced Shareholders will receive a dividend of US$0.79. Ex-date: 2nd December 2024 Payment date: 31st December 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 37%. Announcement • Nov 08
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable December 31, 2024 Martin Marietta Materials, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.79 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $3.16 per share on an annualized basis, is payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$5.94 (vs US$6.96 in 3Q 2023) Third quarter 2024 results: EPS: US$5.94 (down from US$6.96 in 3Q 2023). Revenue: US$1.89b (down 5.3% from 3Q 2023). Net income: US$363.0m (down 16% from 3Q 2023). Profit margin: 19% (down from 22% in 3Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Martin Marietta Materials, Inc. Revises Consolidated Earnings Guidance for the Full Year 2024 Martin Marietta Materials, Inc. revised consolidated earnings guidance for the full year 2024. For the period, the company expects total revenues to be in the range of $6,450 million to $6,705 million. Net earnings from continuing operations attributable to Martin Marietta to be in the range of $1,960 million to $2,020 million. Announcement • Oct 11
Martin Marietta Materials, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Martin Marietta Materials, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Declared Dividend • Aug 19
Second quarter dividend increased to US$0.79 Dividend of US$0.79 is 6.8% higher than last year. Ex-date: 3rd September 2024 Payment date: 30th September 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 37%. Announcement • Aug 16
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on September 30, 2024 Martin Marietta Materials, Inc. announced that its Board of Directors approved a 7% increase in its quarterly cash dividend, raising it from $0.74 per share to $0.79 per share on the Company’s outstanding common stock. This dividend, representing a cash dividend of $3.16 per share on an annualized basis, is payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024. New Risk • Aug 09
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results. Announcement • Aug 08
Martin Marietta Materials, Inc. Revises Consolidated Earnings Guidance for the Full Year 2024 Martin Marietta Materials, Inc. revised consolidated earnings guidance for the full year 2024. For the year, the company expects total revenues of $6,500 Million to $6,900 Million. Net earnings from continuing operations attributable to Martin Marietta of $2,030 Million to $2,165 Million. Buy Or Sell Opportunity • Jul 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to US$552. The fair value is estimated to be US$691, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are forecast to decline by 11% per annum over the same time period. Announcement • Jul 17
Martin Marietta Materials, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Martin Marietta Materials, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Buy Or Sell Opportunity • Jul 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to US$527. The fair value is estimated to be US$666, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are forecast to decline by 11% per annum over the same time period. Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to US$554. The fair value is estimated to be US$704, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are forecast to decline by 11% per annum over the same time period. Declared Dividend • May 20
First quarter dividend of US$0.74 announced Shareholders will receive a dividend of US$0.74. Ex-date: 3rd June 2024 Payment date: 28th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 21%. Announcement • May 18
Martin Marietta Materials, Inc Declares Quarterly Cash Dividend, Payable June 28, 2024 Martin Marietta Materials, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.74 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024. Announcement • May 03
Martin Marietta Materials, Inc. Revises Consolidated Earnings Guidance for the Year 2024 Martin Marietta Materials, Inc. revised consolidated earnings guidance for the year 2024. For the year, the company expects total revenues of $6,900 Million to $7,300 Million. Net earnings from continuing operations attributable to Martin Marietta of $2,210 Million to $2,300 Million. New Risk • May 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 93% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$19m sold). Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$16.91 (vs US$2.16 in 1Q 2023) First quarter 2024 results: EPS: US$16.91 (up from US$2.16 in 1Q 2023). Revenue: US$1.25b (down 7.6% from 1Q 2023). Net income: US$1.05b (up US$910.7m from 1Q 2023). Profit margin: 84% (up from 9.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Martin Marietta Materials, Inc., Annual General Meeting, May 16, 2024 Martin Marietta Materials, Inc., Annual General Meeting, May 16, 2024, at 08:00 US Eastern Standard Time. Location: 4123 Parklake Avenue NC 27612 Raliegh North Carolina United States Agenda: To elect 10 directors; to ratify the appointment of PricewaterhouseCoopers LLP as independent auditors for 2024; and to discuss other matters. Announcement • Apr 09
Martin Marietta Materials, Inc. to Report Q1, 2024 Results on Apr 30, 2024 Martin Marietta Materials, Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Recent Insider Transactions • Mar 16
Executive VP recently sold US$6.0m worth of stock On the 14th of March, Roselyn Bar sold around 10k shares on-market at roughly US$603 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$12m. Insiders have been net sellers, collectively disposing of US$20m more than they bought in the last 12 months. Recent Insider Transactions • Mar 07
Chairman recently sold US$12m worth of stock On the 5th of March, C. Nye sold around 20k shares on-market at roughly US$604 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was C.'s only on-market trade for the last 12 months. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$19.38 (vs US$13.75 in FY 2022) Full year 2023 results: EPS: US$19.38 (up from US$13.75 in FY 2022). Revenue: US$6.78b (up 10.0% from FY 2022). Net income: US$1.20b (up 40% from FY 2022). Profit margin: 18% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.74 announced Shareholders will receive a dividend of US$0.74. Ex-date: 1st March 2024 Payment date: 28th March 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.4%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 21%. Announcement • Feb 23
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on March 28, 2024 Martin Marietta Materials, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.74 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable March 28, 2024, to shareholders of record at the close of business on March 4, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: US$19.38 (vs US$13.75 in FY 2022) Full year 2023 results: EPS: US$19.38 (up from US$13.75 in FY 2022). Revenue: US$6.78b (up 18% from FY 2022). Net income: US$1.20b (up 40% from FY 2022). Profit margin: 18% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Announcement • Feb 14
Martin Marietta Materials, Inc. Provides Earnings Guidance for the Year 2024 Martin Marietta Materials, Inc. provides earnings guidance for the year 2024. For the period, company expects total revenue to be in the range of USD 6,745 Million to USD 7,185 Million. net earnings from continuing operations attributable to martin marietta to be in range of USD 1,205 Million to USD 2,340 Million. Announcement • Feb 13
CRH Americas Materials, Inc. completed the acquisition of Martin Marietta South Texas Cement, LLC and Martin Marietta’s South Texas ready-mix concrete operations from Martin Marietta Materials, Inc. (NYSE:MLM). CRH Americas Materials, Inc. entered into an Equity and Asset Purchase Agreement to acquire Martin Marietta South Texas Cement, LLC and Martin Marietta’s South Texas ready-mix concrete operations from Martin Marietta Materials, Inc. (NYSE:MLM) for $2.1 billion on November 20, 2023. Under the terms of agreement, CRH Americas Materials is paying the consideration of $2.1 billion in cash. As part of the agreement, Martin Marietta South Texas Cement, LLC as well as it's assets will be traded which comprise a 2.1 mt capacity cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas and a portfolio of 20 ready mixed concrete plants with annual shipments of c.1.6m cubic yards serving the Austin and San Antonio markets. In the event that transaction is not consummated then CRH Americas shall pay or cause to be paid to Martin Marietta a termination fee of $100 million in cash.
The transaction is subject to the regulatory approval, expiration or termination of the applicable waiting period the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close in H1, 2024..
Richard Cicchillo, Jr. and Kelsey P. Donnalley of Kilpatrick Townsend & Stockton LLP acted as legal advisor to CRH Americas Materials, Inc. Robert I. Townsend III, and George F. Schoen, Joseph D. Zavaglia, Kelly M. Smercina, Christopher K. Fargo, Matthew J. Bobby, Matthew Morreale, Annmarie M. Terraciano, Joyce Law, Brian M. Budnick, Nicole M. Peles and Lauren Piechocki of Cravath, Swaine & Moore LLP acted as legal advisor to Martin Marietta Materials, Inc. Evercore Group L.L.C. is acting as financial advisor to Martin Marietta.
CRH Americas Materials, Inc. completed the acquisition of Martin Marietta South Texas Cement, LLC and Martin Marietta’s South Texas ready-mix concrete operations from Martin Marietta Materials, Inc. (NYSE:MLM) on February 12, 2024. Announcement • Feb 07
Martin Marietta Materials, Inc. to Report Q4, 2023 Results on Feb 14, 2024 Martin Marietta Materials, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 14, 2024 Announcement • Jan 16
Martin Marietta Materials, Inc. (NYSE:MLM) completed the acquisition of Albert Frei & Sons, Inc. Martin Marietta Materials, Inc. (NYSE:MLM) acquired Albert Frei & Sons, Inc. on January 12, 2024. AFS team will join Martin Marietta. This transaction expects to be immediately accretive to earnings, margins and cash flow as redeploy proceeds from prior divestitures.
Martin Marietta Materials, Inc. (NYSE:MLM) completed the acquisition of Albert Frei & Sons, Inc. on January 12, 2024. Announcement • Nov 23
CRH Americas Materials, Inc. entered into a definitive agreement to acquire Portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE:MLM) for $2.1 billion. CRH Americas Materials, Inc. entered into a definitive agreement to acquire Portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE:MLM) for $2.1 billion on November 21, 2023. The Assets comprise a 2.1mt capacity cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas and a portfolio of 20 readymixed concrete plants with annual shipments of c.1.6m cubic yards serving the Austin and San Antonio markets. The transaction is subject to the regulatory approval and expect to close in H1, 2024. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.74 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.1%). Announcement • Nov 22
CRH Americas Materials, Inc. reached an agreement to acquire portfolio of cement and ready mixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE : MLM) for $2.1 billion. CRH Americas Materials, Inc. reached an agreement to acquire portfolio of cement and ready mixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE : MLM) for $2.1 billion on November 21, 2023. The combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately $170 million. The proposed transaction is subject to regulatory approval and is expected to complete in H1 2024. The combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately $170 million. Announcement • Nov 10
Martin Marietta Declares Quarterly Cash Dividend, Payable on December 29, 2023 Martin Marietta Materials, Inc. announced a regular quarterly cash dividend of $0.74 per share, payable on December 29, 2023, to shareholders of record at the close of business on December 1, 2023. The dividend represents a cash dividend of $2.96 per share on an annualized basis. Announcement • Nov 02
Martin Marietta Materials, Inc. Provides Consolidated Earnings Guidance for the Year 2023 Martin Marietta Materials, Inc. provided consolidated earnings guidance for the year 2023. For the year, the company expects Total revenues of $6,735 Million to $6,855 Million. Net earnings from continuing operations attributable to Martin Marietta of $1,095 Million to $1,195 Million. 
