Martin Marietta Materials, Inc.
616.92+0.08 (+0.01%)
Oct 29, 4:00:02 PM EDT · NYSE · MLM · USD
Key Stats
Market Cap
37.20BP/E (TTM)
34.12Basic EPS (TTM)
18.08Dividend Yield
0.01%Recent Filings
8-K
Extended $400M receivables facility
Martin Marietta Materials extended its $400 million trade receivables securitization facility to September 16, 2026, via the Seventeenth Amendment, while keeping the potential to expand to $600 million. Borrowings now carry interest at Adjusted Term SOFR plus 0.700%, down from prior terms, aiding liquidity amid steady operations. An amortization event triggers if material debt defaults occur. This bolsters funding flexibility without added costs.
8-K
SOAR 2030 plan unveiled
Martin Marietta unveiled its SOAR 2030 plan at the September 3, 2025, Capital Markets Day, codifying the Martin Operating System to align sales and production for precision pricing and cost management. This builds on SOAR's track record, targeting 250 bps aggregates price/cost spread expansion and low double-digit EBITDA CAGR through 2030, fueled by organic growth and M&A in high-growth markets. Yet risks like economic downturns loom large. SOAR 2030 sharpens the edge.
8-K
Q2 records, raised guidance
Martin Marietta posted Q2 2025 revenues of $1.811 billion, up 3% from last year, with aggregates gross profit hitting a record $430 million on 7% higher pricing despite flat shipments. Magnesia Specialties notched record revenues of $90 million and 40% gross margins, fueled by pricing and efficiency. The company raised full-year Adjusted EBITDA guidance to $2.25-$2.35 billion, while sealing the Premier acquisition and inking an asset swap with Quikrete for $450 million cash and 20 million tons of annual aggregates capacity. Portfolio shifts bolster cycle resilience, yet weather and market softness pose shipment risks.
8-K
Asset swap for aggregates
Martin Marietta Materials announced an equity and asset exchange with Quikrete Holdings on August 3, 2025, swapping its Midlothian cement plant and North Texas ready-mix operations for Quikrete's aggregates sites in Virginia, Missouri, Kansas, and Western Canada, plus $450 million in cash. The deal awaits HSR antitrust clearance and Canadian regulatory approval, with a potential close by August 3, 2026. It sharpens Martin Marietta's aggregates focus. Regulatory hurdles loom large.
10-Q
Q2 FY2025 results
Martin Marietta posted solid Q2 results, with revenues climbing 2.7% year-over-year to $1.811B on stronger aggregates pricing, while gross profit rose 5.2% to $544M and margins ticked up to 30%. Operating earnings jumped 15% to $458M, fueled by East Group strength in new Southeast markets from last year's acquisitions, yet West Group faced headwinds from residential softness and weather delays. Diluted EPS hit $5.43, up 14% from $4.76, backed by 60.4 million shares. Cash from operations reached $605M year-to-date, funding $412M in capex and $450M in buybacks, leaving $225M in cash against $5.4B debt and full availability on its $1.2B facilities. Acquisitions like Premier Magnesia in July bolster the specialties unit. Still, volatile energy costs pose a persistent squeeze.
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