Cement News tagged under: Martin Marietta Materials
Martin Marietta Materials’ improves prices in spite of some weak markets14 February 2018, Published under Cement NewsMartin Marietta Materials saw turnover advance by 3.8 per cent in 2017 to US$3965.6m and EBITDA was 3.4 per cent ahead at US$1004.4m, with the final quarter showing a 14.2 per cent advance. The trading profit improved by 3.4 per cent to US$700.4m while interest charge increased by 12 per cent 91.5m, giving a pretax profit two per cent ahead at US$618.9m. Thanks to a tax credit, the net attributable profit it improved by 67.7 per cent to US$713.3m. Martin Marietta's aggregates production... |
Martin Marietta 3Q17 results see cement shipments down 9.7%03 November 2017, Published under Cement NewsMartin Marietta's 3Q17 total revenues for the building materials business, which includes the aggregates, cement, ready-mixed concrete and asphalt and paving product lines, were US$1.024bn, down slightly from US$1.039bn. The cement product line generated pricing growth of 3.9 per cent, driven by ongoing construction activity in the Dallas/Fort Worth area. Ready-mixed concrete and asphalt pricing increased 4.9 per cent and 11.8 per cent, respectively. Average selling prices improved acro... |
Martin Marietta modest first half growth03 August 2017, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 8.4 per cent ahead at US$1788m while the EBITDA was ahead by five per cent to US$440m. The trading profit improved by 4.7 per cent to US$290m and after a net interest charge that was 11.4 per cent higher at US$44.9m and other items, the pre-tax profit advanced by 4.5 per cent to US$251m and after a lower tax charge, the net attributable profit advanced by 10.5 per cent to US$184.6m... |
Martin Marietta Materials to acquire Bluegrass27 June 2017, Published under Cement NewsMartin Marietta Materials Inc and Bluegrass Materials Company announced that they have entered into a definitive agreement under which Martin Marietta will acquire aggregates company Bluegrass for US$1.625bn in cash. Bluegrass is the largest privately-held, pure-play aggregates company in the United States, with a portfolio of more than 125 years of high-quality reserves. Bluegrass operates 23 active sites across Georgia, South Carolina, Maryland, Kentucky and Tennessee, generating consolid... |
Martin Marietta announces CFO transition23 June 2017, Published under Cement NewsMartin Marietta Materials, Inc announced that Anne H Lloyd will retire as executive vice president and chief financial Officer of the company, effective mid-August, 2017. Ms Lloyd will remain with the company through September to ensure a smooth transition. The Board of Directors has identified James A J Nickolas as Ms Lloyd's successor, effective in mid-August. He will serve as Senior Vice President and Chief Financial Officer and will report to C Howard (Ward) Nye, Chairman, President and... |
USA: Martin Marietta 3Q16 cement sales generate US$60.1m02 November 2016, Published under Cement NewsMartin Marietta's 3Q16 results showed its cement business generated US$60.1m of net sales and US$29.7m of gross profit for the company. EBITDA growth for the company in the 3Q16 was US$32.8m, representing a 30.1 per cent increase on the US$248.2m for the same period in 2015. The company sees improving conditions in most Texas markets despite cement and aggregate shipments being negatively impacted during the 3Q16 by department of transportation project delays and slower activity in the so... |
USA: Martin Marietta 2Q16 gross profits up 23%03 August 2016, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 11.3 per cent ahead at US$1649.8m and EBITDA rose by 40.6 per cent to US$419.1m. The trading profit jumped by 67 per cent to US$271.5m and after a net interest charge that was 5.4 per cent higher at US$40.3m and other items, the pretax profit jumped by 90.3 per cent to US$240.3m and the net attributable profit advanced by 89.6 per cent to US$167m. Net debt at the end of June was 8.8 pe... |
Martin Marietta reports strong Q1 profit advance06 May 2016, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-quarter turnover 16.2 per cent ahead at US$734.0m and EBITDA rose by 67.3 per cent to US$152.6m. The trading profit was more than trebled, rising from US$.25.6m to US$83.8m and after a net interest charge that was 3.6 per cent higher at US$20m and after other items, the pretax profit emerged at US$64.8m compared with just US$5.4m and the net attributable profit jumped from US$6.1m to US$45m. Capital... |
New executive VP at Martin Marietta25 November 2015, Published under Cement NewsMartin Marietta Materials Inc announced that its Board of Directors has elected Roselyn R Bar, Senior Vice President, General Counsel and Corporate Secretary, an Executive Vice President of the company. Ms Bar joined the company in 1994 as assistant general counsel and assistant corporate secretary. She was promoted to corporate secretary in 1997 and associate general counsel in 1998. She became deputy general counsel in 2000 and was named vice president and general counsel in 2001. Prior t... |
Martin Marietta Materials expects aggregates prices to improve by some 8%04 November 2015, Published under Cement NewsMartin Marietta Materials, with a full year’s contribution from Texas Industries (TXI) increased turnover by 28.2 per cent to US$2695m in the first nine months of the calendar year while EBITDA advanced by 54.7 per cent to US$542m. The trading profit rose by 74.3 per cent to US$342.1m and the net interest charge rose by 27.6 per cent to US$57.4m. The pre-tax profit advanced by 94.2 per cent to US$291.3m and with the tax charge rising by a more modest 43.6 per cent, the net profit more th... |