Cement News tagged under: Martin Marietta Materials

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Cement industry and the COVID-19 crisis

20 March 2020, Published under Cement News

This week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 March, to keep businesses running and employees safe. Many countries have already announced emergency financial packages and stimulus measures to support businesses and protect livelihoods, as countries impose social distancing measures and quarantine measures to slow the virus. The latest reports reveal that buildi...

Martin Marietta Materials achieves record volumes and profits

13 February 2019, Published under Cement News

US-based Martin Marietta Materials saw turnover advance by seven per cent in 2018 to US$4244.3m. EBITDA was 8.6 per cent ahead at US$1103.8m, but the final quarter showed a 5.9 per cent decline. The trading profit eased by 1.4 per cent to US$690.7m, while interest charge increased by 49.8 per cent 137.1m, giving a pretax profit 6.9 per cent lower at US$576.1m. A tax charge compared with a credit in the previous year gave a net attributable profit 34.1 per cent lower at US$470m. The compan...

Martin Marietta acquires CRH America's divested asset

04 July 2018, Published under Cement News

US-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was required to divest these assets as part of its acquisition of Ash Grove Cement Co. Furthermore, Martin Marietta has sold two aggregate quarries to resolve competition issues with respect to its recent acquisition of Bluegrass Materials Co, according to AggNet. "We’re pleased to conclude the DoJ’s Hart-Scott-Rod...

Martin Marietta reports a weak Q1 on lower volumes

09 May 2018, Published under Cement News

Martin Marietta Materials, which last month completed its acquisition of Bluegrass, then the largest privately-held US aggregates company, has announced a first-quarter turnover five per cent below the comparable period last year at US$802m, while EBITDA showed a 16.5 per cent reduction to US$123.3m. The trading profit declined from US$77.2m to US$39.1m, a 49.4 per cent fall. After a net interest charge that was 67.9 per cent higher at US$35.1m and after other items, the pretax profit emerge...

Martin Marietta Materials’ improves prices in spite of some weak markets

14 February 2018, Published under Cement News

Martin 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 News

Martin 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 growth

03 August 2017, Published under Cement News

Martin 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 Bluegrass

27 June 2017, Published under Cement News

Martin 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 transition

23 June 2017, Published under Cement News

Martin 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$60.1m

02 November 2016, Published under Cement News

Martin 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...