Cement News tagged under: Martin Marietta Materials

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Martin Marietta completes Lehigh West Region acquisition

04 October 2021, Published under Cement News

US-based Martin Marietta Materials Inc has successfully completed the acquisition of Lehigh Hanson’s West Region business for US$2.3bn. The acquisition provides the company with 17 active aggregates facilities, two cement plants and related distribution terminals, alongside targeted downstream operations serving key California and Arizona regions, including the Bay Area, Los Angeles, San Diego and Phoenix, according to a press release. "We are pleased to complete the Lehigh West Region ac...

HeidelbergCement sells US West region assets to Martin Marietta

24 May 2021, Published under Cement News

As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the US West region to the US based company Martin Marietta Materials, Inc. The sale price is US$2.3bn in cash.  "The sale of our US West region activities is a major step in our portfolio optimization as part of our 'Beyond 2020' strategy," said Dr Dominik von Achten, chairman of the Managing Board of Heidelbe...

Martin Marietta reports record adjusted EBITDA

06 May 2021, Published under Cement News

USA-based Martin Marietta Materials reported a 0.3 per cent increase in cement shipments for the first quarter ended 31 March 2021, despite the winter storm that shut down the company’s cement operations for 11 days in February.   The company’s Midlothian facility in north Texas experienced double-digit shipment growth for the quarter, demonstrating robust demand in the Dallas/Fort Worth metroplex that offset weather-related impacts and reduced energy-sector activity in south and west Texas...

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...