Shipments and Pricing Improved Across Majority of Building Materials Business with Robust Double-Digit-Growth in Aggregates Volume
Magnesia Specialties Business Posted Quarterly Records for Revenues and Profitability
Continued Growth in All Three of Company’s Primary End-Use Markets Anticipated
Company’s Top 10 States Expected to Outperform the Nation
RALEIGH, N.C. (April 30, 2019) – Martin Marietta Materials, Inc. (NYSE:MLM) today reported results for the first quarter ended March 31, 2019.
Ward Nye, Chairman, President and CEO of Martin Marietta, stated, “Our Company delivered strong operating and financial performance for the first three months of 2019, including first-quarter records for revenues and EBITDA (Earnings Before Interest, Taxes, and Depreciation and Amortization). Driven by improved shipments, pricing and cost management, we are off to a promising start to what we expect to be another record year for Martin Marietta. Notably, the Building Materials business benefitted from robust pent-up demand as well as modestly improved weather across portions of our geographic footprint, which allowed for an early beginning to the construction season. These encouraging trends, combined with favorable pricing momentum and growing contractor backlogs, reaffirm our confidence in our full-year outlook.
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