Martin Marietta Reports Record Fourth-Quarter and Full-Year Results

February 14, 2017

RALEIGH, N.C.--(BUSINESS WIRE)-- Martin Marietta Materials, Inc. (NYSE:MLM) today reported record results for the fourth-quarter and full-year 2016.

For the fourth quarter of 2016, Martin Marietta achieved net sales of $889.0 million compared with $780.8 million in the 2015 fourth quarter; EBITDA was $229.7 million compared with $204.4 million; and earnings per diluted share were $1.55 compared with $1.26.

For the full year, net sales were $3.58 billion compared with $3.27 billion in 2015; EBITDA was $971.6 million compared with $750.7 million; and earnings per diluted share were $6.63 compared with $4.29, up nearly 55 percent.

Ward Nye, Chairman, President and CEO of Martin Marietta, stated: As demonstrated by our fourth-quarter and full-year results, we continue to capitalize on the economic recovery occurring in virtually all of our segments and geographies. We delivered record net sales, gross profit, net earnings and earnings per diluted share for both the fourth quarter and full year - building on the record results delivered in 2015 and the first three quarters of 2016. Looking ahead, we expect continued and accelerating growth in all three of the Company's primary construction end-uses, and our leading market positions will allow us to continue benefitting from these opportunities in 2017 and beyond. We are highly confident that a durable, multi-year construction recovery is now underway, consistent with third-party forecasts.

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