Martin Marietta Materials Inc (N:MLM)
Business Focus: Construction Materials
| Sector: Basic Materials | Industry: Construction Materials |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4123 PARKLAKE AVE RALEIGH NC 27612 |
| Tel: | N/A |
| Website: | https://www.martinmarietta.com |
| IR: | See website |
| Key People | ||
| C. Howard Nye Chairman of the Board, President, Chief Executive Officer | James A. J. Nickolas Chief Financial Officer, Senior Vice President | Kelly Bennett Chief Human Resource Officer, Senior Vice President |
| Craig M. Latorre Chief Human Resource Officer, Senior Vice President | Roselyn R. Bar Executive Vice President, General Counsel, Corporate Secretary | Robert J. Cardin Senior Vice President, Chief Accounting Officer, Controller |
| John P. Mohr Senior Vice President, Chief Information Officer | Oliver W. Brooks Senior Vice President - Enterprise Excellence | Michael J. Petro Senior Vice President - Strategy and Development |
| Business Overview |
| Martin Marietta Materials, Inc. is a natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 360 quarries, mines and distribution yards in 28 states, Canada and The Bahamas. It also provides cement and downstream products, namely, ready mixed concrete, asphalt and paving services in targeted markets. The Company conducts its Building Materials business through two segments, such as the East Group and the West Group. The East Group provides aggregates and asphalt products. The West Group provides aggregates, cement, downstream products and paving services. The Company's Magnesia Specialties business produces and sells dolomitic lime from its Woodville, Ohio facility and manufactures magnesia-based chemical products at its Manistee, Michigan facility. The Company also owns 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Martin Marietta Materials Inc revenues increased 10% to $6.78B. Net income before extraordinary items increased 40% to $1.2B. Revenues reflect West Group segment increase of 18% to $3.7B, East Group segment increase of 19% to $2.76B, Magnesia Specialties segment increase of 4% to $315.4M. Net income benefited from East Group segment income increase of 34% to $857.1M. |
| Employees: | 9,400 as of Jan 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $39,600M as of Dec 31, 2023 |
| Annual revenue (TTM): | $6,777M as of Dec 31, 2023 |
| EBITDA (TTM): | $2,129M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,200M as of Dec 31, 2023 |
| Free cash flow (TTM): | $704.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,073M as of Dec 31, 2023 |
| Shares outstanding: | 61,718,535 as of Mar 7, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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