Profile
Sector:
Basic MaterialsIndustry:
Building MaterialsCountry:
United StatesIPO:
17 February 1994Website:
http://www.martinmarietta.comNext earnings report:
14 February 2025Last dividends:
03 September 2024Next dividends:
02 December 2024Price
after hours | Tue, 19 Nov 2024 23:48:01 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
MLM Latest News
RALEIGH, N.C., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.79 per share for its common stock. This amounts to an annual cash dividend of $3.16 per share and will be paid on December 31, 2024, to shareholders who are on record by the end of business on December 2, 2024.
On October 31, 2024, Martin Marietta Materials, Inc. announced the pricing of its $750 million offering of Senior Notes, which includes 5.150% Notes maturing in 2034 and 5.500% Notes maturing in 2054. The 2034 Notes will mature on December 1, 2034, and the 2054 Notes will mature on December 1, 2054, with interest paid twice a year starting June 1, 2025. These Notes will be sold under Martin Marietta's registration statement with the SEC.
Martin Marietta Materials experienced a good increase in its stock price, despite announcing lower revenue and earnings for the third quarter of its 2024 fiscal year. While the company has performed well, its shares are becoming quite expensive, although the recent outlook for 2024 is positive. Investors might want to view the company more cautiously rather than being overly optimistic.
The earnings call for Martin Marietta Materials, Inc. (NYSE:MLM) took place on October 30, 2024, at 10:00 AM ET. Key participants included Jacklyn Rooker, the Director of Investor Relations, Ward Nye, the Chair and CEO, and Jim Nickolas, the EVP and CFO. Various conference call participants from different financial firms also joined the discussion.
MLM's results for the third quarter show a decrease in volumes, even though they took effective pricing measures.
While the revenue and earnings per share (EPS) for Martin Marietta (MLM) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Martin Marietta (MLM) reported quarterly earnings of $5.91 per share, which is lower than the Zacks Consensus Estimate of $6.41 per share. This is a decrease compared to earnings of $6.94 per share from the same period last year.
Martin Marietta Materials, Inc. announced impressive results for the third quarter ending September 30, 2024, achieving record gross profit per ton despite challenges from the weather. The company also reported strong cash flows from operations and increased revenues and gross profit from its Magnesia Specialties segment. Additionally, Martin Marietta acquired Pure Aggregates assets in South Florida and Southern California.
MLM's performance in the third quarter of 2024 probably faced challenges due to bad weather and rising costs.
Assess the anticipated performance of Martin Marietta (MLM) for the quarter that ended in September 2024. Instead of just focusing on the usual Wall Street revenue and profit predictions, let's take a closer look at some important metrics for a deeper understanding.
What type of business is Martin Marietta Materials?
Martin Marietta Materials, Inc. is a company that produces construction materials based on natural resources, supplying aggregates and heavy construction materials for the construction industry. The company was founded in 1993, with headquarters located in Raleigh, North Carolina. Martin Marietta Materials offers a wide range of construction materials: aggregates - crushed stone, sand, and gravel; ready-mix concrete and asphalt mixes; paving products and services; Portland cement and specialized cement used in engineering projects, as well as in non-residential and residential construction, railway, agricultural, municipal, and environmental industries. The company also manufactures and sells magnesium chemical products; dolomitic lime, and provides services for road construction.
What sector is Martin Marietta Materials in?
Martin Marietta Materials is in the Basic Materials sector
What industry is Martin Marietta Materials in?
Martin Marietta Materials is in the Building Materials industry
What country is Martin Marietta Materials from?
Martin Marietta Materials is headquartered in United States
When did Martin Marietta Materials go public?
Martin Marietta Materials initial public offering (IPO) was on 17 February 1994
What is Martin Marietta Materials website?
https://www.martinmarietta.com
Is Martin Marietta Materials in the S&P 500?
Yes, Martin Marietta Materials is included in the S&P 500 index
Is Martin Marietta Materials in the NASDAQ 100?
No, Martin Marietta Materials is not included in the NASDAQ 100 index
Is Martin Marietta Materials in the Dow Jones?
No, Martin Marietta Materials is not included in the Dow Jones index
When was Martin Marietta Materials the previous earnings report?
No data
When does Martin Marietta Materials earnings report?
The next expected earnings date for Martin Marietta Materials is 14 February 2025