Martin Marietta Materials Inc. reported its second quarter results, which include a 22 percent improvement in the West Group, a 5 percent overall increase of line pricing for aggregate products and a 13 percent increase in aggregate product line volume.
“Second-quarter 2014 results reflect strong operational performance and demonstrate our ability to significantly grow overall earnings and expand margins as construction activity begins to recover from historically low levels,” says Ward Nye, chairman, president and CEO of Martin Marietta. “The powerful combination of increasing aggregates volume and pricing growth, along with quarterly record net sales for Specialty Products, resulted in record consolidated net sales of $602 million.”
Nye also credits the company’s success to employment growth, stability in public-sector construction activity with the company’s growing markets and the acquisition of Texas Industries Inc.
According to an article on Yahoo, since the prior-year second quarter, Marietta Materials has earned almost $1 million more in consolidated net sales and has increased its aggregate product line pricing by 7.7 percent.
