Martin Marietta released the reports for its fourth quarter and full year ending Dec. 31, 2014.
In fourth quarter 2014, earnings per diluted share were 94 cents compared to 77 cents in fourth quarter 2013. Consolidated net sales were $779.5 million in the 2014 fourth quarter, a 59 percent increase from the 2013 fourth quarter at $491.4 million.
The aggregates product line volume increased 18.8 percent and the aggregates product line price increased 6.7 percent in fourth quarter 2014. In addition, the heritage aggregates product line volume increased 7.6 percent and the heritage aggregates product line price increased 6 percent.
In the aggregates business for the 2014 fourth quarter, the nonresidential market represented 32 percent of the heritage aggregates product line shipments and the residential end-use market accounted for 15 percent of these shipments.
Finally, cement business net sales in fourth quarter 2014 were at $100 million.
In the full year of 2014, adjusted earnings per diluted share were $3.74 compared with $2.61 in 2013. Consolidated net sales in 2014 were at $2.68 billion compared to $1.94 billion in 2013, a 38 percent increase.
Compared to 2013, the aggregates product line volume increased 13.7 percent and the aggregates product line pricing increased 4.5 percent. Also, the heritage aggregates product volume line increased 7.5 percent and the heritage aggregates product line pricing increased 4.1 percent.
