Martin Marietta Materials
Aggregates volume, pricing growth drive Martin Marietta’s first quarter
Martin Marietta Materials Inc. experienced improved margins and increased profitability during the first quarter of 2015. In fact, Martin Marietta reports it achieved a first-quarter profit for the first time in seven years. Ward Nye, Martin Marietta's chairman, president and… Keep Reading
Martin Marietta shares expectations for 2015
Nonresidential construction is expected to increase. Residential construction should continue to grow. Energy-related economic activity is anticipated to remain strong. And highway funding should remain stable. Taking these factors into account, Martin Marietta expects its business to increase this year… Keep Reading
Acquisition contributes to Martin Marietta’s quarterly growth
Martin Marietta Materials Inc. released its third-quarter results, reporting a 53 percent growth in net sales that's due in large part to the acquisition of Texas Industries Inc. "Third-quarter 2014 results reflect the acquisition of TXI, the benefits of our… Keep Reading
Nye, Martin Marietta have positive economic outlook
Martin Marietta Materials Inc. noted in its third-quarter report that a number of economic trends are providing signs of encouragement for the industry. For example, Martin Marietta notes that nonresidential construction is expected to increase in both the heavy industrial… Keep Reading
Vulcan acquires operations from Martin Marietta
Vulcan Materials Co. has completed the acquisition of one quarry in southern Oklahoma and two distribution yards in Dallas from Martin Marietta Materials, says a press release. According to an additional press release, Martin Marietta was required to sell the… Keep Reading
Martin Marietta Materials reports second quarter record net sales
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.… Keep Reading
Nye, Martin Marietta look ahead as top-ranked producer
The completion of Martin Marietta Materials Inc.'s acquisiton of Texas Industries Inc. means Martin Marietta is now the largest aggregate-producing company in the United States. The combination of Martin Marietta, which ranks second on Pit & Quarry's MegaProducers 2014 list,… Keep Reading
Martin Marietta-Texas Industries merger approved by shareholders
Shareholders from both Martin Marietta Materials Inc. and Texas Industries overwhelmingly approved the proposed combination of the two companies at their respective meetings. According to a press release, more than 99 percent of the shares voting at the Texas Industries… Keep Reading
Martin Marietta-Texas Industries deal approved with conditions
The U.S. Department of Justice approved Martin Marietta Materials Inc.’s $2.7 billion purchase of Texas Industries Inc., Bloomberg reports. Part of the approval is a requirement that Martin Marietta sell a few assets. According to Bloomberg, Martin Marietta will sell… Keep Reading
