Morgan Stanley on Martin Marietta Materials (MLM) Earnings: 'We expect a positive stock reaction'

Martin Marietta Reports Fourth-Quarter and Full-Year 2023 Results

February 14, 2024 6:55 AM EST

Achieved Full-Year Records for Revenues, Profitability and Safety Performance

Full-Year Aggregates Unit Profitability Improved 46.4 Percent

Strong Balance Sheet Poised for Continued Strategic Plan Execution

RALEIGH, N.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), a leading national supplier of aggregates and heavy building materials, today reported results for the fourth quarter and year ended December 31, 2023.

Fourth-Quarter and Full-Year Highlights (Financial highlights are for continuing operations)

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Blue Water Industries to Sell Certain Aggregates Operations to Martin Marietta

February 12, 2024 7:00 AM EST

JACKSONVILLE, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries LLC announced today it has entered into a definitive agreement with Martin Marietta Materials, Inc. (NYSE: MLM) under which Martin Marietta will acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from Blue Water Industries affiliate (BWI Southeast) for $2.05 billion in cash.

Blue Water Industries is a privately-held, pure-play construction aggregates producer in the United States. Its footprint spans seven states, including Florida, Tennessee, North Carolina,... More

Martin Marietta Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC; Company Also Completes South Texas Cement and Concrete Divestiture

February 12, 2024 6:55 AM EST

RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash. Additionally, on February 9, 2024, the Company completed its previously announced divesture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.

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