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

Martin Marietta Materials (MLM) Tops Q4 EPS by 64c ; Offers Guidance

February 14, 2024 6:58 AM EST

Martin Marietta Materials (NYSE: MLM) reported Q4 EPS of $4.63, $0.64 better than the analyst estimate of $3.99. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.63 billion.

GUIDANCE:

Martin Marietta Materials sees FY2024 revenue of $6.74-7.18 billion, versus the... More

Martin Marietta Materials (MLM) PT Raised to $5,500 at Wolfe Research

February 13, 2024 3:56 AM EST

Wolfe Research analyst Timna Tanners raised the price target on Martin Marietta Materials (NYSE: MLM) to $5,500.00 (from $531.00) while maintaining a Outperform rating.... More

Martin Marietta Materials (MLM) to acquire 20 Blue Water Industries units for $2.05bn

February 12, 2024 1:21 PM EST

Martin Marietta Materials (NYSE: MLM) announced Monday that it has entered into an agreement to acquire 20 active aggregate operations from Blue Water Industries for $2.05 billion in cash.

The operations are located in Alabama, South Carolina, South Florida, Tennessee, and Virginia. MLM said the BWI Southeast deal will be financed with cash from the balance sheet and... More

Martin Marietta boosts building material supplies in $2.05 billion deal for Blue Water units

February 12, 2024 7:18 AM EST

(Reuters) -Building material supplier Martin Marietta said on Monday it would acquire 20 active aggregates operations of Blue Water Industries for $2.05 billion in cash.

Construction aggregates are raw materials that are extracted from quarries and pits such as sand, gravel and crushed stones.

Demand for construction materials is on... More

Martin Marietta Materials (MLM) Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries for $2.05B

February 12, 2024 6:56 AM EST

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... More