Despite Tough 2016 Comparison, Martin Marietta Has Strong Start to 2017
The first quarter of 2017 faced a tough year-over-year comparison, as the favorable weather of 2016 and harsh winter of 2015 were perfect conditions for a remarkable first quarter of 2016. Nevertheless, even with a tough quarter to compare to, Martin Marietta reported a strong start to the year that reflected strength across all products. Sales rose 8% over the prior-year quarter, with aggregates price increases across all regions helping offset some volume declines. While EBITDA declined 3% fro...Martin Marietta Materials is a natural resource-based building materials company. The company supplies aggregates (crushed stone, sand and gravel) through its network of quarries, mines and distribution yards. The company also provides cement and downstream products, namely, ready mixed concrete, asphalt and paving services. The company conducts its Building Materials business through three segments: Mid-America Group, Southeast Group and West Group. The Mid-America and Southeast Groups provide aggregates products only. The West Group provides aggregates, cement and downstream products. The company also has the Magnesia Specialties segment, which includes its magnesia-based chemicals and dolomitic lime businesses.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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