Martin Marietta Starts Strong in 2019, but Year-to-Date Share Price Rally Leaves Limited Upside
Although the first quarter is the weakest in the heavily seasonal building materials industry, Martin Marietta reported a strong start to 2019 with volume growth, price increases, and margin expansion. Organic volume and pricing for aggregates was up 12.5% and 4%, respectively. Better volumes drove cost leverage, driving aggregates gross margins wider to 18%.Martin Marietta saw similar strength in cement, as volume and pricing rose 7% and 4%, respectively. Gross margin contracted massively to 1...
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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