Martin Marietta will continue to see strong free cash flow growth from robust construction demand.
Profitability growth slowed during the fourth quarter, but this was largely due to a tough comparison to a strong fourth-quarter 2015. Nevertheless, 2016 as a whole reflected a great year for Martin Marietta, with net sales growing more than 9% to $3.6 billion and EBITDA growing more than 29% to $972 million. Fixed cost leverage and robust price increases helped drive more than 400 basis points of EBITDA margin expansion to 27.2%. Looking forward to 2017, management provided guidance for an addi...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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