Tough Winter Can’t Slow Down Best Idea Martin Marietta; Remains on Track to Grow EBITDA 20% in 2018
At first glance, investors might think Martin Marietta had a terrible first quarter, with year-over-year volume declines of 8% in aggregates and 9% in cement. However, investors would be remiss to chalk up the lower volumes to weaker demand. Rather, a more normal winter, compared with the warm winters of the last two years, was the main driver for the year-over-year decline. More importantly, the company appears to continue to have success pushing price increases, as aggregates prices rose 2.3% ...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.
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