- Continued focus on employee safety performance
- Earnings per diluted share of $1.83, inclusive of $0.46 per diluted share impact of business development costs
- Passage of the Moving Ahead for Progress in the 21st Century Act, or MAP-21, a two-year federal highway bill providing approximately $40 billion per year through September30, 2014
- Incremental funding dollars with the Transportation Infrastructure Finance and Innovation Act (TIFA) range from $30 billion to $50 billion over the next 3-4 years
- Heritage aggregates product line volume growth of 2.9% and pricing increase of 2.5%
- Contribution of $237.6 million in net sales and $8.1 million in gross profit from Denver, Colorado, operations acquired in December 2011
- Record financial results by the Specialty Products segment, which provided earnings from operations of $68.5 million
- Capital investment included the completion of construction of a new dolomitic lime kiln at the Specialty Products’ Woodville, Ohio facility, providing annual net sales ranging from $22 million to $25 million
- Effective management of controllable costs, as evidenced by a 70-basis-point reduction of selling, general and administrative expenses as a percentage of net sales
- Improved employee safety performance as measured by the Corporation’s total injury incidence and lost time injury rates
- Earnings per diluted share of $1.78, inclusive of $0.25 per diluted share impact of business development costs
- Heritage aggregates product line pricing increase of 2.7% and volume decrease of 3.5%
- Record net sales and operating earnings by the Specialty Products segment
- Effective management of controllable costs as evidenced by selling, general and administrative expenses decreasing $6.3 million, or 60 basis points
- Cash dividends of $73.6 million, representing $1.60 per common share
- Acquisition of three aggregates-related businesses: (i) aggregates, asphalt and ready mixed concrete operations in western San Antonio, Texas; (ii) aggregates sites, as well as vertically-integrated ready mixed concrete and asphalt plants and a road paving business, in and around Denver, Colorado, resulting from an asset exchange with Lafarge North America Inc. (“Lafarge”) and (iii) a ready mixed concrete company in Denver, Colorado
- Successful integration of the San Antonio acquisition
- Strategic divestiture of certain operations along the Mississippi River (“River District operations”) to facilitate the asset exchange with Lafarge while maintaining balance sheet strength and financial flexibility
- Capital expenditures included a new aggregates sales yard near Tampa, Florida and the initiation of construction of a new dolomitic lime kiln at the Specialty Products’ Woodville, Ohio facility
- Record employee safety performance, as measured by a 14% reduction in Total Case Incident Rate from prior year
- Net earnings of $97.0 million, or $2.10 per diluted share
- Increase in aggregates product line volumes for the first time in four years
- Heritage aggregates product line volume increase of 5.3% and pricing decrease of 3.4%
- Record gross profit and earnings from operations by the Specialty Products segment
- Effective management of controllable costs, as evidenced by a 70-basis-point decrease in selling, general and administrative expenses as a percentage of net sales
- Repayment of $217.6 million of Floating Rate Senior Notes through use of cash
- Successful integration of the acquisitions of an aggregates distribution facility in Port Canaveral, Florida and a sand and gravel business near Charlotte, North Carolina
- Only company in industry selected to the InformationWeek 500 for ninth year in a row
- Net earnings of $85.5 million, or $1.91 per diluted share
- Heritage aggregates product line pricing increase of 1.9%, despite a volume decrease of 23.0%
- 15th consecutive quarter of declining aggregates volumes, with a 40% decline from the peak volume in 2006
- Record financial results by the Specialty Products segment, which provided earnings from operations of $35.7 million
- Effectively managed controllable costs as evidenced by a 17% decrease in cost of sales and an 8% decrease in selling, general and administrative expenses
- Improved financial flexibility by securing two new credit facilities providing $230 million of incremental liquidity; issuing 3.8 million shares of common stock providing net proceeds of $293.4 million; and reducing capital expenditures by $119 million
- Completed acquisition and successful integration of 3 quarries from CEMEX, Inc.
- Record employee safety performance as measured by total injury incidence and lost-time incidence rates
- Ranked #1 “World’s Most Admired Company for Building Materials Industry” by Fortune Magazine
- Only company in industry selected to the InformationWeek 500 for eighth year in a row
- Net earnings of $176.3 million, or $4.20 per diluted share
- 11th consecutive quarter of declining aggregates volume, with a 22% decline from the peak to year end 2008
- Heritage aggregates product line pricing increased 6.7%; volume decreased 13.1%
- Completed 3 acquisitions, including 6 locations in Georgia and Tennessee in an asset exchange with Vulcan Materials Company
- Issued $300 million of 6.6% Senior Notes due in 2018
- Refinanced $200 million of 5.875% Notes on December 31, 2008 via issuance of 2.56% floating rate debt
- Capital expenditures of $258.2 million focused on capacity expansion and efficiency improvement projects
- Record net sales of $167.2 million for Specialty Products segment
- Recognized among the Information Week 500 for a seventh consecutive year
- Record net earnings of $262.7 million, or $6.06 per diluted share
- Return, assuming reinvestment of dividends, of 28.8% on the Corporation's common stock price compared with return of 5.5% for the S&P 500 Index
- Return on shareholders' equity of 23.9%
- Returned $629 million to shareholders through $575 million of share repurchases and $54 million of dividends
- Implemented changes in our capital structure and adopted a new consolidated debt-to-consolidated EBITDA leverage target of 2.0X to 2.5X
- Issued $250 million of 6.25% Senior Notes due in 2037 and $225 million of Floating Rate Senior Notes due in 2010
- Strong financial results by the Specialty Products business
- Record net earnings of $245.4 million, or $5.29 per diluted share
- Return on shareholders' equity of 20.2%
- Return of 35.4% on the Corporation's common stock price compared with return of 13.6% for the S&P 500 Index in 2006
- Returned record $219 million to shareholders through $173 million of shares repurchases and $46 million of dividend payments
- Average selling price for the heritage aggregates product line increased 13.5%; heritage volume declined 2%
- Magnesia Specialties earnings from operations up 50% on a 16% increase in net sales
- Record operating cash flow of $338.2 million
- Invested $266 million in internal capital projects
- Record earnings of $4.08 per diluted share
- Strongest pricing environment in Corporation's history
- Continued improvement in Magnesia Specialties' operating margin
- Record operating cash flow of $317.8 million
- Returned $216 million to shareholders through share repurchases ($176 million) and dividends ($40 million)
- Record net earnings of $129.2 million.
- Record EBITDA of $364 million.
- Record safety performance.
- Selected aggregates operations are divested in Tennessee, Louisiana, Washington, Oklahoma, California, Alabama and Texas.
- Record free cash flow generated.
- First all-composite specialty trailer produced in Sparta,
- The Company completes six acquisitions, which expands
business in North Carolina, Alabama, Texas and Florida.
- Selected aggregates operations are divested in Ohio,
Iowa and Virginia.
- Expansion continues in the Composite Products business.
This includes the announcement of the opening of a manufacturing
facility in North Carolina where the Company will begin
to assemble specialty composite truck trailers. The Company
also acquires the rights to manufacture high strength composite
sandwich panels for a variety of industries.
- Martin Marietta completes the purchase of Meridian Aggregates
Company. Along with the 1998 purchase of Redland Stone,
Meridian is a key component of the western expansion strategy
and significantly enhances the Corporation's rail distribution
- Martin Marietta Magnesia Specialties' refractories business
is sold to Minerals Technologies Inc.
- The Company brings on line its new, highly automated Bahama
Rock facility at Freeport, Bahamas. This state-of-the-art
aggregates plant and ship-loading facility serves customers
from Maryland to Texas, as well as throughout the Caribbean.
The Bahama Rock facility is the largest, new plant investment
in the Company's history.
- Martin Marietta reaches $1.5 billion in sales.
- The first two phases of a new enterprise-wide computer
information system is successfully implemented. This project
replaces old systems with state-of-the-art technology that
supports future growth and enables better access to information.
- A record 13 acquisitions are completed.
- As a result of the extensive distribution network established
over the past several years, a record 23 percent of aggregates
shipments were made via water or rail.
- The Corporation embarked on the largest capital investment
program in its history. With increased emphasis on internal
growth, major plant construction projects were initiated
at the Freeport, Bahamas, quarry and locations near Hot
Springs, Arkansas; Parkersburg, West Virginia; Raleigh,
North Carolina and Dallas/Ft. Worth, Texas.
- 10 acquisitions completed, which expanded business in
Texas, Tennessee, Louisiana, Arkansas, West Virginia, Mississippi
- Highlighting its fifth year as a public company, Martin
Marietta achieves over $1 billion in sales for the first
time and establishes a strong coast-to-coast platform for
- Martin Marietta purchases Redland Stone, expanding aggregates
operations into Texas and positioning the Company as the
leading aggregates and asphalt provider in Houston and San
Antonio. Redland Stone provided an extensive rail network
- Martin Marietta purchases an interest in Meridian Aggregates
Company, a Colorado-based producer that serves 14 western
- 11 acquisitions completed by year-end.
- Martin Marietta Materials purchases American Aggregates
Corporation, expanding its aggregates business in Indiana
and becoming a leading producer in Ohio.
- Eight smaller contiguous acquisitions completed, providing
the opportunity to achieve market and operational synergy,
as well as enhance and expand presence in the aggregates
marketplace. Several of these newly acquired quarries produce
chemical-grade limestone for agricultural, industrial and
- Martin Marietta installs its first composite bridge deck
- Lockheed Martin Corporation disposes of remaining interest
in Martin Marietta Materials through a split-off transaction,
making Martin Marietta Materials a separate and independent
- Capitalizing on the consolidation trend in the industry,
Martin Marietta completes several small strategic acquisitions
in the Midwest.
- Martin Marietta pursues opportunities for composite material
technology, which will potentially be used on a wide range
of applications, including bridge decks and other structures,
where corrosion resistance and weight-to-strength ratios
- Martin Marietta Materials purchases the aggregates business
of Dravo Corp., moving the Corporation into the number two
position among aggregates producers in the U.S.
- The Dravo acquisition includes an extensive waterborne
distribution network, allowing the Corporation to provide
products to coastal markets along the Eastern Seaboard and
Gulf of Mexico, as well as along the Mississippi River system.
- Five smaller acquisitions completed - including an operation
on the Strait of Canso in Nova Scotia. That quarry complements
the coastal distribution network provided by the Dravo acquisition
by producing granite products.
- Martin Marietta Corporation merges with Lockheed Corporation
to form Lockheed Martin Corporation.
- Martin Marietta completes initial public offering of 19
percent of common stock and is listed on the New York Stock
Exchange, symbol: MLM.
- Martin Marietta Materials pursues growth strategy through
the acquisition of quarries in South Carolina, Virginia
- Martin Marietta Materials is incorporated as part of the
Martin Marietta Corporation.
- American-Marietta merges with the Glenn L. Martin Company
to form the Martin Marietta Corporation, a leader in aerospace,
cement, aggregates, electronics and chemicals.
- Superior Stone merges with the American-Marietta Corporation,
a national producer of construction materials, paints, chemicals
and other building products.
- Our roots date back to Superior Stone, an aggregates company founded in Raleigh, North Carolina.