$MLM (Martin Marietta Materials, Inc.)

$MLM {{ '2017-02-14T19:29:46+0000' | timeago}} • Webcast

$MLM is confident in seeing a broad concerted industry and user-driven effort to develop and implement a new and creative federal transportation tax and revenue reform and investment package in 2017. The U.S. needs to at least double the federal government's current annual infrastructure investment of approx. $40Bil, $MLM said.

$MLM {{ '2017-08-25T11:28:15+0000' | timeago}} • Announcement

$MLM BoD approved a 5% increase in its quarterly cash dividend to $0.44 per share on the Company's common stock. The dividend is payable Sept. 29, 2017, to shareholders of record at the close of business on Sept. 5, 2017.

$MLM {{ '2017-06-26T11:57:41+0000' | timeago}} • Announcement

$MLM to acquire Bluegrass Materials Company for $1.625Bil in cash. $MLM expects annual run-rate cost savings of about $15MM from this acquisition. The company also expects the transaction to be accretive to EPS and cash flow in the first full year. The acquisition is expected to close in 4Q17.

$MLM {{ '2017-06-23T10:41:00+0000' | timeago}} • Announcement

Anne Lloyd to retire as $MLM's EVP and CFO, effective mid-August, 2017. The company's BoD has identified James Nickolas as Lloyd's successor, effective in mid-August. He will serve as SVP and CFO and will report to Howard Nye, Chairman, President and CEO of the company. Lloyd will remain with $MLM through Sept. 2017 to ensure a smooth transition.

$MLM {{ '2017-05-19T11:44:59+0000' | timeago}} • Announcement

$MLM BoD declared a regular quarterly cash dividend of $0.42 per share on the corporation's common stock. The dividend is payable June 30, 2017, to shareholders of record at the close of business on June 1, 2017.

$MLM {{ '2017-05-18T12:55:20+0000' | timeago}} • Announcement

$MLM's floating rate senior notes due 2020 will mature on May 22, 2020 and the fixed rate senior notes due 2027 will mature on June 1, 2027. Interest for floating rate notes will be paid quarterly in arrears on February 22, May 22, August 22 and November 22. Interest for fixed rate notes will be paid semiannually on June 1 and December 1.

$MLM {{ '2017-05-18T12:51:32+0000' | timeago}} • Announcement

$MLM has priced its offering of $300MM aggregate principal amount of floating rate senior notes due 2020 and $300MM aggregate principal amount of senior notes due 2027. The net proceeds will be used to refinance its existing floating rate notes and to repay debts outstanding. Closing of the offering is expected to occur on May 22, 2017.

$MLM {{ '2017-05-02T12:03:34+0000' | timeago}} • Announcement

In 1Q17, net sales for $MLM’s Building Materials business were $728.4MM, up 8% from 1Q16, driven by pricing gains in aggregates, cement and ready mixed concrete. Net sales for the Magnesia Specialties business were $63.3MM, an increase of 6.4%, with growth in both the chemicals and lime product lines.

$MLM {{ '2017-05-02T11:59:20+0000' | timeago}} • Announcement

For 2017, $MLM expects consolidated net sales to be $3.75-3.95Bil and gross profit to be $1-1.1Bil. Capex is expected to be $400-500MM. Net sales for the Building Materials business is expected to be $2.2-2.3Bil while net sales for the Magnesia Specialties business is expected to be $235-240MM.

$MLM {{ '2017-05-02T11:55:17+0000' | timeago}} • Announcement

$MLM reported a decrease in 1Q17 earnings. Net income was $42MM or $0.67 per share compared to $45MM or $0.69 per share in 1Q16. Consolidated net sales increased 7.9% to $791.7MM compared to last year.

$MLM {{ '2017-02-24T17:50:47+0000' | timeago}} • Announcement

$MLM's BoD declared a regular quarterly cash dividend of $0.42 per share on its common stock. This dividend, which represents a cash dividend of $1.68 per share on an annualized basis, is payable on March 31, 2017, to shareholders of record on March 6, 2017.

$MLM {{ '2017-02-14T20:19:52+0000' | timeago}} • Webcast

With regards to the acquisition strategy, $MLM stated that it is expecting some transactions in 2017. Some deals will be relatively large and some will be small, the company said. $MLM added that it is better prepared both from a financial and regulatory perspective.

$MLM {{ '2017-02-14T20:03:47+0000' | timeago}} • Webcast

For 2017, $MLM expects cement sales to increase 4-10% and profitability to increase 8-16%. Magnesia Specialties business is expected to remain flat, replicating its record 2016 performance.

$MLM {{ '2017-02-14T20:00:30+0000' | timeago}} • Webcast

For 2017, $MLM expects aggregates product line infrastructure shipments to increase in the mid-single digits. Non-residential volumes are expected to increase in the low-to-mid single digits. Residential shipments are expected to increase in the mid-to-high single digits. $MLM expects aggregates product line shipments to increase 4.0-5.5%.

$MLM {{ '2017-02-14T19:51:02+0000' | timeago}} • Webcast

$MLM expects strong underlying demand indicators for its products across its geographic footprint. Infrastructure growth to be bolstered as funding from the $305Bil Fixing America Surface Transportation (FAST) Act begins to meaningfully impact public construction projects in 2017 and beyond.

$MLM {{ '2017-02-14T19:29:46+0000' | timeago}} • Webcast

$MLM is confident in seeing a broad concerted industry and user-driven effort to develop and implement a new and creative federal transportation tax and revenue reform and investment package in 2017. The U.S. needs to at least double the federal government's current annual infrastructure investment of approx. $40Bil, $MLM said.

$MLM {{ '2017-02-14T13:15:57+0000' | timeago}} • Announcement

$MLM expects net sales for full year 2017 to be in the range of $3.75-3.95Bil. Capital expenditures for 2017 is expected to be in the range of $350-400MM.

$MLM {{ '2017-02-14T13:12:33+0000' | timeago}} • Announcement

$MLM reported an increase of 19% YoY in its 4Q16 earnings to $98.9MM, or $1.55 per diluted share. For the quarter, the company achieved net sales of $889MM compared with $780.8MM in 4Q15.

$MLM {{ '2016-11-01T19:11:59+0000' | timeago}} • Webcast

Looking at the big projects, $MLM said several of them started late in Sept., some more started in Oct. Based on its conversations with the Texas DoT, looking into 2017, a pretty uniform distribution of these projects will be happening throughout the various quarters of next year.

$MLM {{ '2016-11-01T18:29:11+0000' | timeago}} • Webcast

Together with its ongoing share repurchase program as of Sept. 30, 2016, $MLM has returned nearly $900MM to shareholders since the beginning of 2015. The company has reduced its debt to EBITDA leverage ratio from nearly 2.5 times to 1.9 times at Sept. 30. At the end of 3Q16, the company's ratio was in line with its target.

$MLM {{ '2016-11-01T18:26:17+0000' | timeago}} • Webcast

$MLM's operating cash flow increased 30% through the nine months ended Sept. 30, 2016 compared with the prior year period. The company has both the means and the strategy plan in place to undertake value-enhancing acquisition activity, as well as fund capital investment in its business, each critical to its near term and long-term strategy.

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