Martin Marietta Materials reports second quarter record net sales
Martin Marietta Materials Inc. reported its second quarter results, which include a 22 percent improvement in the West Group, a 5 percent overall increase of line pricing for aggregate products and a 13 percent increase in aggregate product line volume.
“Second-quarter 2014 results reflect strong operational performance and demonstrate our ability to significantly grow overall earnings and expand margins as construction activity begins to recover from historically low levels,” says Ward Nye, chairman, president and CEO of Martin Marietta. “The powerful combination of increasing aggregates volume and pricing growth, along with quarterly record net sales for Specialty Products, resulted in record consolidated net sales of $602 million.”
Nye also credits the company’s success to employment growth, stability in public-sector construction activity with the company’s growing markets and the acquisition of Texas Industries Inc.
According to an article on Yahoo, since the prior-year second quarter, Marietta Materials has earned almost $1 million more in consolidated net sales and has increased its aggregate product line pricing by 7.7 percent.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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