Martin Marietta releases successful fourth-quarter, full-year results
Martin Marietta released the reports for its fourth quarter and full year ending Dec. 31, 2014.
In fourth quarter 2014, earnings per diluted share were 94 cents compared to 77 cents in fourth quarter 2013. Consolidated net sales were $779.5 million in the 2014 fourth quarter, a 59 percent increase from the 2013 fourth quarter at $491.4 million.
The aggregates product line volume increased 18.8 percent and the aggregates product line price increased 6.7 percent in fourth quarter 2014. In addition, the heritage aggregates product line volume increased 7.6 percent and the heritage aggregates product line price increased 6 percent.
In the aggregates business for the 2014 fourth quarter, the nonresidential market represented 32 percent of the heritage aggregates product line shipments and the residential end-use market accounted for 15 percent of these shipments.
Finally, cement business net sales in fourth quarter 2014 were at $100 million.
In the full year of 2014, adjusted earnings per diluted share were $3.74 compared with $2.61 in 2013. Consolidated net sales in 2014 were at $2.68 billion compared to $1.94 billion in 2013, a 38 percent increase.
Compared to 2013, the aggregates product line volume increased 13.7 percent and the aggregates product line pricing increased 4.5 percent. Also, the heritage aggregates product volume line increased 7.5 percent and the heritage aggregates product line pricing increased 4.1 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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