Martin Marietta shares second-quarter results

Martin Marietta Materials Inc. released its second-quarter results today, noting that its heritage aggregates business-operating margin expanded 150 basis points and that the company’s specialty products group posted record second-quarter net sales.

“Our second-quarter results once again reflect the powerful combination of increases in shipment volume and average selling prices in our heritage aggregates product line,” says Ward Nye, Martin Marietta’s president and CEO.

Underlying the increases are continuing indications of recovery in certain areas of Martin Marietta’s markets, Nye adds, predominantly in the western United States. In particular, heritage volume growth in Texas was driven by increased shipments to both the energy sector and the residential end-use markets.

“Looking ahead, the positive momentum generated in the first half of the year, together with the recent passage of a new federal highway bill and regionalized improvement in home building, have bolstered our optimism for construction activity,” Nye says.