Key Developments: Martin Marietta Materials Inc (MLM.N)

MLM.N on New York Stock Exchange

142.33USD
27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Martin Marietta Materials Inc gives FY 2015 EBITDA guidance in line with analysts' estimates
Tuesday, 10 Feb 2015 08:20am EST 

Martin Marietta Materials Inc:Expects FY 2015 consolidated earnings before interest expense, income tax expense, depreciation, depletion and amortization expense (EBITDA) to range from $825 million to $875 million.FY 2015 EBITDA of $848 million - Thomson Reuters I/B/E/S.  Full Article

Martin Marietta Materials Inc authorizes new share repurchase program
Tuesday, 10 Feb 2015 08:20am EST 

Martin Marietta Materials Inc:Authorizes new share repurchase program under which the company may acquire up to 20 mln shares of its outstanding common stock.Authorization to repurchase up to 20 mln shares includes the five million shares authorized under the company's previous share repurchase program. As of Dec. 31, there were 67.3 mln shares of Martin Marietta common stock outstanding.Future repurchases are expected to be carried out through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share purchase transactions, or any combination of such methods.Expects to complete the repurchase program over the next three years, though the actual timing of completion will be based on an ongoing assessment of the capital needs of the business, the market price of its common stock and general market conditions.  Full Article

Martin Marietta Materials declares regular cash dividend
Thursday, 22 Jan 2015 08:00am EST 

Martin Marietta Materials Inc:Declared regular quarterly cash dividend of $0.40 per share on the Corporation's common stock.This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable March 31.Says to shareholders of record at the close of business on March 2.  Full Article

Martin Marietta Materials Inc declares regular cash dividend
Friday, 14 Nov 2014 08:00am EST 

Martin Marietta Materials Inc:Declares regular quarterly cash dividend of $0.40 (forty cents) per share on the Corporation's common stock.This dividend, which represents cash dividend of $1.60 per share on an annualized basis.Payable on Dec. 31.To shareholders of record at the close of business on Dec. 1.  Full Article

Martin Marietta Materials Inc declares regular cash dividend
Friday, 22 Aug 2014 08:00am EDT 

Martin Marietta Materials Inc:Declared regular quarterly cash dividend of $0.40 (forty cents) per share on Corporation's common stock.Says dividend, which represents cash dividend of $1.60 per share on an annualized basis.Says dividend payable Sept. 30, 2014, to shareholders of record at close of business on Sept. 2.  Full Article

Martin Marietta Materials Inc completes divestitures
Monday, 18 Aug 2014 08:00am EDT 

Martin Marietta Materials Inc:Completes divestitures required pursuant to consent decree that was condition of Department of Justice's clearance of Martin Marietta's acquisition of Texas Industries, Inc., which closed on July 1, 2014.Martin Marietta sold to Vulcan Materials one quarry in Oklahoma and two rail yards in Dallas, Texas for cash and real property.  Full Article

Martin Marietta Materials Inc announces Fitch affirms Martin Marietta's rating and IDR rating at 'BBB-'; Outlook Stable
Wednesday, 2 Jul 2014 09:45am EDT 

Martin Marietta Materials Inc:Announces Fitch ratings has affirmed ratings of Martin Marietta Materials, Inc, including co's Issuer Default Rating (IDR) at 'BBB-', following the completion of the company's merger agreement with Texas Industries, Inc.  Full Article

Martin Marietta Materials Inc completes Texas Industries acquisition
Wednesday, 2 Jul 2014 12:07am EDT 

Martin Marietta Materials Inc:Completed its acquisition of Texas Industries Inc.  Full Article

Martin Marietta Materials prices private offering of senior notes
Monday, 23 Jun 2014 05:56pm EDT 

Martin Marietta Materials Inc:Prices offering of $700 mln aggregate principal amount of senior notes, comprised of $300 million floating rate senior notes due June 30, 2017 and $400 million 4.250 pct senior notes due July 2, 2024.Floating Rate Notes priced at 100 pct with a coupon of three-month LIBOR for U.S. dollars plus 1.10 pct (or 110 basis points), reset quarterly, and the Fixed Rate Notes priced at 99.428 pct with a coupon of 4.250 pct.Offering is subject to customary closing conditions, and settlement is expected to occur on July 2.Notes will be general unsecured unsubordinated obligations of Martin Marietta.  Full Article

Martin Marietta Materials Inc expects to enter into agreement for acquisition of Texas Industries
Monday, 23 Jun 2014 08:22am EDT 

Martin Marietta Materials Inc:Expects to enter into an agreement with U.S. Department of Justice (DOJ) that will resolve all competition issues with respect to Martin Marietta's proposed acquisition of Texas Industries Inc.Believes that agreement will be finalized this week.Company is not in position to state terms of agreement until it is final.  Full Article

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