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Martin Marietta Materials Inc (MLM)

MLM on New York Consolidated

227.00USD
24 Jul 2017
Change (% chg)

$2.33 (+1.04%)
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$224.67
Open
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$227.09
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$223.35
Volume
524,618
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557,100
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$244.32
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Latest Key Developments (Source: Significant Developments)

Martin Marietta Materials announces acquisition of Bluegrass Materials
Monday, 26 Jun 2017 07:00am EDT 

June 26 (Reuters) - Martin Marietta Materials Inc :Martin Marietta announces acquisition of Bluegrass Materials.Martin Marietta Materials Inc - ‍transaction expected to be accretive to earnings per share and cash flow in first full year​.Martin Marietta Materials Inc - transaction expected to be accretive to earnings per share and cash flow in first full year.Martin Marietta Materials Inc - deal for for $1.625 billion in cash.Martin Marietta Materials Inc - expects annual run-rate cost savings of approximately $15 million.Martin Marietta Materials Inc - ‍martin Marietta expects annual run-rate cost savings of approximately $15 million after deal closes​.  Full Article

Martin Marietta Materials says James Nickolas to succeed Anne LLoyd as CFO
Thursday, 22 Jun 2017 02:00pm EDT 

June 22 (Reuters) - Martin Marietta Materials Inc ::Martin Marietta announces chief financial officer transition.Says CFO Anne H. Lloyd to retire.Lloyd will remain with company through September to ensure a smooth transition.Board has identified James Nickolas as Lloyd's successor, effective in mid-August.Nickolas most recently led corporate development group at Caterpillar Inc.  Full Article

Martin Marietta reports pricing terms of debt offering
Thursday, 18 May 2017 07:00am EDT 

May 18 (Reuters) - Martin Marietta Materials Inc ::Martin Marietta announces pricing terms of debt offering.Martin Marietta Materials Inc says pricing of its offering of $300 million aggregate principal amount of floating rate senior notes due 2020.Martin Marietta Materials Inc - announced pricing of its $300 million aggregate principal amount of senior notes due 2027.Martin Marietta Materials Inc says floating rate notes will mature on May 22, 2020.Martin Marietta - notes will bear interest at per annum floating rate, reset quarterly, equal to three-month libor for U.S. Dollars plus 0.65 pct and will be issued at 100 pct of par value.Martin Marietta Materials - fixed rate notes will mature on June 1, 2027, will have an interest rate of 3.450 pct and will be issued at 99.798 pct of par value.  Full Article

Martin Marietta Materials files for potential mixed shelf offering
Monday, 15 May 2017 06:08am EDT 

May 15 (Reuters) - Martin Marietta Materials Inc :Martin Marietta Materials Inc files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Martin Marietta Q1 sales $791.7 mln
Tuesday, 2 May 2017 07:00am EDT 

May 2 (Reuters) - Martin Marietta Materials Inc :Martin Marietta reports first quarter 2017 earnings per diluted share of $0.67.Q1 earnings per share $0.67.Q1 sales $791.7 million versus I/B/E/S view $726.3 million.Q1 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Reaffirms guidance with continued momentum of durable economic recovery.Martin Marietta Materials Inc sees 2017 consolidated net sales $3.75 billion - $3.95 billion.Martin Marietta Materials Inc sees 2017 capital expenditures $ 400 million - $ 500 million.Martin Marietta Materials Inc sees 2017 consolidated gross profit $1.0 billion - $1.1 billion.FY 2017 revenue view $3.90 billion -- Thomson Reuters I/B/E/S.  Full Article

Martin Marietta Materials entered into credit agreement on Dec 5- SEC Filing
Wednesday, 7 Dec 2016 01:31pm EST 

Martin Marietta Materials Inc: On Dec.5 entered into credit agreement with Jpmorgan Chase Bank, Wells Fargo Bank, N.A., Suntrust Bank, and Deutsche Bank Securities . Credit agreement provides for a $700 million five-year senior unsecured revolving facility .Revolving facility expires on December 5, 2021- SEC filing.  Full Article

Martin Marietta - Co, unit enter into amendment to credit agreement
Friday, 30 Sep 2016 03:15pm EDT 

: Martin Marietta Materials says co, unit Martin Marietta Funding LLC entered into amendment to credit agreement with suntrust bank as of Apr 19, 2013 . Martin Marietta says credit and security agreement was extended and, as amended, is scheduled to terminate on September 27, 2017 - SEC filing . Martin Marietta Materials Inc says effective with seventh amendment to credit and security agreement, the facility limit was increased to $300 million Source - http://bit.ly/2d1RPi3 ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Martin Marietta Materials increases quarterly cash dividend
Monday, 22 Aug 2016 09:00am EDT 

Martin Marietta Materials Inc : Martin Marietta increases quarterly cash dividend .Martin Marietta Materials inc says approved a five percent increase in quarterly cash dividend to $0.42 per share.  Full Article

Martin Marietta Q2 earnings per share $1.90
Tuesday, 2 Aug 2016 08:00am EDT 

Martin Marietta Materials Inc : And bottom-line growth for a record second quarter . Qtrly consolidated net sales $915.4 million versus $850.2 million . Fy2016 revenue view $3.70 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.90 . Q2 earnings per share view $2.00, revenue view $946.7 million -- Thomson Reuters I/B/E/S .Sees FY 2016 Consolidated Net Sales In Range Of $3.5 - $3.7 Bln.  Full Article

Martin Marietta Materials Inc increases FY 2016 EBITDA guidance
Thursday, 5 May 2016 08:00am EDT 

Martin Marietta Materials Inc:Increases FY 2016 EBITDA guidance to a range of $1.00 billion to $1.05 billion.  Full Article

Martin Marietta to buy Bluegrass Materials for $1.63 billion

Building materials supplier Martin Marietta Materials Inc agreed to buy privately held Bluegrass Materials Co for about $1.63 billion in cash to expand into mid-Atlantic region.