[ad_1]
Welcome to our devoted web page for Martin Marietta Supplies information (Ticker: MLM), a useful resource for traders and merchants in search of the most recent updates and insights on Martin Marietta Supplies inventory.
Martin Marietta Supplies, Inc. (NYSE: MLM) is an American firm and a member of the S&P 500 Index. It stands as one of many main suppliers of aggregates and heavy constructing supplies, with operations spanning 36 states, Canada, and the Caribbean. The corporate’s core enterprise entails the manufacturing and provide of building aggregates equivalent to crushed stone, sand, and gravel. In 2023, Martin Marietta managed to promote a powerful 199 million tons of combination supplies.
Moreover, Martin Marietta produces cement in Texas and integrates its aggregates into its asphalt and ready-mixed concrete operations. The corporate’s important markets embrace Texas, Colorado, North Carolina, Georgia, and Florida, which represent nearly all of its gross sales.
Martin Marietta’s Magnesia Specialties enterprise unit produces a various array of merchandise together with magnesium oxide, magnesium hydroxide, and dolomitic lime. These merchandise discover functions in numerous industries equivalent to environmental, industrial, agricultural, and specialty sectors worldwide.
Not too long ago, the corporate has been making headlines with key strategic strikes. In November 2023, Martin Marietta introduced an settlement to promote its South Texas cement enterprise and associated concrete operations to CRH Americas Supplies, Inc. for $2.1 billion. This sale consists of the Hunter cement plant, associated distribution terminals, and 20 concrete vegetation within the Austin and San Antonio areas. This determination aligns with the corporate’s SOAR (Strategic Working Evaluation and Overview) 2025 targets aiming to optimize its portfolio and maximize stakeholder worth.
Moreover, Martin Marietta has been acknowledged because the “Undervalued Inventory” in BetterInvesting Journal’s March 2024 difficulty, reflecting its potential for development and worth available in the market. The corporate additionally maintains a strong monetary place, boasting $1.27 billion in unrestricted money and money equivalents as of December 31, 2023.
In Could 2024, Martin Marietta entered into an settlement with Albemarle Company to course of and promote extracted limestone materials from Albemarle’s Kings Mountain Mine mission. This initiative underscores Martin Marietta’s dedication to sustainable useful resource administration and environmental stewardship.
With a devoted crew and in depth community of operations, Martin Marietta continues to provide important supplies for constructing stable foundations on which communities thrive.
FAQ
What’s the present inventory worth of Martin Marietta Supplies (MLM)?
The present inventory worth of Martin Marietta Supplies (MLM) is $560.95 as of October 22, 2024.
What’s the market cap of Martin Marietta Supplies (MLM)?
The market cap of Martin Marietta Supplies (MLM) is roughly 34.7B.
What does Martin Marietta Supplies do?
Martin Marietta Supplies is a number one provider of aggregates and heavy constructing supplies, together with crushed stone, sand, gravel, and cement. The corporate operates in 36 states, Canada, and the Caribbean.
What’s Martin Marietta’s core market?
The corporate’s most vital markets embrace Texas, Colorado, North Carolina, Georgia, and Florida.
What latest acquisition has Martin Marietta made?
In November 2023, Martin Marietta introduced the sale of its South Texas cement enterprise and associated concrete operations to CRH Americas Supplies for $2.1 billion.
What merchandise are provided by Martin Marietta’s Magnesia Specialties enterprise?
Martin Marietta’s Magnesia Specialties enterprise produces magnesium oxide, magnesium hydroxide, and dolomitic lime merchandise.
What’s Martin Marietta’s monetary place?
As of December 31, 2023, Martin Marietta had $1.27 billion in unrestricted money and money equivalents and $1.20 billion of unused borrowing capability on its credit score services.
What recognition did Martin Marietta obtain in BetterInvesting Journal?
Martin Marietta was named the ‘Undervalued Inventory’ in BetterInvesting Journal’s March 2024 difficulty.
What strategic initiative is Martin Marietta endeavor with Albemarle Company?
In Could 2024, Martin Marietta entered into an settlement with Albemarle Company to course of and promote extracted limestone materials from Albemarle’s Kings Mountain Mine mission.
What are Martin Marietta’s SOAR 2025 targets?
Martin Marietta’s SOAR 2025 targets intention to optimize its portfolio and product combine via asset purchases, exchanges, and divestitures to maximise stakeholder worth.
The place does Martin Marietta function?
Martin Marietta operates in 36 states, Canada, and the Caribbean.
What sorts of supplies does Martin Marietta produce?
Martin Marietta produces building aggregates, cement, asphalt, ready-mixed concrete, and magnesia-based chemical merchandise.
[ad_2]