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Jun 30, 2020
Martin Marietta Q2 2020 Earnings Report
Delivered record profitability in the second quarter and first half of 2020.
Key Takeaways
Martin Marietta reported record profitability in the second quarter of 2020, with consolidated gross margin improving by 200 basis points. Product demand remained strong, and the company saw increased pricing in aggregates, cement, and ready-mixed concrete.
Consolidated gross margin improved by 200 basis points.
All Building Materials business product lines contributed to expansion.
Product demand remains strong.
Increased Aggregates, Cement and Ready Mixed Concrete Pricing.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Martin Marietta will reinstate full-year earnings guidance when it has sufficient visibility. The Company believes its industry will likely experience lower overall product demand over the next few quarters due to the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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