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Dec 31, 2020
Martin Marietta Q4 2020 Earnings Report
Martin Marietta reported record fourth-quarter results, delivering record full-year profitability and the best safety performance.
Key Takeaways
Martin Marietta reported a strong fourth quarter and full-year 2020, overcoming challenges posed by the COVID-19 pandemic. The company achieved record fourth-quarter revenues and Adjusted EBITDA, driven by shipment growth, pricing gains, and disciplined cost management. Underlying demand fundamentals are expected to reset in 2021, with anticipated growth in single-family housing, infrastructure investment, and heavy industrial projects.
Record fourth-quarter revenues and Adjusted EBITDA were achieved.
Consolidated gross margin expanded 410 basis points to 27.6 percent.
Aggregates gross profit per ton shipped improved 17.9 percent.
Cement shipments increased 11.7 percent, a fourth-quarter record.
Martin Marietta
Martin Marietta
Martin Marietta Revenue by Segment
Martin Marietta Revenue by Geographic Location
Revenue by Segment
Magnesia Specialties Revenue
CapyFin.comRevenue by Geographic Location
East Group Revenue
CapyFin.comWest Group Revenue
CapyFin.com Forward Guidance
Martin Marietta remains confident that favorable pricing dynamics will continue and attractive underlying fundamentals and long-term secular growth trends in its key geographies remain intact, particularly as the U.S. economy stabilizes and recovers.
Positive Outlook
- Favorable pricing dynamics are expected to continue.
- Underlying fundamentals and long-term secular growth trends in key geographies remain intact.
- The U.S. economy is expected to stabilize and recover.
- Single-family housing growth is anticipated.
- Expanded infrastructure investment is expected.
Challenges Ahead
- Guidance excludes any benefit from additional fiscal stimulus or relief funds beyond those already enacted.
- Guidance excludes any benefit from a potential successor federal surface transportation bill.
- Macroeconomic uncertainty will persist.
- Potential impact of COVID-19 pandemic.
- Potential declines of the Company’s various construction end-use markets.