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Dec 31, 2021
Martin Marietta Q4 2021 Earnings Report
Reported record fourth-quarter and full-year results, setting full-year records for revenues, profitability, and safety performance.
Key Takeaways
Martin Marietta reported a momentous year of growth in 2021, delivering the most profitable and safest year in the Company’s history. The company completed $3.1 billion in value-enhancing acquisitions, expanding geographic footprint and product offerings.
Set Full-Year Records for Revenues, Profitability and Safety Performance
Delivered Full-Year 2021 Adjusted EBITDA Exceeding $1.5 Billion
Stronger Product Demand Experienced Enterprise-Wide; Organic Aggregates Shipments Increased 9 Percent in Fourth Quarter and 4 Percent for Full Year
Accelerating Demand and Pricing Momentum Underpin 2022 Guidance
Martin Marietta
Martin Marietta
Martin Marietta Revenue by Segment
Martin Marietta Revenue by Geographic Location
Revenue by Segment
Building Materials Business Revenue
CapyFin.comMagnesia 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, supported by the Company’s locally-driven pricing strategy, and attractive underlying fundamentals and long-term secular growth trends in its key geographies should drive multi-year growth in construction materials.
Positive Outlook
- Favorable pricing dynamics will continue.
- Company’s locally-driven pricing strategy.
- Attractive underlying fundamentals.
- Long-term secular growth trends in its key geographies should drive multi-year growth in construction materials.
- Enhanced federal- and state-level surface transportation investment, single-family housing strength, and notable heavy industrial projects should drive robust product demand in 2022.
Challenges Ahead
- Fluctuations in COVID-19 cases in the United States
- Potential declines of the Company’s various construction end-use markets
- Potential negative impact of the COVID-19 pandemic on the Company’s ability to continue supplying heavy-side building materials and related services at normal levels or at all in the Company’s key regions
- The duration, impact and severity of the impacts of the COVID-19 pandemic on the Company, including the markets in which it does business, its suppliers, customers or other business partners as well as on its employees
- The economic impact of government responses to the pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income