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Martin Marietta achieves record revenues, gross profit, adjusted EBITDA in Q2 2019 | Aggregates Manager

Martin Marietta Materials, Inc. reports having achieved record revenues, gross profit, and adjusted EBITDA in the second quarter of 2019. Aggregates shipments increased 10 percent, and pricing momentum continued with gains across all building materials product lines.

Highlights from Q2 2019 include:

  • Total revenues of $1.279 billion compared to $1.202 billion in Q2 2018;
  • Products and services revenues of $1.196 billion compared to $1.129 billion in Q2 2018;
  • Gross profit of $356.9 million compared to $315.9 million in Q2 2018;
  • Earnings from operations of $285.88 million compared to $263.95 million in Q2 2018;
  • Net earnings attributable to Martin Marietta of $189.48 million compared to $185.38 million in Q2 2018;
  • Adjusted EBITDA of $378.47 million compared to $376.10 million in Q2 2018; and
  • Earnings per diluted share of $3.01 compared to $2.92 in Q2 2019.

“We are proud to have established new quarterly records for revenues, gross profit, and adjusted EBITDA, driven by increased aggregates shipments, continued pricing momentum across the Building Materials business, and improved cost management,” says Martin Marietta Chairman, President, and CEO Ward Nye in a press release. “These record-setting second-quarter results demonstrate Martin Marietta’s strong execution as we capitalized on the robust underlying demand across our geographic footprint

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Martin Marietta achieves record revenues, gross profit, adjusted EBITDA in Q2 2019.

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