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Last €127.84 EUR
Change Today -1.07 / -0.83%
Volume 0.0
As of 2:13 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

martin marietta materials (MMX) Snapshot

Open
€127.24
Previous Close
€128.91
Day High
€127.84
Day Low
€127.24
52 Week High
05/28/15 - €139.39
52 Week Low
12/16/14 - €83.03
Market Cap
8.6B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
67.5M
EX-Date
05/28/15
P/E TM
--
Dividend
€1.63
Dividend Yield
1.05%
Current Stock Chart for MARTIN MARIETTA MATERIALS (MMX)

martin marietta materials (MMX) Related Businessweek News

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martin marietta materials (MMX) Details

Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. It operates through Mid-America Group, Southeast Group, West Group, Cement, and Magnesia Specialties segments. The company mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and nonresidential and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. It also offers asphalt products, ready mixed concrete, and road paving construction services; and produces Portland and specialty cements, such as masonry and oil well cements for use in infrastructure projects, and nonresidential and residential construction, as well as in the railroad, agricultural, utility, and environmental industries. In addition, the company manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for use in the steel industry. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. Martin Marietta Materials, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

7,193 Employees
Last Reported Date: 02/24/15
Founded in 1993

martin marietta materials (MMX) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.6M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $918.1K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $771.9K
Senior Vice President of Strategy and Develop...
Total Annual Compensation: $563.0K
Chief Accounting Officer, Chief Information O...
Total Annual Compensation: $413.1K
Compensation as of Fiscal Year 2014.

martin marietta materials (MMX) Key Developments

Martin Marietta Materials Inc. Announces Amendments to its Bylaws

On May 21, 2015, the Board of Directors of Martin Marietta Materials Inc. amended the Bylaws of the company to add a new forum selection provision. The forum selection provision provides that the sole and exclusive forum for all litigation relating to the internal affairs of the company, including any derivative action or proceeding brought on behalf of the corporation. any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the corporation to the Corporation or the corporation's shareholders. any action asserting a claim arising pursuant to any provision of the North Carolina Business Corporation Act, or any action asserting a claim governed by the internal affairs doctrine shall be the state courts of North Carolina, or if such courts lack jurisdiction, a federal court located within the State of North Carolina, in all cases subject to the court's having personal jurisdiction over the indispensable parties named as defendants; and the sole and exclusive venue for such actions shall be Wake County, North Carolina for cases filed in the state courts of North Carolina and the Eastern District of North Carolina for cases filed in federal court. The Bylaws further provide that in any such action filed in a North Carolina state court shall be designated by the party filing the action as a mandatory complex business case pursuant to applicable North Carolina Statute.

Martin Marietta Materials, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 30, 2015

Martin Marietta Materials Inc. announced that the board of directors has declared a regular quarterly cash dividend of $0.40 (forty cents) per share on the Corporation’s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable June 30, 2015, to shareholders of record at the close of business on June 1, 2015.

Martin Marietta Materials Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year 2015

Martin Marietta Materials Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's net sales were $631.9 million compared to $379.7 million a year ago. Total Revenue was $691.4 million compared to $428.7 million a year ago. Earnings from operations was $25.6 million compared to loss from operations of $15.9 million a year ago. Earnings from continuing operations before taxes on income was $5.4 million compared to loss from continuing operations before taxes of $31.6 million a year ago. Earnings from continuing operations was $6.2 million compared to loss from continuing operations of $23.1 million a year ago. Net earnings was $6.2 million compared to net loss of $23.1 million a year ago. Net earnings attributable to the company was $6.1 million compared to net loss attributable to the company of $21.6 million a year ago. Diluted earnings per share from continuing operations attributable to common shareholders was $0.07 compared to loss of $0.47 a year ago. Diluted earnings per share attributable to common shareholders was $0.07 compared to loss of $0.47 a year ago. Net cash provided by operating activities was $35.1 million compared to $6.6 million a year ago. Additions to property, plant and equipment was $56.1 million compared to $36.9 million a year ago. EBITDA was $91.2 million compared to $24.2 million a year ago. The increase in operating cash flow is due to higher earnings before depreciation, depletion and amortization expense, partially offset by higher cash taxes paid in the first quarter of 2015 for the 2014 tax year. For the full year 2015, the company expects net sales for the Cement segment to be between $475 million and $500 million, generating $120 million to $130 million of gross profit. Net sales for the Magnesia Specialties segment to be between $240 million and $250 million, generating $85 million to $90 million of gross profit. Interest expense to approximate $75 million to $80 million. Estimated effective income tax rate to approximate 31%, excluding discrete events. Consolidated EBITDA to range from $835 million to $875 million. Capital expenditures to approximate $320 million, including $35 million of synergy-related capital and $80 million for the continued development of the new Medina limestone quarry outside of San Antonio. The Medina quarry is rail connected and will be able to ship aggregates products to South Texas, including Houston.

 

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MMX Competitors

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Industry Analysis

MMX

Industry Average

Valuation MMX Industry Range
Price/Earnings 48.9x
Price/Sales 3.3x
Price/Book 2.2x
Price/Cash Flow 52.3x
TEV/Sales 2.7x
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