Skip to main content

Martin Marietta 1Q17 sales up 8% on previous year

Published by , Editor
World Cement,


Martin Marietta, a supplier of aggregates, cement, ready-mixed concrete, and asphalt to the US market, reported sales in its building materials business of US$728.4 million in 1Q17, an increase of 8% on the previous year. The increase was driven by price improvements across its product lines, including a 2.5% rise in its cement pricing.

Cement prices in 2Q17 will benefit from an announced US$8 per short ton price increase that came into effect on 1 April 2017, the company added.

“Our results for the quarter are particularly impressive when considering the comparison against a record first quarter in 2016,” said Ward Nye, Chairman, President, and CEO of Martin Marietta. “Importantly, our 2017 performance was driven by each product line in our building materials business, generating solid top-line growth.”

Geographically, economic recovery in the southeastern US – an area that was hard hit during the2007/08 financial crisis, delivered robust growth in 1Q17 in Georgia and Florida, with the strongest outlook in the region for a number of years, Nye added.

“We remain highly confident that we are in a multi-year construction recovery,” Nye concluded.

Read the article online at: https://www.worldcement.com/the-americas/09052017/martin-marietta-1q17-sales-up-8-on-previous-year/

You might also like

World Cement podcast

The World Cement Podcast

In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.

Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.

Apple Podcasts  Spotify Podcasts  YouTube

 

Carbon Upcycling closes US$18M investment led by Builders Vision

Carbon Upcycling Technologies have announced the closing of its US$18 million investment round led by Builders Vision, a team of investors and philanthropists accelerating tomorrow's most promising solutions across agriculture, food, and oceans.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US cement news