Martin Marietta Reports Most Profitable Year in Its History

摘要

Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2019. Fourth quarter 2019 revenues were $1,100,430, up from $1,020,218 in the fourth quarter of 2018. Full-year 2019 revenues were $4,739,098, up from $4,244,265 in 2018. Ward Nye, chairman, president and CEO of Martin Marietta, stated, "We are pleased to have concluded 2019 as the most profitable year in our company's history. Driven by improved shipments, pricing and profitability across the vast majority of our Building Materials business, we achieved our eighth consecutive year of growth for revenues, gross profit, adjusted EBITDA and earnings per diluted share (after adjusting for the one-time earnings per diluted share benefit in 2017 from the Tax Cuts and Jobs Act of 2017). This year's record-setting results, combined with our team's shared commitment to safety and operational excellence, yielded a 64% total shareholder return. Building on this momentum and our more than 25-year history as a public company, Martin Marietta is well-positioned for responsible long-term growth and further shareholder value creation in 2020 and beyond."