Martin Marietta Materials Touts Stability With First Quarter Results

摘要

Martin Marietta Materials reported its net sales increased to $306.2 million compared with $295.6 million a year ago. Loss per diluted share was $0.39 compared with loss per diluted share of $0.54 a year ago. The company noted that increased diesel costs negatively affected earnings by $0.05 per diluted share. Heritage aggregates product line pricing was up 0.4 percent, although volume was down 1.2 percent. "Stability in our aggregates shipments will likely lead to sustainable price increases," said Ward Nye, president and CEO of Martin Marietta Materials. "However, such increases may not be uniform throughout our enterprise. Overall, we expect full-year 2011 aggregates pricing will range from flat to a 2 percent increase. Additionally, rising energy costs may provide an impetus for certain mid-year price increases.