Martin Marietta announces record results for fourth quarter, full year

摘要

Martin Marietta Materials Inc. reported financial results for the fourth quarter and year ended December 31,2004. Net earnings of 37.0 million dollars, or 0.77 dollars per diluted share, was at a record level for the quarter .For the year, net earnings of 129.2 million dollars, or 2.66 dollars per diluted share, was also at a record level. Fourth-quarter net earnings of 37.0 million dollars, or 0.77 dollars per diluted share, increased 26 percent versus 2003 fourth-quarter net earnings of 29.3 million dollars, or 0.60 dollars per diluted share. Net sales for the quarter were 391.0 million dollars compared with 378.0 million dollars in fourth quarter of 2003. Gross profit margin increased 140 basis points to 23.6 percent, reflecting strong price increases. Net sales for the year were 1,551 billion dollars in 2004 compared with 1,476 billion dollars in 2003. Operating earnings increased 16 percent to 226.6 million dollars in 2004 versus 195.5 dollars million in 2003. The company posted after-tax earnings of 1.0 million dollar on discontinued operations compared with an after-tax loss of 6.7 million dollars in 2003. For the year, 2004 net earnings were 129.2 million dollars, or 2.66 dollars per diluted share, compared with 2003 net earnings of 93.6 million dollars, or 1.91 dollars per diluted share, inclusive of an accounting change.