Martin Marietta Materials Reports Q3 Financial Results

Nov. 9, 2010 - Martin Marietta Materials recently announced it has reported financial results for the third quarter and nine months ended September 30.
In an October 28 release, Martin Marietta Materials reported that net sales for the quarter were $443.7 million, a 3.6 percent increase versus the $428.3 million recorded in the third quarter of 2009. Earnings from operations for the third quarter of 2010 were $83.8 million compared with $89.2 million in 2009. Net earnings attributable to Martin Marietta Materials were $52.0 million, or $1.13 per diluted share, versus 2009 third-quarter net earnings attributable to Martin Marietta Materials of $55.5 million, or $1.23 per diluted share.
Net sales for the first nine months of 2010 were $1.182 billion compared with $1.169 billion for the year-earlier period. Year-to-date earnings from operations were $161.6 million versus $173.1 million in 2009. For the nine-month period ended September 30, net earnings attributable to Martin Marietta Materials were $82.2 million, or $1.78 per diluted share, compared with net earnings attributable to Martin Marietta Materials of $88.6 million, or $1.99 per diluted share, in the first nine months of 2009.
Martin Marietta Materials is a producer of construction aggregates and a producer of magnesia-based chemicals and dolomitic lime.