Posted on August 11, 2025
RALEIGH, N.C., Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), announced that it has entered into a definitive agreement with Quikrete Holdings, Inc. (Quikrete) for the exchange of certain assets. Under the terms of the agreement, Martin Marietta will receive aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, as well as $450 million of cash. In exchange, Quikrete will receive the Company’s Midlothian cement plant, related cement terminals and North Texas ready-mixed concrete assets. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and other customary closing conditions.
Additionally, on July 25, 2025, the Company completed the acquisition of Premier Magnesia, LLC (Premier), a privately-owned producer of magnesia-based products with operations in Nevada, North Carolina, Indiana and Pennsylvania. The Premier acquisition enhances Martin Marietta’s position as the leading producer of natural and synthetic magnesia-based products in the United States.
Collectively, these portfolio-optimizing transactions are shaping a higher margin enterprise that is increasingly aggregates led, which possesses a more durable and resilient earnings profile through cycles, while preserving balance sheet flexibility for continued strategic plan execution.
Ward Nye, Chair, President and CEO of Martin Marietta stated, “Consistent with the priorities outlined in the Company’s Strategic Operating Analysis and Review (SOAR) 2025 plan, we continuously endeavor to improve the attractiveness of our portfolio through asset purchases, exchanges and divestitures. Following a thorough evaluation, we believe that exchanging our remaining cement plant and related ready-mixed concrete operations for core aggregates assets and pursuing accretive bolt-on acquisitions for our complementary Magnesia Specialties business best positions the Company for long-term earnings growth.”
Second-Quarter Earnings Preview and Full-Year 2025 Guidance
In addition to the above transactions, the Company announced it expects to report second-quarter Revenues, Net Earnings Attributable to Martin Marietta and Adjusted EBITDA of $1.81 billion, $328 million and $630 million, respectively. Based on its strong first half results and current trends, the Company is raising its full-year 2025 Adjusted EBITDA guidance to $2.30 billion at the midpoint. This revised EBITDA guidance also reflects contributions from the Premier acquisition for the remaining five months of 2025.
These preliminary unaudited second-quarter 2025 results are an estimate, based on information available to management as of the date of this press release, and are subject to modification upon completion of Martin Marietta’s quarter-end close procedures.
The Company will provide full second-quarter results and full-year outlook during its second-quarter 2025 earnings conference call on Thursday, August 7, 2025, at 10:00 a.m. Eastern Time. The Company will release full results for the quarter ended June 30, 2025, that morning before the market opens.
A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company’s website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 307-1963 and using conference ID 3532349. Please dial-in at least 15 minutes in advance to ensure a timely connection. An on-demand replay will be available on the Company’s website approximately two hours following the conclusion of the live broadcast and will be available for one year.
Non-GAAP Financial Information
Adjusted EBITDA is a non-GAAP financial measure. The Appendix contains reconciliations to the most directly comparable GAAP measure. Management believes these non-GAAP measures are commonly used by investors to evaluate the Company’s performance and, when read in conjunction with the Company’s consolidated financial statements, present a useful tool to evaluate the Company’s ongoing business performance from period to period and anticipated performance. Additionally, these are some of the factors the Company uses in internal evaluations of the overall performance of its businesses. Management acknowledges that many factors impact reported results, and the adjustments in these non-GAAP measures do not account for all such factors. Furthermore, these non-GAAP measures may not be comparable to similarly titled measures used by other companies.
