Core Viewpoint - Martin Marietta Materials, Inc. has appointed Michael J. Petro as Senior Vice President and Chief Financial Officer, effective immediately, succeeding Robert J. Cardin who served as interim CFO since April 2025 [1][3] Group 1: Leadership Transition - Michael J. Petro has been with Martin Marietta since 2015, previously serving as Senior Vice President of Strategy and Development, and has extensive financial leadership experience [2][4] - Robert J. Cardin will continue as Senior Vice President, Controller, and Chief Accounting Officer after his interim role [1][3] Group 2: Contributions and Experience - Mr. Petro has played a significant role in the company's strategic growth initiatives, including successful acquisitions that expanded Martin Marietta's geographic footprint and improved its product mix [2] - His previous experience includes roles in investment banking and consulting, providing him with a strong foundation in capital markets and financial analysis [2][4] Group 3: Company Overview - Martin Marietta is a leading supplier of building materials, including aggregates, cement, ready-mixed concrete, and asphalt, operating across 28 states, Canada, and The Bahamas [5] - The company is a member of the S&P 500 Index and has a Magnesia Specialties business that produces high-purity magnesia and dolomitic lime products for various applications [5]

Core Insights - Martin Marietta Materials, Inc. reported strong first-quarter results for 2025, with significant growth in revenues and profitability driven by pricing momentum, cost discipline, and contributions from acquisitions [1][3][4] Financial Performance - Revenues increased by 8% to $1,353 million compared to $1,251 million in the same quarter of 2024 [2] - Gross profit rose by 23% to $335 million, with a gross margin of 25% [2][26] - Adjusted EBITDA grew by 21% to $351 million [2][42] - Net earnings attributable to Martin Marietta decreased by 89% to $116 million, primarily due to a nonrecurring gain in the previous year [2][5] Aggregates Segment - Aggregates shipments increased by 6.6% to 39.0 million tons, with an average selling price per ton rising by 6.8% to $23.77 [8][9] - Gross profit for the aggregates segment increased by 24% to $297 million, achieving a gross profit per ton of $7.60 [9][30] Magnesia Specialties - The Magnesia Specialties business achieved record revenues of $87 million and gross profit of $38 million, reflecting pricing improvements and cost management [12][30] Building Materials Business - The Building Materials business reported revenues of $1.3 billion, an increase of 8%, with gross profit rising by 20% to $298 million [7][30] Cash Flow and Capital Allocation - Cash provided by operating activities was $218 million, up from $172 million in the prior year [12] - The company returned $499 million to shareholders through dividends and share repurchases during the quarter [13] Full-Year 2025 Guidance - The company maintains its full-year guidance, projecting revenues between $6,830 million and $7,230 million, with net earnings attributable to Martin Marietta expected between $1,005 million and $1,175 million [14][15]