RALEIGH, N.C., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), a leading national supplier of aggregates and heavy building materials, invites investors and analysts to the live broadcast of Martin Marietta’s Capital Markets Day on Wednesday, September 3, 2025, beginning at 9:00 a.m. Eastern Time. Ward Nye, Chair, President and Chief Executive Officer, joined by other members of the Company’s leadership team, will discuss Martin Marietta’s stra ...

Core Points - Martin Marietta Materials, Inc. announced an increase in its quarterly cash dividend from $0.79 to $0.83 per share, resulting in an annualized cash dividend of $3.32 per share, payable on September 30, 2025 [1] - This marks the tenth consecutive annual dividend increase for the company, highlighting its disciplined capital allocation and commitment to shareholder value [2] - The company emphasizes its aggregates-led business model, operational excellence, and strong financial position, which contribute to its free cash flow generation [2] 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 [2] - The company also has a Magnesia Specialties business that provides high-purity magnesia and dolomitic lime products for various applications worldwide [2]

Financial Performance - SGH's revenue increased by 1% to $10744 million[12] - EBIT increased by 8% to $1537 million[12] - NPAT increased by 9% to $924 million[12] - Operating cash flow increased significantly by 49% to $1951 million[12] - The company's final dividend increased by 17% to 62cps[22] Business Unit Performance - WesTrac's revenue increased by 4% to $6100 million[39] - Boral's revenue increased by 1% to $3603 million, with EBIT up by 26% to $468 million[57] - Coates' revenue decreased by 9% to $1041 million[76] - Beach Energy's revenue increased by 13% to $1997 million, with production up by 9% to 197 million barrels of oil equivalent (mmboe)[93] Safety and Sustainability - Lost Time Injury Frequency Rate (LTIFR) and Total Recordable Injury Frequency Rate (TRIFR) improved by 38% and 31% respectively[35] Capital Management - Adjusted Net Debt to EBITDA (Leverage) decreased by 10% year-over-year, falling below 2x[22]

Core Insights - Martin Marietta Materials, Inc. has entered into a definitive agreement with Quikrete Holdings, Inc. for an asset exchange, which includes receiving aggregates operations producing approximately 20 million tons annually and $450 million in cash, while exchanging its Midlothian cement plant and related assets [1] - The acquisition of Premier Magnesia, LLC enhances Martin Marietta's position as a leading producer of magnesia-based products in the U.S. [2] - These transactions are aimed at optimizing the company's portfolio, leading to a higher margin enterprise that is more resilient through economic cycles [3] Transaction Details - The asset exchange with Quikrete is expected to close in the first quarter of 2026, pending regulatory approvals [1] - The Premier acquisition was completed on July 25, 2025, and includes operations in Nevada, North Carolina, Indiana, and Pennsylvania [2] Strategic Goals - The company aims to improve its portfolio attractiveness through asset purchases, exchanges, and divestitures, aligning with its Strategic Operating Analysis and Review (SOAR) 2025 plan [4] - The focus is on core aggregates assets and pursuing accretive acquisitions for the Magnesia Specialties business to position the company for long-term earnings growth [4] Financial Performance - For the second quarter of 2025, the company expects revenues of $1.81 billion, net earnings of $328 million, and adjusted EBITDA of $630 million [5] - The full-year 2025 adjusted EBITDA guidance has been raised to $2.30 billion at the midpoint, reflecting strong first-half results and contributions from the Premier acquisition [5]

Core Insights - Marathon Petroleum Corporation (MPC) is expected to report second-quarter earnings on August 5, with a consensus estimate of $3.22 per share and revenues of $30.91 billion [1] Group 1: Previous Quarter Performance - In the last reported quarter, MPC had an adjusted loss of 24 cents per share, which was better than the Zacks Consensus Estimate of a loss of 63 cents, driven by strong performance in the Refining & Marketing segment [2] - Revenues for the last quarter were $31.9 billion, exceeding the Zacks Consensus Estimate of $30.1 billion, although this represented a 4.1% year-over-year decline [2][3] Group 2: Earnings Estimate Trends - The Zacks Consensus Estimate for the second-quarter earnings has been revised downward by 5.8% in the past 60 days, indicating a 21.84% year-over-year decline [4] - The revenue estimate of $30.91 billion for Q2 suggests a 19.43% decrease compared to the same period last year [4][9] Group 3: Business Segments and Performance Drivers - MPC operates primarily through two segments: Refining & Marketing and Midstream, with the former focusing on refining crude oil and distributing refined products, while the latter involves transportation and storage of crude oil and refined products [5] - The midstream segment is expected to have benefited from increased pipeline throughput and steady fee-based tariff income, which may have offset the negative impact of lower crude oil prices [6] - Solid demand for refined products and LPG exports, driven by strengthened overseas markets, is likely to have supported sales volumes and overall revenue [7] Group 4: Challenges and Pressures - MPC is anticipated to face margin pressure due to elevated turnaround and maintenance costs, exacerbated by ongoing and unplanned repairs [8] - The Galveston Bay refinery outage is expected to negatively impact bottom-line results, contributing to operational disruptions and increased repair-related costs [8][10] Group 5: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for MPC this season, as the Earnings ESP is -2.74% and the company holds a Zacks Rank of 3 [11][12]

Core Viewpoint - Martin Marietta Materials, Inc. will host its second-quarter 2025 earnings conference call on August 7, 2025, at 10:00 a.m. Eastern Time, with results for the quarter ending June 30, 2025, to be released that morning before market opens [1]. Group 1 - The conference call will be accessible via a live, listen-only webcast on the Company's website and by dialing a specific phone number with a conference ID [2]. - An on-demand replay of the conference call will be available on the Company's website approximately two hours after the live broadcast and will remain accessible for one year [2]. Group 2 - 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 [3]. - The Company’s Magnesia Specialties business produces high-purity magnesia and dolomitic lime products for various applications worldwide [3].

Core Insights - Sky Quarry Inc. is launching a crowdfunding offering through its subsidiary, Foreland Refining Corporation, to support its sustainable resource recovery initiatives [1][5] - The company aims to address the fuel supply gap in Nevada, which currently imports about 86% of its refined fuel, by enhancing local production capabilities [2][8] - Sky Quarry is exploring digital asset strategies to improve transparency and efficiency in capital raising, viewing its revenue-linked crowdfunding as a potential model for future blockchain applications [3][4] Company Overview - Sky Quarry Inc. focuses on oil production, refining, and environmental remediation, particularly in recycling waste asphalt shingles [7] - Foreland Refining Corporation operates the Eagle Springs refinery in Nevada, producing essential petroleum products and serving various sectors across the Western U.S. [8] Crowdfunding Details - The proceeds from the crowdfunding will be used for refinery upgrades, operational efficiency improvements, and integration of recycled heavy oil from asphalt shingle recycling [5] - The crowdfunding offering is conducted under Regulation Crowdfunding through PicMii Crowdfunding [6]

Core Viewpoint - Vulcan Materials Company will host its second quarter 2025 earnings conference call on July 31, 2025, at 10:00 a.m. CT, with financial results released before the NYSE market opens [1]. Company Information - Vulcan Materials Company is the largest supplier of construction aggregates in the United States, primarily providing crushed stone, sand, and gravel [3]. - The company is also a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete [3]. - Vulcan is a member of the S&P 500 index and is headquartered in Birmingham, Alabama [3].

Core Viewpoint - Martin Marietta Materials, Inc. will host a Capital Markets Day on September 3, 2025, to discuss long-term strategic opportunities and the SOAR 2030 plan for value creation [1][2] Company Overview - Martin Marietta is a leading supplier of aggregates and heavy building materials, including cement, ready mixed concrete, and asphalt, operating across 28 states, Canada, and The Bahamas [3] - 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 [3]

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]