Martin Marietta

Blue Water Industries Completes Sale of Certain Aggregates Operations to Martin Marietta

Retrieved on: 
Monday, April 8, 2024
Martin Marietta Materials, Sale, Martin Marietta

JACKSONVILLE, Fla, April 08, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries announced today it completed the sale of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia to Martin Marietta Materials, Inc. (NYSE: MLM) for $2.05 billion in cash on April 5, 2024.

Key Points: 
  • JACKSONVILLE, Fla, April 08, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries announced today it completed the sale of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia to Martin Marietta Materials, Inc. (NYSE: MLM) for $2.05 billion in cash on April 5, 2024.
  • Blue Water Industries is a privately-held, pure-play construction aggregates producer in the United States, serving some of the fastest growing regions of the Southeast United States.
  • Ted Baker, CEO of Blue Water Industries, stated, "We are pleased to entrust these operations to Martin Marietta, an industry leader with strong values and a distinguished safety record.
  • Blue Water Industries and its affiliates will continue to operate its aggregates operations in North Carolina and central Florida, as well as its marine terminal business.

Martin Marietta Completes Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC and Announces First-Quarter 2024 Earnings Conference Call

Retrieved on: 
Monday, April 8, 2024
Martin Marietta Materials, Acquisition, BWI, Martin Marietta

RALEIGH, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that, on April 5, 2024, it completed its previously announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.

Key Points: 
  • RALEIGH, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that, on April 5, 2024, it completed its previously announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.
  • This portfolio optimizing transaction improves the Company’s product mix, margin profile and durability through economic cycles by adding another pure aggregates business to its already aggregates-led portfolio.
  • 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 (206) 962-3782 and using conference ID 60922384.

Martin Marietta Reports Fourth-Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, Building material, Natural gas, Growth, Sale, Adjustment, AFS, Martin Marietta, Hand, Chair, BWI, Housing, Depreciation, Video game

RALEIGH, N.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”), a leading national supplier of aggregates and heavy building materials, today reported results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • See Appendix to this earnings release for a reconciliation to net earnings from continuing operations attributable to Martin Marietta.
  • Ward Nye, Chair and CEO of Martin Marietta, stated, "A strong fourth quarter capped the best year in our company's history.
  • In fact, 2023 was extraordinary in nearly every respect for Martin Marietta.
  • Pricing increased 15.0 percent, or 14.3 percent on a mix-adjusted basis, due to the cumulative effect of January 1, 2023, and mid-year 2023 pricing actions.

Blue Water Industries to Sell Certain Aggregates Operations to Martin Marietta

Retrieved on: 
Monday, February 12, 2024
Martin Marietta

JACKSONVILLE, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries LLC announced today it has entered into a definitive agreement with Martin Marietta Materials, Inc. (NYSE: MLM) under which Martin Marietta will acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from Blue Water Industries’ affiliate (“BWI Southeast”) for $2.05 billion in cash.

Key Points: 
  • JACKSONVILLE, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries LLC announced today it has entered into a definitive agreement with Martin Marietta Materials, Inc. (NYSE: MLM) under which Martin Marietta will acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from Blue Water Industries’ affiliate (“BWI Southeast”) for $2.05 billion in cash.
  • Blue Water Industries is a privately-held, pure-play construction aggregates producer in the United States.
  • Ted Baker, CEO of Blue Water Industries, stated, "We are pleased to partner with Martin Marietta, an industry leader with strong values and a distinguished safety record.
  • Blue Water Industries will continue to operate its aggregates operations in North Carolina and central Florida, as well as its marine terminal business.

Martin Marietta Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC; Company Also Completes South Texas Cement and Concrete Divestiture

Retrieved on: 
Monday, February 12, 2024
Acquisition, Martin Marietta, CRH plc, Martin Marietta Materials, BWI, CRH

RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.

Key Points: 
  • RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.
  • Additionally, on February 9, 2024, the Company completed its previously announced divesture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
  • Together, these portfolio optimizing transactions not only improve the Company’s product mix, margin profile and durability through cycles, but also provide balance sheet flexibility for future acquisitive and organic growth.
  • Ward Nye, Chairman, President and CEO of Martin Marietta stated, “These transactions are wholly consistent with the Company’s SOAR (Strategic Operating Analysis and Review) 2025 aggregates-led product strategy.

NASA Shares Assignments for its SpaceX Crew-9 Space Station Mission

Retrieved on: 
Wednesday, January 31, 2024
Astronaut, Multimedia, Department of Defence, Moses Austin, NASA Astronaut Corps, Artemis, Harmony, Research, Aerospace engineering, Harvard University, Glenn Research Center, International Space Station, Human, Orbit, Commercial Crew Program, Jet Propulsion Laboratory, Moon, MS-10, Oceanography, Engineering, Aircraft, Ammonia, Engineering physics, Mission specialist, Cave, Biotechnology, SpaceX, Boeing, Spacecraft, Science, Martin Marietta, University, Discovery, Soyuz, USSF, NASA, Communications satellite

They will arrive to the space station for a short duration handover with NASA's SpaceX Crew-8 mission

Key Points: 
  • They will arrive to the space station for a short duration handover with NASA's SpaceX Crew-8 mission
    This will be the first spaceflight for Cardman, who was selected as a NASA astronaut in 2017.
  • With a total of 203 days in space, this will be Hague's third launch and second mission to the orbiting laboratory.
  • Five months later, Hague launched aboard Soyuz MS-12 and served as a flight engineer aboard the space station during Expeditions 59 and 60.
  • Hague conducted three spacewalks, to upgrade space station power systems and install a docking adapter for commercial spacecraft.

Martin Marietta Completes Acquisition of Albert Frei & Sons, Inc.

Retrieved on: 
Tuesday, January 16, 2024
Acquisition, Martin Marietta, AFS, Martin Marietta Materials

RALEIGH, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it completed the acquisition of Albert Frei & Sons, Inc. (“AFS”), a leading aggregates producer in Colorado.

Key Points: 
  • RALEIGH, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it completed the acquisition of Albert Frei & Sons, Inc. (“AFS”), a leading aggregates producer in Colorado.
  • The transaction, which closed on January 12, 2024, provides more than 60 years of high-quality, hard rock reserves to better serve new and existing customers.
  • Ward Nye, Chairman, President and CEO of Martin Marietta stated, “We are delighted to announce the acquisition of AFS and welcome such a talented team to our company.
  • We expect this transaction to be immediately accretive to earnings, margins and cash flow as we redeploy proceeds from prior divestitures.”

Martin Marietta to Divest South Texas Cement and Related Concrete Operations to CRH plc

Retrieved on: 
Tuesday, November 21, 2023
Plant, Martin Marietta Materials, Hunting, SOAR, CRH plc, CRH, Martin Marietta

RALEIGH, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.

Key Points: 
  • RALEIGH, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
  • More specifically, the facilities to be divested include the Hunter cement plant in New Braunfels, related cement distribution terminals and 20 concrete plants serving the Austin and San Antonio region.
  • Ward Nye, Chairman, President and CEO of Martin Marietta, stated “Consistent with our SOAR (Strategic Operating Analysis and Review) 2025 objectives, we continually examine ways to optimize our portfolio and product mix through asset purchases, exchanges and/or divestitures.
  • After thorough evaluation, we believe that monetizing these operations is in the Company’s best interests to maximize near-, medium- and long-term stakeholder value.

Martin Marietta Reports Third-Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Adjustment, Sale, Acquisition, Martin Marietta, Growth, Hand, Depreciation, Building material, Safety, Natural gas, Renewable energy, Health care, Bank

RALEIGH, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”), a leading national supplier of aggregates and heavy building materials, today reported results for the third quarter ended September 30, 2023.

Key Points: 
  • See Appendix to this earnings release for a reconciliation to net earnings from continuing operations attributable to Martin Marietta.
  • Ward Nye, Chairman and CEO of Martin Marietta, stated, “We are pleased to again report record quarterly results for nearly every financial and operational measure, including continued world-class safety incidence rates.
  • Notably however, the single-family residential sector, remains fundamentally underbuilt, particularly in key Martin Marietta Sun Belt markets.
  • With robust, multi-year demand from infrastructure and U.S.-based manufacturing, coupled with an attractive commercial environment, Martin Marietta is well-positioned to deliver compelling results and superior shareholder value for the foreseeable future."

CACI Reports Results for Its Fiscal 2024 First Quarter and Raises Fiscal Year Revenue, Adjusted Diluted EPS, and Free Cash Flow Guidance

Retrieved on: 
Wednesday, October 25, 2023
Aerospace, Technology, Manufacturing, Security, Other Technology, Software, Government Technology, Other Defense, Defense, Contracts, Engineering, Privacy, Integral Systems, Woman, Virtual reality, Johnson Space Center, VR, U.S. Department of Defense Strategy for Operating in Cyberspace, Data analysis, Intelligence, Intelligence community, SCA, United States Department of Defense, The, Government, Agile, Lockheed Martin, GAAP, Amazon Web Services, United States Department of the Air Force, Martin Marietta, Workplace, CACI, DSO, JSC, Computer, GE Aerospace (1960s), Air force, MARPA, IDIQ, AWS, NASA, Arms industry, Video game

Cash from operations, excluding MARPA was influenced primarily by higher revenue and the associated temporary effect on working capital.

Key Points: 
  • Cash from operations, excluding MARPA was influenced primarily by higher revenue and the associated temporary effect on working capital.
  • CACI recognized approximately $750 million of award and backlog value based on current requirements in its first quarter of fiscal year 2024.
  • Our guidance also now reflects lower diluted weighted average shares due to the effect of the share repurchases made during the first quarter.
  • Higher free cash flow reflects first quarter results and confidence in our expectations for the year.