Martin Marietta reports huge 2nd quarter profits

| July 31, 2014

martin-marietta-materials-inc-logoMartin Marietta Materials has reported strong second quarter earnings of $1.34 per share compared to 89 cents per share in the second quarter of 2013.

Revenue for the company totaled $669.2 million, up from $561.3 million during the same period last year. Net sales hit a record $601.9 million, up from $507.1 million.

The company kept busy during the second quarter of 2014, shipping 12.7 percent more materials this period than the same period last year. Nonresidential construction shipments were up 16 percent compared to the second quarter of 2013.

“We continue to see numerous positive indicators that underpin our confidence in the momentum and growth trajectory of our business,” CEO Ward Nye said in a statement.

The company did admit that infrastructure shipments during the rest of the year could be down if a new Highway Trust Fund bill isn’t passed soon.
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