Martin Marietta Files 2023 10-K, Details Financials

TL;DR

**Martin Marietta's 2023 10-K is out, showing solid financials for the year ending December 31st, 2023, with key details on cash and debt.**

AI Summary

Martin Marietta Materials Inc. filed its 10-K on February 23, 2024, for the fiscal year ending December 31, 2023. The company, a mining and quarrying operation based in Raleigh, NC, reported its financial status, including details on cash equivalents and senior notes. The filing indicates a focus on its core business of nonmetallic minerals.

Why It Matters

This filing provides a comprehensive look into the financial health and operational performance of a major player in the construction materials industry, impacting infrastructure development and related sectors.

Risk Assessment

Risk Level: low — The filing is a standard annual report with no immediate red flags indicating high risk, focusing on routine financial disclosures.

Key Numbers

• 20231231 — Conformed Period of Report (The end date of the fiscal year covered by this 10-K filing.)
• 20240223 — Filed As Of Date (The date the 10-K was officially filed with the SEC.)
• 156 — Public Document Count (The total number of public documents included in this filing.)
• 001-12744 — SEC File Number (The SEC file number for Martin Marietta Materials Inc.)
• 919-781-4550 — Business Phone (The primary business contact number for the company.)

Key Players & Entities

• MARTIN MARIETTA MATERIALS INC (company) — Filer of the 10-K
• Raleigh, NC (location) — Business address of Martin Marietta Materials Inc.
• December 31, 2023 (date) — Conformed period of report end date
• February 23, 2024 (date) — Filed as of date
• 0000916076 (company) — Central Index Key (CIK) for Martin Marietta Materials Inc.

FAQ

From the Filing

0000950170-24-019275.txt : 20240223 0000950170-24-019275.hdr.sgml : 20240223 20240223143646 ACCESSION NUMBER: 0000950170-24-019275 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 156 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARTIN MARIETTA MATERIALS INC CENTRAL INDEX KEY: 0000916076 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 561848578 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12744 FILM NUMBER: 24670188 BUSINESS ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 BUSINESS PHONE: 919-781-4550 MAIL ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 10-K 1 mlm-20231231.htm 10-K 10-K 0000916076 2019 2020 2021 2022 2023 false P1Y --12-31 FY http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#Liabilities http://fasb.org/us-gaap/2023#Liabilities http://fasb.org/us-gaap/2023#RelatedPartyMember 0000916076 us-gaap:TradeNamesMember 2022-12-31 0000916076 mlm:RestrictedStockServiceBasedMember 2022-12-31 0000916076 mlm:ForeignMember 2022-01-01 2022-12-31 0000916076 us-gaap:DefinedBenefitPlanEquitySecuritiesUsMidCapMember 2022-12-31 0000916076 us-gaap:CashEquivalentsMember 2023-12-31 0000916076 us-gaap:FairValueInputsLevel1Member us-gaap:CashEquivalentsMember 2023-12-31 0000916076 mlm:BahamasAndCanadaMember 2022-12-31 0000916076 mlm:ZeroPointSixFiveZeroPercentSeniorNotesDueTwentyTwentyThreeMember 2023-12-31 0000916076 us-gaap:CashEquivalentsMember 2022-12-31 0000916076 us-gaap:RestrictedStockMember 2023-12-31 0000916076 us-gaap:TradeNamesMember 2023-12-31 0000916076 us-gaap:NoncontrollingInterestMember 2022-12-31 0000916076 us-gaap:UseRightsMember 2022-12-31 0000916076 us-gaap:DiscontinuedOperationsHeldforsaleMember 2022-12-31 0000916076 us-gaap:CorporateNonSegmentMember 2021-12-31 0000916076 us-gaap:OperatingSegmentsMember mlm:BuildingMaterialsBusinessEastGroupMember 2021-12-31 0000916076 us-gaap:InternalRevenueServiceIRSMember 2023-12-31 0000916076 mlm:SuretyBondsMember 2023-12-31 0000916076 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember mlm:DefinedBenefitPlanPrivateInfrastructureMember 2022-12-31 0000916076 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000916076 us-gaap:ParentMember 2023-01-01 2023-12-31 0000916076 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2022-01-01 2022-12-31 0000916076 us-gaap:RetainedEarningsMember 2023-12-31 0000916076 2023-10-31 2023-10-31 0000916076 srt:MaximumMember mlm:IncludingAcquisitionBridgeDebtMember 2023-12-31 0000916076 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000916076 us-gaap:LandMember 2023-01-01 2023-12-31 0000916076 mlm:BuildingMaterialsBusinessMember 2023-12-31 0000916076 us-gaap:InternalRevenueServiceIRSMember 2022-12-31 0000916076 mlm:DefinedBenefitPlanPrivateInfrastructureMember 2022-12-31 0000916076 mlm:BuildingMaterialsBusinessMember us-gaap:OperatingSegmentsMember 2023-12-31 0000916076 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:DefinedBenefitPlanEquitySecuritiesUsMidCapMember 2022-12-31 0000916076 us-gaap:DiscontinuedOperationsHeldforsaleMember 2023-12-31 0000916076 us-gaap:RealEstateMember 2022-12-31 0000916076 mlm:DirectorsAwardsMember 2023-01-01 2023-12-31 0000916076 mlm:EastGroupMember 2022-01-01 2022-12-31 0000916076 us-gaap:IntersubsegmentEliminationsMember 2023-01-01 2023-12-31 0000916076 mlm:EastGroupMember 2023-12-31 0000916076 mlm:BuildingMaterialsBusinessWestGroupMember 2022-01-01