Martin Marietta Q1 Sales Dip Slightly to $1.51B

TL;DR

MLM Q1 sales down slightly to $1.51B, retained earnings and debt levels detailed.

AI Summary

Martin Marietta Materials Inc. reported its first quarter 2024 results, with net sales for the three months ended March 31, 2024, reaching $1.51 billion. This represents a slight decrease from $1.53 billion in the same period of 2023. The company's financial statements also detail changes in retained earnings and outstanding debt, including "Two Point Five Zero Zero Percent Senior Notes Due Twenty Thirty" and "Seven Percent Debentures Due Twenty Twenty Five."

Why It Matters

This filing provides insight into the performance of a major building materials supplier, impacting construction costs and project timelines.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags.

Key Numbers

• $1.51B — Q1 2024 Net Sales (Represents a slight decrease from the prior year's Q1.)
• $1.53B — Q1 2023 Net Sales (Prior year comparable period for net sales.)

Key Players & Entities

• Martin Marietta Materials Inc. (company) — Filer of the 10-Q
• 20240331 (date) — End of the reporting period
• $1.51 billion (dollar_amount) — Net sales for Q1 2024
• $1.53 billion (dollar_amount) — Net sales for Q1 2023
• Two Point Five Zero Zero Percent Senior Notes Due Twenty Thirty (dollar_amount) — Debt instrument mentioned
• Seven Percent Debentures Due Twenty Twenty Five (dollar_amount) — Debt instrument mentioned

FAQ

From the Filing

0000950170-24-050478.txt : 20240430 0000950170-24-050478.hdr.sgml : 20240430 20240430153744 ACCESSION NUMBER: 0000950170-24-050478 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 75 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12744 FILM NUMBER: 24896792 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-Q 1 mlm-20240331.htm 10-Q 10-Q false --12-31 Q1 0000916076 0000916076 mlm:BuildingMaterialsBusinessWestGroupMember mlm:CaliforniaAndColoradoMember us-gaap:ServiceMember 2024-01-01 2024-03-31 0000916076 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000916076 mlm:TwoPointFiveZeroZeroPercentSeniorNotesDueTwentyThirtyMember 2024-01-01 2024-03-31 0000916076 mlm:SevenPercentDebenturesDueTwentyTwentyFiveMember 2024-01-01 2024-03-31 0000916076 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000916076 us-gaap:ServiceMember srt:MinimumMember 2024-01-01 2024-03-31 0000916076 us-gaap:RetainedEarningsMember 2024-03-31 0000916076 mlm:BuildingMaterialsBusinessWestGroupMember mlm:CaliforniaAndColoradoMember us-gaap:ServiceMember 2023-01-01 2023-03-31 0000916076 mlm:SouthTexasCementBusinessMember 2024-01-01 2024-03-31 0000916076 us-gaap:RetainedEarningsMember 2023-03-31 0000916076 us-gaap:OperatingSegmentsMember mlm:MagnesiaSpecialtiesMember 2023-03-31 0000916076 mlm:EastGroupMember 2024-03-31 0000916076 2024-04-25 0000916076 mlm:SixPointTwoFivePercentageOfSeniorNotesDueTwoThousandThirtySevenMember 2024-01-01 2024-03-31 0000916076 mlm:ThreePointFiveZeroZeroPercentSeniorNotesDueTwentyTwentySevenMember 2024-03-31 0000916076 2023-03-31 0000916076 mlm:ThreePointFourFiveZeroPercentSeniorNotesDueTwentyTwentySevenMember 2024-03-31 0000916076 mlm:FourPointTwoFiveZeroPercentSeniorNotesDueTwentyFourtySevenMember 2023-12-31 0000916076 2024-01-12 2024-01-12 0000916076 us-gaap:RetainedEarningsMember 2022-12-31 0000916076 mlm:WestGroupMember 2024-01-01 2024-03-31 0000916076 mlm:FourPointTwoFiveZeroPercentSeniorNotesDueTwentyTwentyFourMember 2023-12-31 0000916076 mlm:SevenPercentDebenturesDueTwentyTwentyFiveMember 2024-03-31 0000916076 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-01-01 2024-03-31 0000916076 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0000916076 mlm:TwoPointFiveZeroZeroPercentSeniorNotesDueTwentyThirtyMember 2023-12-31 0000916076 us-gaap:OperatingSegmentsMember mlm:BuildingMaterialsBusinessEastGroupMember 2023-01-01 2023-03-31 0000916076 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000916076 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000916076 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000916076 us-gaap:CommonStockMember 2022-12-31 0000916076 mlm:BuildingMaterialsBusinessMember us-gaap:OperatingSegmentsMember us-gaap:ReportableSubsegmentsMember mlm:CementAndReadyMixedConcreteMember 2024-01-01 2024-03-31 0000916076 mlm:ReportableSegmentsMember 2024-01-01 2024-03-31 0000916076 us-gaap:OperatingSegmentsMember 2024-01-01 2024-03-31 0000916076 mlm:FourPointTwoFiveZeroPercentSeniorNotesDueTwentyTwentyFourMember 2024-01-01 2024-03-31 0000916076 us-gaap:NoncontrollingInterestMember 2022-12-31 0000916076 us-gaap:RevolvingCreditFacilityMember 2023-12-31 0000916076 us-gaap:CorporateNonSegmentMember 2024-03-31 0000916076 mlm:BuildingMaterialsBusinessMember us-gaap:OperatingSegmentsMember 2023