Martin Marietta Rises
- Written by Mark Kuhar
August 1, 2012 – Martin Marietta Materials's second-quarter report indicates that things are best in the West. Earnings rose 2.8 percent as the company reported stronger shipments and pricing in its aggregates business, led by demand in the Western United States. Martin Marietta said it has seen continuing signs of recovery in certain markets, mostly in the western U.S., where aggregates shipments were up 7.6 percent. The Texas market was cited as particularly strong thanks to rising shipments to energy-sector and residential markets. Overall aggregates segment volume was up 2.8 percent and pricing increased 2.4 percent. Shipments in the infrastructure end-use market, which represents more than half of the segment's business, increased 3 percent.