QUOTE AND NEWS
SeekingAlpha  Aug 20  Comment 
By William Keep: Dear Investor: As your portfolio contains some percentage of high-risk/high-return opportunities, I want to pitch you on investing in a new TV reality show entitled: "Can This MLM Be Saved?" Naturally, you will want to know the...
SeekingAlpha  Aug 19  Comment 
By Rogier van Vlissingen: Herbalife (NYSE:HLF) remains in the news. Most recently with a downgrade by the Street, and some minor reports of certain investors getting in (deeper), as in the Capital Group, and some smart money getting out partially,...
newratings.com  Aug 18  Comment 
WASHINGTON (dpa-AFX) - Martin Marietta Materials, Inc. (MLM) said Monday that it has completed the divestitures required pursuant to a consent decree that was a condition of the Department of Justice's clearance of Martin Marietta's...
SeekingAlpha  Jul 29  Comment 
The following audio is from a conference call that will begin on July 29, 2014 at 14:00 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
DailyFinance  Jul 29  Comment 
Martin Marietta Materials, Inc. (NYSE: MLM) today reported its results for the second quarter ended June 30, 2014. Ward Nye, Chairman, President and CEO of Martin Marietta, stated: “Second-quarter 2014 results reflect...
Market Intelligence Center  Jul 24  Comment 
Martin Marietta Materials Inc. (MLM) traded between $129.15 and $131.78 before closing at $131.62 Wednesday and presents some attractive trading opportunities today according to MarketIntelligenceCenter.com's patented algorithms. The computer...
SeekingAlpha  Jul 23  Comment 
By Michael Williams: Is Herbalife (NYSE:HLF) a pyramid scheme or just another MLM? That is the pivotal question and certainly the criticism that Bill Ackman has leveled at Herbalife. His live presentation on July 22, 2014, was poor, sloppy, far...
TheStreet.com  Jul 10  Comment 
NEW YORK (TheStreet) -- Goldman Sachs added Martin Marietta Materials  to its Conviction Buy List and set a $159 price target. The firm believes the company is leveraged to higher domestic non-residential and public construction. The stock was...
Market Intelligence Center  Jul 3  Comment 
After closing Wednesday at $127.06, Martin Marietta Materials Inc. (MLM) presents an attractive opportunity to get a 5.17% return in just 107 days, which is an annualized return of 17.62% (for comparison purposes only). To enter this trade, sell...
Benzinga  Jul 3  Comment 
In a report published Thursday, D.A. Davidson & Co. analyst Brent Thielman reiterated a Neutral rating on Martin Marietta Materials (NYSE: MLM), and raised the price target from $125.00 to $130.00. In the report, D.A. Davidson & Co. noted,...




 

Martin Marietta Materials (NYSE: MLM) is a producer of aggregates for the infrastructure, agricultural, nonresidential, and residential construction.[1]The company also produces other chemicals used in industrial, agricultural, and environmental applications.[2] The company is segmented into the Mideast Group, Southeast Group, and West Group, collectively the Aggregates business, and the Specialty Products segment. As a producer of aggregates, the company's revenues depend on the construction industry.[3]


Business Growth

Martin earned $97 million on 2010 revenues of $1.78 billion, versus $85 million on 2009 revenues $1.70 billion.[4] Growth depends on residential construction activity, which has the potential of growth. In addition, the price increases also resulted in revenue growth.


Trends & Forces

Martin's revenues depend heavily on new construction starts, aggregate sales

A majority of Martin's aggregate products are used in the construction industry, so the company's results depend in part on the strength of the construction industry.[5] The housing slump beginning in 2007 has negatively affected Martin's business as new home construction dropped, reducing the number of residential homes to be built (and supplied with aggregates).[6] While private residential construction is a small market for MLM, the severe downturn in activity hurts business.[7] In general, the ongoing economic slowdown is leading lower levels of construction activity. A prolonged period of slow construction activity has the potential of significant curtailing Martin's growth.[8]


Energy Prices Makes Operation and Transport More Costly

Martin requires a continued supply of diesel fuel, natural gas, coal, petroleum coke and other forms of energy for production. Increasing energy costs, then, negatively affect the production of Martin's aggregates.[9] As a result, the price of oil and other energy sources have a significant impact of the company's margin.[10]

Competition

Competitors

Of the more than 3,800 aggregate companies in the United States, the company estimates that the five largest aggregates producers control control 31% of the market.[11]Due to transportation costs, competition in the aggregates industry is limited by a company's proximity to its production facilities. Some of the largest competitors are as follows:



References

  1. Reuters.com: Company Profile for Martin Marietta
  2. Reuters.com: Company Profile for Martin Marietta
  3. Reuters.com: Company Profile for Martin Marietta
  4. Morningstar Financials for Martin Marietta
  5. Martin Marietta 2010 Annual report
  6. Martin Marietta 2010 Annual report
  7. Martin Marietta 2010 Annual report
  8. Martin Marietta 2010 Annual report
  9. Martin Marietta 2010 Annual report
  10. Martin Marietta 2010 Annual report
  11. SEC, Martin Marietta Materials 10-K, pg. 10
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