Aggregates product gross margin expanded 230 basis points to 35.5 percent, an all-time record, largely driven by improved pricing, production efficiencies and lower diesel fuel costs.Source: Martin Marietta Materials, Inc.Second-quarter results and trends described in this earnings release may not be indicative of the Company’s future performance.This earnings release contains financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP). Investor Relations Greg Gardner, Vice President 301.897.6584 Email: greg.m.gardner@lmco.com.
David Weston, Director 301.897.6455 Email: david.weston@lmco.com.
Please enter your preferences for email notifications below and click "Submit" Investor Relations Investor relations inquiries from institutional shareholders and equity analysts should be directed to Martin Marietta Investor Relations. Since our listing on the New York Stock Exchange in February 1994, we have positioned Martin Marietta as an industry leader committed to the long-term success of our shareholders, employees, communities and other stakeholders. Pricing improved 3.3 percent due to strong performance across all divisions.The Facility Locator is a map that allows anyone to find facilities that Martin Marietta owns and more details related to the facilities.Commitment to Enhance Long-Term Shareholder Value
In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies.An American-based company and a leading supplier of building materials, Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive.Martin Marietta is dedicated to disciplined capital allocation that preserves the Company’s financial flexibility and further enhances shareholder value. Stock Quote.
Save time and enjoy the ease of completing Tasks online. Website: www.martinmarietta.com. Reconciliations of non-GAAP financial measures to the closest GAAP measures are included in the accompanying Appendix to this earnings release.
Suzanne Osberg -- Vice President, Investor Relations Good morning, and thank you for joining Martin Marietta's second quarter 2020 earnings … Unsubscribe from Investor Relations email alerts.
The Investor Relations website contains information about Martin Marietta Materials's business for stockholders, potential investors, and financial analysts. Management acknowledges that there are many items that impact a company’s reported results and the adjustments reflected in these non-GAAP measures are not intended to present all items that may have impacted these results. The Investor Relations website contains information about Martin Marietta Materials's business for stockholders, potential investors, and financial analysts.
Investor Relations Telephone: (919) 783-4691 Martin Marietta press releases and filings with the Securities and Exchange Commission can be accessed via the Company's website. If you are interested in Martin Marietta stock, management recommends that, at a minimum, you read the Company’s current annual report and Forms 10-K, 10-Q and 8-K reports to the Securities and Exchange Commission (SEC) over the past year. The Company’s capital allocation priorities remain unchanged and include value-enhancing acquisitions that promote the successful execution of the Company’s strategic growth plan, organic capital investment and the return of cash to shareholders through meaningful and sustainable dividends and share repurchases.Liquidity and Capital ResourcesSecond-quarter aggregates shipments declined 3.7 percent compared with the prior-year quarter, which benefited from carryover work due to the extraordinarily wet 2018.
In addition, these are some of the factors the Company uses in internal evaluations of the overall performance of its businesses.