The company said its total consolidated revenues for 2023 rose 10.0% to $6.78 billion from $6.16 billion in 2022, and net earnings from continuing operations attributable to Martin Marietta rose 40.1% to $1.20 billion from $856.3 million in 2022.

1. 01

   The company said its total consolidated revenues for 2023 rose 10.0% to $6.78 billion from $6.16 billion in 2022, and net earnings from continuing operations attributable to Martin Marietta rose 40.1% to $1.20 billion from $856.3 million in 2022.

2. 02

   Martin Marietta said aggregates shipments fell 4.3% in 2023, while aggregates pricing rose 18.9% (17.2% on a mix-adjusted basis), and aggregates gross margin increased 660 basis points.

3. 03

   The company said operating cash flow was $1.53 billion in 2023 ($991.2 million in 2022). It paid dividends totaling $174.0 million ($2.80 per share) and repurchased 0.4 million shares for $150.0 million.

4. 04

   The company said it entered into an agreement on February 11, 2024 to acquire 20 aggregates operations from affiliates of Blue Water Industries LLC for $2.05 billion in cash, and that the transaction is expected to close in 2024, subject to regulatory approvals and other conditions.

Key figures

Fiscal year ended December 31, 2023

Revenue

$6.8B

Operating income

$1.6B

Net income

$1.2B

EPS

$18.82

Gross profit

$2.0B

Operating cash flow

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.