Martin Marietta Materials’ profits soar July-September 2015 to US$117.5mn

Martin Marietta Materials, the US-based heavy construction materials firm, posted US$117.5mn profit in July-September 2015, a marked upturn against a $53.7 million profit the previous year. The Wall Street Journal reports that the company’s revenue in the three-month period stood at $1.08 billion, up 7.9%, while sales in its aggregates business increased from $917.9 million to $1 billion. The revenue and profit growths were boosted by the recently concluded the $420 million sale of Martin Marietta Materials

Quarry Products / November 6, 2015

3746 Martin Marietta Materials, the US-based heavy construction materials firm, posted US$117.5mn profit in July-September 2015, a marked upturn against a $53.7 million profit the previous year. The Wall Street Journal reports that the company’s revenue in the three-month period stood at $1.08 billion, up 7.9%, while sales in its aggregates business increased from $917.9 million to $1 billion. The revenue and profit growths were boosted by the recently concluded the $420 million sale of Martin Marietta Materials’ California cement business. The company plans to buy back extra shares using the proceeds from the sale, says Ward Nye, Martin Marietta Materials CEO.

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