Martin Marietta Materials, Inc. is a producer of aggregates for the construction industry, including infrastructure, commercial, agricultural and residential. The Company also manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications and dolomitic lime sold primarily to customers in the steel industry. The Company operates in four business segments: the Mideast Group, Southeast Group, and West Group, collectively the Aggregates business, and the Specialty Products segment. During the year ended December 31, 2009, the Company’s Aggregates business accounted for 90% of the Company’s total net sales, and the Specialty Products segment accounted for 10% of the Company’s total net sales.
Aggregates Business
The Aggregates business mines, processes and sells granite, limestone, sand, gravel, and other aggregate products for use in all sectors of the public infrastructure, commercial and residential construction industries, as well as agriculture, railroad ballast, chemical, and other uses. The Aggregates business also includes the operation of other construction materials businesses. These businesses, located primarily in the West Group, include asphalt, ready mixed concrete and road paving operations. During 2009, the Company’s Aggregates business shipped 123.4 million tons of aggregates primarily to customers in 31 states, Canada, the Bahamas, and the Caribbean Islands.
The Aggregates business markets its products primarily to the construction industry, with approximately 55% of its shipments made to contractors in connection with highway and other public infrastructure projects, and the balance of its shipments made primarily to contractors in connection with commercial and residential construction projects. The Company’s Aggregates business covers a wide geographic area, with aggregates, asphalt products, and ready mixed concrete sold and shipped from a network of approximately 289 quarries, underground mines, distribution facilities, and plants to customers in 31 states, Canada, the Bahamas, and the Caribbean Islands.
Specialty Products Business
The Company manufactures and markets, through its Specialty Products business, magnesia-based chemical products for industrial, agricultural, and environmental applications, and dolomitic lime for use primarily in the steel industry. These chemical products have varying uses, including flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. During 2009, 69% of Specialty Products’ net sales were attributable to chemical products, 30% to lime, and 1% to stone. During 2009, approximately 70% of the lime produced was sold to third-party customers, while the remaining 30% was used internally as a raw material in making the business’ chemical products. Dolomitic lime products sold to external customers are used primarily by the steel industry. The principal raw materials used in the Specialty Products business are dolomitic limestone and alkali-rich brine.

Martin Marietta Materials (NYSE: MLM) is in the aggregate, chemical, and composite material business. It is the second largest producer of crushed stone, sand, and gravel in the United States behind Vulcan Materials Company. It is a leading U.S. producer of magnesia-based chemical products used as additives in applications including ceramics, paper, sugar, animal feed, and water treatment. It produces domolitic lime used as a fluxing agent by the steel industry. It is a supplier of fiber-reinforced polymer products for use in infrastructure such as panels and bridge decks and transportation components such as truck trailers and railroad cars.
It was established as an independent company in 1996, spun off from the newly created Lockheed Martin after having been part of Martin Marietta since 1961. It dates its origins back to 1939, when Superior Stone, an aggregates company in Raleigh, North Carolina, was founded. The company's corporate headquarters is located in Raleigh, North Carolina.


OVERALL
Beta: 0.98
Market Cap (Mil.): $4,028.22
Shares Outstanding (Mil.): 45.59
Annual Dividend: 1.60
Yield (%): 1.81
FINANCIALS
MLM.N Industry Sector
P/E (TTM): 39.10 11.59 24.21
EPS (TTM): 53.92 -- --
ROI: 3.63 0.27 17.92
ROE: 7.59 0.30 18.01


Name Age Since Current Position
Zelnak, Stephen 66 2010 Non-Executive Chairman of the Board
Nye, C. Howard 48 2010 President, Chief Executive Officer, Director
Lloyd, Anne 49 2009 Chief Financial Officer, Executive Vice President, Treasurer
Shephard, Daniel 52 2005 Executive Vice President; Chief Executive Officer of Magnesia Specialties Business
Vaio, Bruce 50 2006 Executive Vice President; President of Martin Marietta Materials West
Bar, Roselyn 52 2005 Senior Vice President, General Counsel, Corporate Secretary
McDonald, William 68 1996 Independent Director
Menaker, Frank 70 1993 Independent Director
Vinroot, Richard 69 1996 Independent Director
Cole, Sue 60 2002 Independent Director
Rediker, Dennis 67 2003 Independent Director
Perez, Laree 57 2004 Independent Director
Maffucci, David 60 2005 Independent Director
Quillen, Michael 62 2008 Independent Director

COMPANY ADDRESS
Martin Marietta Materials Inc
2710 Wycliff Road
Raleigh NC 27607
 
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