Rock Products

DEC 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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Page 10 of 99 ROCKproducts • December 2018 • 9 leading state by unit profitability, were disproportionately negatively affected during the industry's busiest and most profitable period. Despite these short- term disruptions, we remain on track to once again deliver record revenues and EBITDA (Earnings Before Interest, Taxes, and Depreciation and Amor- tization) for the full year, and we are well-positioned to continue our growth trajectory in 2019. "We believe the ongoing construc- tion cycle will continue to promote sustainable and steady growth for the foreseeable future, fueled by strong underlying demand and the long-awaited arrival of increased public-sector activity," Nye contin- ued. "A compelling need for greater infrastructure investment exists to address much-needed maintenance and improvements, support economic growth and rebuild from weather events. We are encouraged by the recent and ongoing actions state and local governments are taking to secure additional funding for transportation projects. Indeed, Martin Marietta is poised to benefit from an acceleration in public lettings and contract awards in key states such as Texas, Colorado, North Carolina, Georgia and Florida. We are prepared to meet these future market demands. Important catalysts to do so will come from increased contractor capacity and logistics improvements. While getting better, these bottlenecks have nonetheless contributed to project delays and con- strained construction growth in recent years. That said, these factors are also extending the construction cycle and promoting steady growth." Nye concluded, "Assessing these mac- roeconomic factors holistically and applying them to Martin Marietta, we anticipate increased private-sector demand, improving infrastructure con- struction activity and favorable pricing trends throughout 2019. We expect our key states to benefit from continued, favorable construction growth due to their economic drivers and popula- tion trends. Our strategic geographic footprint, leading market positions, dis- ciplined execution of our strategic plan and world-class attributes across our business – including safety, efficiency and operational excellence – firmly posi- tion Martin Marietta for both further growth and shareholder value creation." 'XUH[ ® 6FUHHQLQJ$FFHVVRULHV 6WHHO6WULQJHUV6WHHO6WXGVDQG6WHHO8&KDQQHOVIRUPRGXODUSDQHOV 7HQVLRQ5DLOV &HQWHU+ROG'RZQ&RPSRQHQWV 6SUD\3LSLQJ1R]]OHV9MHW6SUD\V &KDQQHO%XFNHU%DU5XEEHU 6NLUW%RDUG5XEEHU +DUGZDUH'RQXWV -%ROWV7HQVLRQ:HGJH$VVHPEOLHVHWF Â FXVWRPHUVHUYLFH#GXUH[SURGXFWVFRP Â ZZZGXUH[SURGXFWVFRP Invest in our quality 3URÀWIURPRXUVROXWLRQV TM

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