Rock Products

JUN 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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12 • ROCK products • June 2018 IN THE KNOW Martin Marietta Materials reported results for the first quarter ended March 31, 2018. The company is reporting revenues of $802 million versus $843.9 million in the first quarter of 2017. Ward Nye, chairman, president and CEO of Martin Marietta, stated, "As we start the year, we are encouraged by Martin Marietta Takes First Quarter Hit; Bluegrass Acquisition Moves Forward ongoing customer optimism and our first-quarter results, both of which are con- sistent with our e x p e c t a t i o n s . Additionally, while we remain on track to achieve our original 2018 guidance, we are updating and increasing that outlook to reflect the contribution we expect from our acquisition of Bluegrass Materials Co. "We remain confident that underlying market fundamentals, including posi- tive employment and population trends across our geographic footprint, will stimulate continued growth in private construction activity and provide an impetus for additional infrastructure demand as the current broad-based recovery continues. Underlying demand trends, coupled with continued pricing growth for all products and segments, reinforce our full-year 2018 outlook as construction activity accelerates during the balance of the year. Importantly, throughout the quarter, we saw strong shipment volumes on days not impacted by typical winter weather. "Our confidence is bolstered by the recent completion of our acquisition of Blue- grass and the addition of a talented group of new employees to the Martin Mari- etta team. The acquisition, the second largest in our history, strengthens our aggregates-led position in high-growth southeastern and Mid-Atlantic regions, particularly in Georgia and Maryland, FAST FACT For the quarter, aggregates product revenues decreased 5.8 percent, reflecting a 7.9 percent decline in ship- ments. Ward Nye Condor Models Feature: • Classic Eagle Iron Works outboard bearings, mounting points, rising current classifier and adjustable weirs • Class 1 Dodge reducer • U.S. Steel construction

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