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News Martin Marietta increases sales and earnings in 2021

Martin Marietta increases sales and earnings in 2021

Written by Global Cement Staff 25 February 2022
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US: Martin Marietta’s full-year consolidated sales were US$5.08bn in 2021, up by 15% year-on-year from US$4.43bn in 2020. Its cement sales rose by 9.3% to US$495m from US$453m. Overall, its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 9.7% year-on-year to US$1.53bn from US$1.39bn.

The producer said that its Texas cement shipments increased by less than 1% to 1.1Mt in the fourth quarter of 2021. It attributed the record volume to demand growth from large and diversified projects and increased oil well cement demand. Nonetheless, higher energy and raw materials costs ultimately outpaced shipment and pricing gains.

Published in Global Cement News
Tagged under
  • US
  • Martin Marietta
  • Results
  • demand
  • oil well cement
  • Infrastructure
  • costs
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