Topic: How To Invest

Q: What does TSI think about Martin Marietta Materials (MLM for new investment? Thank you.

Article Excerpt

A: Martin Marietta Materials Inc., $331.87, symbol MLM on New York (Shares outstanding: 62.4 million; Market cap: $20.9 billion; Manufacturing sector; TSINetwork Rating: Average; www.martinmarietta.com), is a leading supplier of building materials. Products include aggregates, cement, ready-mixed concrete and asphalt. The company operates in 26 states, Canada and The Bahamas. Its Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. The stock was spun off from Lockheed Martin (symbol LMT on New York) in 1996. Over the last five years, Martin Marietta’s revenue has increased steadily, rising 36.5%, from $3.97 billion in 2017 to $5.41 billion in 2021. Excluding one-time items, earnings improved 68.9%, from $455.2 million ($7.17 a share) to $769.0 million ($12.28 a share). In the quarter ended June 30, 2022, overall revenue increased 19.1%, to $1.64 billion from $1.38 billion a year earlier. Sales were higher in both its Building Materials and Magnesia Specialties businesses during the quarter. Excluding one-time items, the company earned…

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