$MLM

MARTIN MARIETTA MATERIALS INC

CIK:0000916076|SEC Filings

Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 1,947	$ 1,609	$ 3,309	$ 2,771
Cost of revenues	1,452	1,113	2,504	1,960
Gross Profit	495	496	805	811
Selling, general and administrative expenses	116	104	249	230
Acquisition, divestiture and integration expenses	18	2	24	4
Other operating income, net	(11)	(23)	(1)	(14)
Earnings from Operations	372	413	533	591
Interest expense	59	57	115	113
Other nonoperating income, net	(7)	(9)	(19)	(19)
Earnings from continuing operations before income tax expense	320	365	437	497
Income tax expense	64	73	101	101
Earnings from continuing operations	256	292	336	396
(Loss) Earnings from discontinued operations, net of income tax (benefit) expense	(5)	36	1,428	48
Consolidated net earnings	251	328	1,764	444
Less: Net earnings attributable to noncontrolling interests	0	0	0	0
Net Earnings Attributable to Martin Marietta	251	328	1,764	444
Consolidated Comprehensive Earnings (See Note A)
Comprehensive earnings attributable to Martin Marietta	292	331	1,798	448
Comprehensive earnings attributable to noncontrolling interests	0	0	0	0
Consolidated comprehensive earnings	$ 292	$ 331	$ 1,798	$ 448
Net Earnings (Loss) Attributable to Martin Marietta Per Common Share:
Basic earnings per share from continuing operations	$ 4.27	$ 4.85	$ 5.57	$ 6.54
Basic (loss) earnings per share from discontinued operations	(0.09)	0.59	23.75	0.79
Total basic earnings per share attributable to common shareholders	4.18	5.44	29.32	7.33
Diluted earnings per share from continuing operations	4.26	4.84	5.56	6.52
Diluted (loss) earnings per share from discontinued operations	(0.09)	0.59	23.71	0.79
Total diluted earnings per share attributable to common shareholders	$ 4.17	$ 5.43	$ 29.27	$ 7.31
Weighted-Average Common Shares Outstanding:
Basic	60.1	60.3	60.2	60.6
Diluted	60.2	60.4	60.3	60.7

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Consolidated net earnings	$ 1,764	$ 444
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:
Depreciation, depletion and amortization	371	321
Stock-based compensation expense	41	37
Gain on divestitures and sales of assets	(1,977)	(15)
Deferred income taxes, net	278	9
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net	(269)	(226)
Inventories, net	61	(42)
Accounts payable	55	48
Other assets and liabilities, net	25	35
Other items, net	(10)	(6)
Net Cash Provided by Operating Activities	339	605
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(314)	(412)
Acquisitions, net of cash acquired	(733)	0
Proceeds from divestitures and sales of assets	469	18
Investments in life insurance contracts, net	10	1
Investments in limited liability company	0	(44)
Other investing activities, net	0	(15)
Net Cash Used for Investing Activities	(568)	(452)
Cash Flows from Financing Activities:
Proceeds from borrowings	1,085	0
Repayments of debt	(460)	0
Payments on finance lease obligations	(10)	(12)
Dividends paid	(102)	(97)
Repurchases of common stock	(200)	(450)
Shares withheld for employees' income tax obligations	(27)	(29)
Other financing activities, net	(4)	1
Net Cash Provided by (Used for) Financing Activities	282	(587)
Net Increase (Decrease) in Cash and Cash Equivalents	53	(434)
Cash and Cash Equivalents, beginning of period	67	670
Cash and Cash Equivalents, end of period	$ 120	$ 236

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 112	$ 67
Restricted cash	8	0
Accounts receivable, net	1,020	723
Inventories, net	1,169	1,078
Other current assets	131	95
Current assets held for sale	6	1,230
Total Current Assets	2,446	3,193
Property, plant and equipment	18,429	15,330
Allowances for depreciation, depletion and amortization	(5,328)	(5,040)
Property, plant and equipment, net	13,101	10,290
Goodwill	3,959	3,614
Other intangibles, net	565	459
Operating lease right-of-use assets, net	381	367
Other noncurrent assets	853	788
Total Assets	21,305	18,711
Current Liabilities:
Accounts payable	349	389
Accrued salaries, benefits and payroll taxes	71	100
Accrued other taxes	50	46
Current maturities of long-term debt	860	30
Current operating lease liabilities	70	62
Unpaid commitments to limited liability companies	51	51
Other current liabilities	288	217
Total Current Liabilities	1,739	895
Long-term debt	5,091	5,293
Deferred income taxes, net	1,641	1,266
Noncurrent operating lease liabilities	324	320
Other noncurrent liabilities	962	903
Total Liabilities	9,757	8,677
Commitments and Contingencies - Note I	0	0
Equity:
Common stock, par value $0.01 per share (60,050,859 shares and 60,309,739 shares outstanding at June 30, 2026 and December 31, 2025, respectively)	1	1
Preferred stock, $0.01 par value per share (10,000,000 shares authorized; no shares outstanding)	0	0
Additional paid-in capital	3,587	3,569
Accumulated other comprehensive earnings	94	60
Retained earnings	7,864	6,402
Total Shareholders' Equity	11,546	10,032
Noncontrolling interests	2	2
Total Equity	11,548	10,034
Total Liabilities and Equity	$ 21,305	$ 18,711