Martin Marietta Materials

American materials company

(Learn how and when to remove this template message)

NYSE: MLM
S&P 500 component

IndustryConstruction MaterialsFounded1993HeadquartersRaleigh, North Carolina, U.S.

Key people

C. Nye (President & CEO)
Jim Nickolas (CFO)Revenue

US$4.7 billion (2020)^[1]

Operating income

US$1 billion (2020)

Net income

US$721 million (2020)Total assets

US$10.6 billion (2020)Total equity

US$5.9 billion (2020)

Number of employees

8,714 (2019)Websitemartinmarietta.com

Martin Marietta Materials, Inc. is an American company and a member of the S&P 500 Index. The company is a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks and foundations.

History

The present-day materials business is distantly descended from Superior Stone, an aggregates company founded in 1939 in Raleigh, North Carolina. In 1959, the company was purchased by the American-Marietta Corporation, which merged with the Glenn L. Martin Company a year later to form the Martin Marietta Corporation. In 1971, Martin Marietta acquired Harvey Aluminum, a company which made aluminum oxide, aluminum ingot and aircraft grade aluminum sheet. Martin Marietta merged with Lockheed Corporation in 1995, and a year later, Martin Marietta Materials was spun off as an independent company, with Lockheed Martin retaining various aerospace, defense, and other manufacturing lines of business.

Martin Marietta's Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products.^{[citation needed]}