On this page of StockholderLetter.com we present the latest annual shareholder letter from MARTIN MARIETTA MATERIALS INC — ticker symbol MLM. Reading current and past MLM letters to shareholders can bring important insights into the investment thesis.
• 
4/15/2025 Letter Continued (Full PDF)
•
3/13/2023 MLM Stockholder Letter
• 4/15/2024 MLM Stockholder Letter
• More "Construction Materials & Machinery" Category Stockholder Letters
•
MLM Benford's Law Stock Score = 91
4/15/2025 Letter Continued (Full PDF)
•
3/13/2023 MLM Stockholder Letter•
4/15/2024 MLM Stockholder Letter•
More "Construction Materials & Machinery" Category Stockholder Letters•
MLM Benford's Law Stock Score = 91MLM Shareholder/Stockholder Letter Transcript:
2024
Annual Report
Ames Mine
Ames, Iowa
Diamond Elite Winner
Martin Marietta, a member of the S&P 500 Index, is an American-based
company and a leading supplier of building materials, including aggregates,
cement, ready mixed concrete and asphalt. Through a network of operations
spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams
supply the resources necessary for building the solid foundations on which our
communities thrive. Martin Marietta s Magnesia Specialties business produces
high-purity magnesia and dolomitic lime products used domestically and
worldwide in environmental, industrial, agricultural and specialty applications.
Mission. Vision. Values.
Letter to Shareholders ..................................................................................................... 2 -8
Financial Highlights ......................................................................................................... .... 9
Statement of Responsibility and Management s Report on Internal Control
Over Financial Reporting................................................................................................ 1 0
Report of Independent Registered Public Accounting Firm
PricewaterhouseCoopers LLP ................................................................................... 11-12
Consolidated Statements of Earnings............................................................................... 13
Consolidated Statements of Comprehensive Earnings..................................................... 14
Consolidated Balance Sheets ............................................................................................ 15
Consolidated Statements of Cash Flows........................................................................... 16
Consolidated Statements of Total Equity ......................................................................... 17
Notes to Financial Statements ..................................................................................... 18-49
Management s Discussion and Analysis of Financial Condition
and Results of Operations ......................................................................................... 50-78
Common Stock Performance Graph ................................................................................. 79
Additional Non-GAAP Reconciliations .............................................................................. 80
Company Directory ...................................................................................................... 81-85
General Information ......................................................................................................... 86
2024 Annual Report
Page 1
LETTER TO SHAREHOLDERS
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Dear Fellow Shareholders,
In 2024, we successfully navigated several challenging product-demand
dynamics including persistent inclement weather and a modest private
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Page 2 2024 Annual Report
LETTER TO SHAREHOLDERS
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Record Year in Enterprise Excellence, Including Safest Year on Record
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2024 Annual Report Page 3
4/15/2025 Letter Continued (Full PDF)