On this page of StockholderLetter.com we present the 3/13/2023 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.

 •  3/13/2023 Letter Continued (Full PDF)
 •  4/15/2024 MLM Stockholder Letter
 •  4/15/2025 MLM Stockholder Letter
 •  More "Construction Materials & Machinery" Category Stockholder Letters
 •  MLM Benford's Law Stock Score = 99

MLM 3/13/2023 Shareholder/Stockholder Letter Transcript:

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.
Cover image: Red Canyon Quarry in Colorado Springs, CO

Mission. Vision. Values.
Letter to Shareholders.....................................................................................................2 6
Financial Highlights............................................................................................................. 7
Statement of Responsibility and Management  s Report on Internal Control
Over Financial Reporting.................................................................................................. 8
Report of Independent Registered Public Accounting Firm  
PricewaterhouseCoopers LLP .....................................................................................9 10
Consolidated Statements of Earnings............................................................................... 11
Consolidated Statements of Comprehensive Earnings..................................................... 12
Consolidated Balance Sheets............................................................................................ 13
Consolidated Statements of Cash Flows........................................................................... 14
Consolidated Statements of Total Equity ......................................................................... 15
Notes to Financial Statements.....................................................................................16 49
Management  s Discussion and Analysis of Financial Condition
and Results of Operations.........................................................................................50 83
Common Stock Performance Graph................................................................................. 84
Additional Non GAAP Reconciliation................................................................................ 85
Company Directory......................................................................................................86 90
General Information ......................................................................................................... 91
Annual Report
Page 1

Dear Shareholders and Stakeholders:
Page 2
Annual Report

Safest Year in Company   s History
ZERO
2022 Record Financial Performance
Annual Report
Page 3

3/13/2023 Letter Continued (Full PDF)

 

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