Martin Marietta Materials, Inc. Announces Third Quarter EPS of $1.13

Martin Marietta Materials, Inc. MLM today announced results for the third quarter and nine months ended September 30, 2010.

NOTABLE ITEMS

• Earnings per diluted share of $1.13 compared with $1.23
• Net sales increased to $443.7 million compared with $428.3 million
• Heritage aggregates product line volume up 6.3% for the quarter
• Heritage aggregates product line pricing down 3.1%, or $0.32 per ton; product and project mix account for 160 basis points of the decline
• Specialty Products record third-quarter earnings from operations of $12.0 million
• Selling, general and administrative expenses down $1.7 million and 70 basis points as a percentage of net sales
• Consolidated operating margin (excluding freight and delivery revenues) of 18.9% compared with 20.8%