ICR: BBB
Outlook: Stable
Martin Marietta is a leading supplier of aggregates (crushed stone, sand and gravel) in North America, with 281 quarries and mines and 76 distribution yards in 28 states and Canada, and 75 years of reserves based on 2023 production level. The company also produces cement, ready-mix concrete, asphalt and magnesia specialties, but aggregates account for nearly 80% of gross profit in 2024 pro forma for recent business portfolio changes. End markets for the company's aggregates shipments include public infrastructure (35% of total), nonresidential construction (36%), and residential construction (24% of total).
ICR: BBB
Outlook: Stable
Martin Marietta is a leading supplier of aggregates (crushed stone, sand and gravel) in North America, with 281 quarries and mines and 76 distribution yards in 28 states and Canada, and 75 years of reserves based on 2023 production level. The company also produces cement, ready-mix concrete, asphalt and magnesia specialties, but aggregates account for nearly 80% of gross profit in 2024 pro forma for recent business portfolio changes. End markets for the company's aggregates shipments include public infrastructure (35% of total), nonresidential construction (36%), and residential construction (24% of total).
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