Recent Updates — MLM
Martin Marietta Materials reported second-quarter 2026 results with record revenues of $1.947 billion, a 21% increase year-over-year, driven by strong organic performance and acquisition contributions. Adjusted EBITDA rose 13% to $638 million, while diluted earnings per share declined 12% to $4.26 due to a $52 million non-cash charge from acquired inventory fair value adjustments. The company raised its full-year 2026 revenue guidance to $7.2–$7.4 billion and reaffirmed adjusted EBITDA guidance of $2.36–$2.5 billion, citing expected $350 million in annualized cash flow benefits from operational efficiencies. Additionally, Martin Marietta announced a definitive agreement to combine with Lhoist North America in an approximately $13.5 billion transaction and completed the acquisition of New Frontier Materials.
Martin Marietta Materials, Inc. amended its $800,000,000 revolving credit facility and entered into a new $1,500,000,000 three-year senior unsecured term loan facility with JPMorgan Chase Bank, N.A. and other lenders to support its acquisition of Lhoist North America, Inc. The amended revolving facility and the new term facility both include modified financial covenants regarding a maximum Leverage Ratio of 4.75:1.00 for the first three quarters post-acquisition, 4.25:1.00 for the next three quarters, and 0.75:1.00 thereafter. Martin Marietta Materials, Inc. is a construction materials company that provides building and infrastructure-related products and services.
Martin Marietta Materials, Inc. entered into a Securities Sale Agreement on June 27, 2026, to acquire Lhoist North America, Inc. for $13.5 billion, consisting of $7 billion in cash and 10,953,543 newly-issued common stock shares. The company has secured a $7 billion unsecured bridge loan facility from Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC to finance the transaction. Martin Marietta Materials, Inc. is a producer of industrial minerals and aggregates in North America.
Martin Marietta Materials, Inc. entered into a Securities Sale Agreement with LNA Holding SRL on June 27, 2026, to acquire Lhoist North America, Inc. for $13.5 billion in a combination of cash and common stock. The transaction involves the production, distribution, and marketing of lime, dolomitic lime, limestone- and dolomitic stone-based industrial minerals and aggregates in North America. Martin Marietta Materials, Inc. operates in the construction materials industry and provides industrial minerals and aggregates.