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Martin Marietta posts better results on back of construction recovery

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Spurred by the ongoing recovery in construction, Martin Marietta Materials reported higher earnings in its quarterly report Thursday.

Martin Marietta has quarries in Augusta, Grovetown and Thomson, and a regional headquarters in Augusta.

The Raleigh, N.C.-based company reported a third quarter profit of $71.8 million, or $1.55 per share, compared to $62.9 million, or $1.36 per share, in the third quarter of 2012.

“We are encouraged by significant improvements in our markets and believe, as do most third-party forecasters, that significant upside potential remains in both the residential and nonresidential construction segments,” said company President Ward Nye. “Additionally, our aggregates business will benefit from the current boom in shale gas production.”


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