Ceramic Industry News

Martin Marietta Announces First Quarter Results

May 4, 2001
/ Print / Reprints /
/ Text Size+
Martin Marietta Materials recently reported financial results for the first quarter ended March 31, 2001.

Martin Marietta Materials, Inc. recently reported financial results for the first quarter ended March 31, 2001. Net sales of $263.6 million for the first quarter declined 4.5%, as compared with 2000 first quarter net sales of $276.1 million. First quarter earnings from operations were $2.2 million, a decline of $17.9 million, from the $20.1 million in the comparable prior year period. Net loss for the quarter was $4.7 million, or $0.10 per diluted share, compared with 2000 first quarter net earnings of $7.3 million, or $0.16 per diluted share. Interest expense of $10.5 million, and other income and expenses, net, of $1.3 million of income for the first quarter, were relatively consistent with the 2000 first quarter comparison. Interest expense is expected to increase as a result of the issuance of $250 million in 6-7/8 percent Notes due 2011, with interest payable April 1 and October 1. The net proceeds from the sale of the Notes were used to finance the acquisition of Meridian Aggregates Co. and for general corporate purposes. Martin Marietta Materials' debt-to-capitalization ratio was 52% at March 31, 2001, after issuance of the Notes and prior to the purchase of Meridian.

For more information, call (919) 783-4658 or visit http://www.martinmarietta.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI October 2014 cover

2014 October

Materials advances, refractories and renewable energy - oh, my! Check out our October issue today!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!