Strong quarter impacted by one-offs
Martin Marietta Materials (MLM) witnessed a very strong Q3 despite a challenging operating environment and put forward a positive outlook for the upcoming year in regards to volume and price. While the current quarter was impacted by weather related events, they should be transitory in nature and the long term story remains intact. Being the second largest US aggregates supplier, and its positioning in strong markets, MLM is expected to benefit from surge in construction activities. Particular case in point are regulatory impetus from the likes of FAST