2024-02-14 17:08:07 ET
Martin Marietta Materials, Inc. (MLM)
Q3 2023 Earnings Conference Call
February 14, 2024 10:00 AM ET
Company Participants
Jacklyn Rooker - Director, IR
Ward Nye - Chairman, President and CEO
Jim Nickolas - EVP and CFO
Conference Call Participants
Trey Grooms - Stephens
Stanley Elliott - Stifel
Anthony Pettinari - Citi
Angel Castillo - Morgan Stanley
Jerry Revich - Goldman Sachs
Philip Ng - Jefferies
Tyler Brown - Raymond James
Kathryn Thompson - Thompson Research Group
Timna Tanners - Wolfe Research
Michael Dudas - Vertical Research
Keith Hughes - Truist
Garik Shmois - Loop Capital
Joe Nolan - Longbow Research
Adam Thalhimer - Thompson Davis
Presentation
Operator
Welcome to Martin Marietta's Fourth Quarter and Full Year 2023 Earnings Conference Call. All participants are now in a listen-only mode. A question-and-answer session will follow the company's prepared remarks. As a reminder, today's call is being recorded and will be available for replay on the company's website.
I will now turn the call over to your host, Ms. Jacklyn Rooker, Martin Marietta's Director of Investor Relations. Jacqueline, you may begin.
Jacklyn Rooker
Good morning and thank you for joining Martin Marietta's fourth quarter and full year 2023 earnings call. With me today are Ward Nye, Chairman and Chief Executive Officer; and Jim Nicholas. Executive Vice President and Chief Financial Officer.
Today's discussion may include forward-looking statements as defined by the United States securities laws in connection with future events, future operating results, or financial performance.
Like other businesses, Martin Marietta is subject to risks and uncertainties that could cause actual results to differ materially. We undertake no obligation, except as legally required to publicly update or revise any forward-looking statements, whether resulting from new information, future developments, or otherwise.
Please refer to the legal disclaimers contained in today's earnings release and other public filings, which are available on both our own and the Securities and Exchange Commission's website.
We have made available during this webcast and on the Investors section of our website, supplemental information that summarizes our financial results and trends. As a reminder, all financial and operating results discussed today are for continuing operations.
In addition, non-GAAP measures are defined and reconciled to the most directly comparable GAAP measure in the appendix to the supplemental information as well as our filings with the SEC and are also available on our website.
Ward and I will begin today's earnings call with a discussion of our 2023 financial highlights and operating performance. Jim Nickolas will then review our financial results and capital allocation in more detail. After which, Ward will conclude with end market trends and our 2024 outlook. A question-and-answer session will follow. Please limit your Q&A participation to one question.
I will now turn the call over to Ward.
Ward Nye
Jacklyn, thank you. Good morning and thank you so much for joining today's teleconference. I'm pleased to report 2023 was the safest and most profitable year in Martin Marietta's history.
We delivered both record financial performance, eclipsing $2.1 billion in adjusted EBITDA and also world-class safety results, achieving a world-class total injury incident rate for the third year in a row and a world-class lost-time incident rate for the seventh consecutive year....
Read the full article on Seeking Alpha
For further details see:
Martin Marietta Materials, Inc. (MLM) Q4 2023 Earnings Call Transcript