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Article: Martin Marietta Materials, Inc. Reports Second Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Gross Profit Margin Expands 70 Basis Points
RALEIGH, N.C. -- Martin Marietta Materials, Inc. (NYSE:MLM) today announced results for the second quarter and six months ended June 30, 2009. Notable items for the quarter were:
* Net sales of $411.3 million, down 22% compared with the 2008 second quarter
* Consolidated gross profit margin (excluding freight and delivery revenues) of 27.2%, up 70 basis points over the prior-year quarter
* Earnings from operations of $73.0 million compared with $104.9 million in the prior-year quarter
* Earnings per diluted share of $0.86, compared with $1.51 for the prior-year quarter
* ...