MARTIN MARIETTA MATERIALS INC

Martin Marietta Materials, Inc. announced that its Board of Directors approved an increase in its quarterly cash dividend. The dividend will rise from $0.83 per share to $0.84 per share, representing an annualized dividend of $3.36 per share. This marks the eleventh consecutive annual dividend increase, reflecting the company's commitment to shareholder returns and confidence in its business strength.

Martin Marietta Materials, Inc. announced the pricing of a $5.5 billion aggregate principal amount of Senior Notes across five tranches with maturities ranging from 2029 to 2056 and interest rates from 4.850% to 6.375%. The net proceeds from this offering, combined with borrowings from a $1.5 billion senior unsecured term loan facility, will be used to finance the previously announced acquisition of Lhoist North America, Inc. The offering is expected to close in the third quarter of 2026, with Goldman Sachs, J.P. Morgan, Deutsche Bank, and Truist Securities serving as underwriters.

Martin Marietta Materials, Inc. announced it has received all necessary regulatory approvals for its acquisition of Lhoist North America, Inc. The transaction, valued at approximately $13.5 billion, includes $7.0 billion in cash and 10,953,543 shares of Martin Marietta common stock. The acquisition is anticipated to close in the third quarter of 2026. The filing also included Lhoist's financial statements, reporting $1.75 billion in sales and $513.8 million in net income for 2025.

Martin Marietta Materials, Inc. announced it has received all necessary regulatory approvals for its previously announced acquisition of Lhoist North America, Inc. The transaction, valued at $13.5 billion in cash and stock, is now expected to close in the third quarter of 2026, subject to customary closing conditions. Lhoist North America operates a business producing and distributing lime, dolomitic lime, and aggregates in North America.

Martin Marietta Materials, Inc. announced it has received all necessary regulatory approvals for its previously announced combination with Lhoist North America, Inc. The transaction is now anticipated to close in the third quarter of 2026, subject to customary closing conditions. This strategic combination is expected to position Martin Marietta as the nation's leading producer of lime and limestone solutions.

Martin Marietta Materials, Inc. announced the promotion of Michael J. Petro to Executive Vice President, Chief Financial Officer, effective August 4, 2026. In connection with his promotion, Mr. Petro's new compensation package includes a base salary of $750,000, a target annual incentive of 100% of base salary, and a target long-term incentive of 260% of base salary. He also received a one-time grant of restricted stock units valued at $5,000,000, vesting over six, seven, and eight years. The employment agreement outlines severance benefits for various termination scenarios, including three times his base salary and target bonus for termination without cause or for good reason.

Martin Marietta reported record second-quarter revenues of $1.947 billion, a 21% increase, and Adjusted EBITDA from continuing operations grew 13% to $638 million. The company raised its full-year revenue guidance to $7.2 billion-$7.4 billion and reaffirmed its Adjusted EBITDA guidance. Strategically, Martin Marietta entered a definitive agreement to combine with Lhoist North America for approximately $13.5 billion and completed the acquisition of New Frontier Materials, further strengthening its portfolio and expanding its Specialties platform.

Martin Marietta Materials, Inc. has entered into a new $1.5 billion three-year senior unsecured term loan facility to finance its previously announced acquisition of Lhoist North America, Inc. Concurrently, the company amended its existing $800 million revolving credit facility. Both agreements include modified financial covenants, establishing a tiered maximum Leverage Ratio that adjusts over time following the acquisition's closing, starting at 4.75:1.00 for the initial three fiscal quarters.

Martin Marietta Materials, Inc. announced it will host its second-quarter 2026 earnings call on Thursday, July 30, 2026, at 10:00 a.m. Eastern Time. The company plans to release its results for the quarter ended June 30, 2026, before the market opens on the same day. A live webcast and supplemental information will be accessible through the Investors section of the company's website.

Martin Marietta Materials, Inc. has entered into a definitive agreement to acquire Lhoist North America, Inc. for $13.5 billion. The acquisition, announced on June 27, 2026, will be paid with $7 billion in cash and $6.5 billion in newly-issued Martin Marietta common stock. Lhoist North America is a producer and distributor of lime, dolomitic lime, limestone-based industrial minerals, and aggregates in North America. Post-acquisition, LNA Holding will own approximately 15% of Martin Marietta and gain board representation rights. The deal is subject to regulatory approvals, with a potential $350 million termination fee for Martin Marietta if regulatory clearances fail.