Nov 4, 7:01 AM ET
Martin Marietta reported third-quarter 2026 financial results, highlighted by record revenues of $2.37 billion and Adjusted EBITDA of $808 million driven by acquisitions including Lhoist North America. Net earnings from continuing operations declined to $256 million, and the company updated its full-year 2026 guidance to reflect acquisition contributions and macroeconomic pressures.
- Third-quarter revenues from continuing operations reached $2.37 billion, up 28 percent year-over-year.
- Net earnings from continuing operations attributable to Martin Marietta were $256 million, or $3.94 per diluted share.
- The business combination with Lhoist North America was completed on August 21, 2026, for a total consideration of $12.9 billion.
- Full-year 2026 revenue guidance was updated to a midpoint of $7.80 billion and Adjusted EBITDA to $2.48 billion.
Read the filing on SEC.gov ↗
Sep 16, 4:11 PM ET
Martin Marietta and its subsidiary Martin Marietta Funding LLC signed an amendment on September 15, 2026, extending the maturity of their $500 million trade receivables securitization facility to September 15, 2027. The facility can be increased to up to $700 million if lenders provide the required commitments, and borrowings now bear interest at Adjusted Term SOFR plus 0.700%.
- Maturity extended to September 15, 2027 under the Eighteenth Amendment with Truist Bank as administrative agent
- Facility size is $500 million, with a possible increase to up to $700 million subject to conditions
- Borrowings bear interest at Adjusted Term SOFR plus 0.700%, subject to change if SOFR benchmarks cannot be determined or no longer reflect lenders' cost of lending
Read the filing on SEC.gov ↗
Aug 24, 7:33 AM ET
Martin Marietta completed its combination with Lhoist North America (LNA) on August 21, 2026, and issued Consideration Shares to LNA Holding as part of the deal. Under a new shareholders agreement, LNA Holding gets the right to designate one director, the board expands from ten to eleven seats, and Philipp Niemann was appointed to the new seat. The company says it will provide updated full-year 2026 revenue and Adjusted EBITDA guidance with its third-quarter results.
- Combination with Lhoist North America completed on August 21, 2026; announced in a press release dated August 24, 2026
- LNA Holding's stake is subject to lock-up: 50% released at the 12-month anniversary of closing and 50% at the 24-month anniversary
- Philipp Niemann, CEO of Lhoist S.A., appointed to the board effective August 21, 2026 and will serve on the Finance Committee
- Standstill restricts FGI and LNA Holding from acquiring shares above 12,783,660 shares (18% of common stock as of closing)
Read the filing on SEC.gov ↗
Aug 18, 5:00 PM ET
Martin Marietta entered into a $1.5 billion five-year senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, replacing its existing credit agreement dated December 21, 2021. The filing states that no borrowings were outstanding under the existing facility before the new agreement, and the new facility expires August 18, 2031. The filing also sets a leverage ratio covenant that steps up to 4.75 to 1.00 after the closing of the previously announced Lhoist North America acquisition, which gives the company more room under the covenant during that period.
- $1.5 billion senior unsecured revolving facility, dated August 18, 2026, with JPMorgan Chase Bank, N.A. as administrative agent
- Replaces the Existing Credit Agreement dated December 21, 2021; no borrowings were outstanding under it before the new facility
- Facility expires August 18, 2031; interest is based on Term SOFR or a base rate plus a ratings-based margin
- Maximum leverage ratio of 3.75 to 1.00, rising to 4.75 to 1.00 for the first three fiscal quarters after the Lhoist North America acquisition closes
Read the filing on SEC.gov ↗
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