Martin Marietta completes asset exchange with Quikrete; gets aggregates ops, $450M cash

MARTIN MARIETTA MATERIALS INC

Acquired aggregates operations producing ~20M tons/year in VA, MO, KS, and Vancouver, BC plus $450M cash.
Quikrete acquired Midlothian cement plant and Texas ready-mix assets; tax-efficient exchange.
Updated 2026 guidance: revenues $7.16B, adjusted EBITDA $2.43B, capex $575M.
Aggregates volume growth 12% (2% organic); ASP growth 2.5% (organic 5%).
CEO calls it largest aggregates acquisition in company history and capstone to SOAR 2025 plan.

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