Michael J. Petro
On August 4, 2026, Martin Marietta Materials, Inc. (the “Company”) announced that the Company has promoted Michael J. Petro to Executive Vice President, Chief Financial Officer.
Highest-materiality recent filing
Martin Marietta closes $13.5B Lhoist North America acquisition; adds director
Completed LNA acquisition Aug 21, 2026 for ~$7B cash plus 10,953,543 shares valued at $6.5B (total ~$13.5B).
Martin Marietta enters $1.5B five-year revolving credit facility, replacing 2021 agreement
New $1.5B senior unsecured revolving facility dated Aug 18, 2026, expires Aug 18, 2031.
Martin Marietta issues $5.5B in senior notes to fund Lhoist North America acquisition
Issued $750M 4.850% notes due 2029, $1.25B 5.200% due 2032, $1B 5.400% due 2034, $1.5B 5.625% due 2036, $1B 6.375% due 2056.
Martin Marietta prices $5.5B multi-tranche senior notes to fund Lhoist acquisition
$5.5B aggregate principal across five tranches: $750M 4.850% 2029, $1.25B 5.200% 2032, $1.0B 5.400% 2034, $1.5B 5.625% 2036, $1.0B 6.375% 2056.
Martin Marietta clears regulatory hurdles for Lhoist North America buy; close expected Q3 2026
All necessary regulatory approvals for LNA acquisition received Aug 5, 2026; deal expected to close Q3 2026.
Received all necessary regulatory approvals for $13.5B acquisition of Lhoist North America (LNA).
Martin Marietta promotes Michael J. Petro to EVP, CFO with $750K base salary
Michael J. Petro promoted to Executive Vice President, Chief Financial Officer effective August 4, 2026.
Martin Marietta Q2 revenue up 21% to record $1.947B; raises FY revenue guidance
Revenues $1.947B (+21% YoY); net earnings $256M ($4.26 diluted EPS) vs $292M ($4.84) last year.
Martin Marietta enters $1.5B term loan to fund Lhoist North America acquisition
$1.5B three-year senior unsecured term loan facility entered on July 15, 2026.
Martin Marietta to acquire Lhoist North America for $13.5B in cash and stock
Total consideration $13.5B: $7B cash + $6.5B in new MLM shares (10,953,543 shares at 15-day VWAP).
Martin Marietta to acquire Lhoist North America for $13.5B in cash and stock
Enterprise value $13.5B: $7B cash + $6.5B stock; expected close H2 2026 subject to regulatory approvals.
Martin Marietta shareholders elect directors, approve stock-based award plan at annual meeting
91% quorum (54.9M of 60.3M shares) at May 14, 2026 annual meeting.
Martin Marietta Q1 revenues +17% to $1.36B; adj EPS +14%; reaffirms FY guidance
Revenues $1.36B (+17% YoY); GAAP EPS $1.31 (-23%), adjusted EPS $1.93 (+14%).
Martin Marietta appoints Christopher Samborski as EVP & COO effective May 1, 2026
Samborski previously President of West & Specialties; Kirk Light assumes those divisions.
Martin Marietta completes asset exchange with Quikrete; gets aggregates ops, $450M cash
Acquired aggregates operations producing ~20M tons/year in VA, MO, KS, and Vancouver, BC plus $450M cash.
Martin Marietta receives MSHA 107(a) order at Kokomo Quarry for fall-protection violation
Order issued Feb 11, 2026, at Kokomo Quarry (Indiana) for miner not anchored while on elevated crusher platform.
Martin Marietta Q4 aggregates records; FY GAAP earnings down 45%, adj EBITDA up 17%; guides 2026
Q4 revenue $1.534B (+9% YoY); aggregates shipments up 2% to 48.9M tons, ASP +5.3% to $23.11.
Martin Marietta delays Quikrete asset exchange close to Q1 2026 from Q4 2025
Asset exchange with Quikrete Holdings, Inc., announced October 2, 2025, now expected to close in Q1 2026 (previously Q4 2025).
Martin Marietta extends $800M revolver maturity to Dec 21, 2030
Extended $800M unsecured revolver maturity from Dec 2029 to Dec 2030 via Loan Modification No. 4.
Martin Marietta Q3 revenue $1.85B (+12% YoY), EPS $5.97; raises FY25 guidance
Record quarterly aggregates revenues of $1.46B (+17% YoY); shipments up 8%, price up 8%.
Martin Marietta extends receivables facility maturity to Sep 2026, rate to SOFR+0.70%
Seventeenth Amendment to $400M trade receivables securitization facility executed Sept 16, 2025.
Martin Marietta unveils SOAR 2030 strategic plan at Capital Markets Day
Presented five-year Strategic Operating Analysis and Review plan (SOAR 2030) on Sept 3, 2025.
Martin Marietta swaps cement assets for Quikrete aggregates and $450M cash
Martin Marietta transfers its Midlothian cement plant and North Texas ready-mix concrete operations to Quikrete.
Martin Marietta Q2 EPS $5.43, revenue $1.81B; raises FY 2025 Adjusted EBITDA guidance
Record Q2 aggregates gross profit of $430M (+9% YoY) and gross margin 33% (+94 bps).
Martin Marietta swaps cement for Quikrete aggregates plus $450M; raises 2025 EBITDA guidance
Agreed to exchange Midlothian cement plant and N. Texas ready-mix assets for Quikrete aggregates (~20M tons/yr) and $450M cash; close expected Q1 2026.
Martin Marietta appoints Michael J. Petro as CFO, replacing interim CFO Cardin
Michael J. Petro named SVP and CFO effective July 8, 2025; previously led Strategy and Development.
Quorum of 92% (55.76M shares) represented at May 15, 2025 meeting.
Martin Marietta Q1 2025: record adj EBITDA $351M; aggregates gross profit per ton up 16%
Revenue $1.35B +8% YoY; gross profit $335M +23% YoY; Adj EBITDA $351M +21% YoY.
Martin Marietta pre-announces Q1 revenue $1.353B, net $116M; CFO resigns, interim named
Preliminary Q1 2025 revenue $1.353B, net earnings $116M, adjusted EBITDA $351M.
Q4 diluted EPS $4.79 (+3% YoY); revenue $1.632B (+1%); adjusted EBITDA $545M (+8%).
Martin Marietta extends $800M revolver maturity to Dec 2029
Extended maturity of $800M senior unsecured revolving credit facility from Dec 2028 to Dec 2029.
Martin Marietta EVP, GC & Corporate Secretary Bar to retire in H2 2025
Roselyn R. Bar, EVP, General Counsel and Corporate Secretary, announced retirement for second half of 2025.
Martin Marietta issues $1.5B in senior notes (5.150% due 2034, 5.500% due 2054)
Issued $750M of 5.150% Senior Notes due 2034 and $750M of 5.500% Senior Notes due 2054.
Martin Marietta prices $1.5B dual-tranche senior note offering at 5.150% and 5.500%
$750M 5.150% Senior Notes due 2034 at 99.266% of par; $750M 5.500% Senior Notes due 2054 at 98.006% of par.
Martin Marietta Q3 EPS $5.91, revenue $1.89B; FY Adjusted EBITDA guidance cut to $2.1B midpoint
Net earnings $363M ($5.91 diluted EPS) vs $430M ($6.94) YoY; Adjusted EBITDA $646M, down 8%.
Martin Marietta extends $400M receivables facility to Sept 2025, lowers pricing
Maturity extended from earlier date to September 17, 2025.
Martin Marietta receives MSHA 107(a) order at North Indianapolis Quarry for unsafe work practice
On Sept 12, 2024, MSHA issued a section 107(a) order after a miner stood on the motor of an elevated screen deck, exposing a fatal fall risk.
Martin Marietta Q2 net earnings down 16% to $294M; aggregates price up 12% but shipments down 3%
Q2 revenue $1.76B (-3% YoY), net earnings $294M (-16%), diluted EPS $4.76 (-15%).
Martin Marietta receives MSHA order at Walstrum Quarry for safety violation; corrective action taken
MSHA issued section 107(a) order at Walstrum Quarry in Idaho Springs, CO on July 8, 2024.
Martin Marietta shareholders elect directors, ratify auditor, approve say-on-pay at May 16 meeting
All 10 director nominees elected with majority votes, including Dorothy Ables and C. Howard Nye.
Martin Marietta receives MSHA 107(a) order at Red Canyon Quarry over fall-protection violation
On May 1, 2024, MSHA issued a 107(a) order at Martin Marietta's Red Canyon Quarry in Colorado Springs, CO.
Martin Marietta Q1 EPS $16.87 on $1.3B divestiture gain; adj. EBITDA -10% to $291M
Total revenues $1.251B, down 8% YoY; gross profit $272M, down 10%.
Full-year 2023 revenue $6.78B (+10% YoY); diluted EPS $19.32 vs $13.70 (+41%).
Martin Marietta extends $800M revolver maturity to Dec 2028
Maturity of $800M senior unsecured revolving credit facility extended from Dec 21, 2027 to Dec 21, 2028.
Martin Marietta sells South Texas cement & concrete ops to CRH for $2.1B cash
Purchase price of $2.1B in cash; includes Hunter cement plant and 20 concrete plants.
Martin Marietta reports record Q3 revenue $1.99B, EPS $6.94; raises EBITDA guidance
Record Q3 revenue $1,994M (+10% YoY); net earnings $430M ($6.94 diluted EPS) vs $291M ($4.67) prior year.
Martin Marietta modifies executive bonus program after lower say-on-pay support (74%)
Say-on-pay proposal received 74% support at May 2023 annual meeting, lower than prior years.
Martin Marietta extends $400M receivables facility to Sept 2024; lenders reshuffled
Fifteenth Amendment extends maturity of $400M trade receivables securitization to Sept 19, 2024.
Martin Marietta Q2 revenue record $1.82B; raises FY adjusted EBITDA guidance to $2.0-2.1B
Second-quarter total revenues $1.82B (+10.9% YoY); diluted EPS from continuing ops $5.60.
Order issued May 23, 2023, at Stamper Underground Mine in Kansas City, Missouri.
On August 4, 2026, Martin Marietta Materials, Inc. (the “Company”) announced that the Company has promoted Michael J. Petro to Executive Vice President, Chief Financial Officer.
On April 9, 2025, James A.J. Nickolas notified Martin Marietta of his decision to resign as Executive Vice President and Chief Financial Officer, effective April 11, 2025
On April 10, 2025, the Company appointed Robert J. Cardin, age 61, to serve as the Company’s Interim Chief Financial Officer, effective as of the Transition Date
On April 21, 2023, Martin Marietta Materials, Inc. (the “Company”) announced that John P. Mohr, Senior Vice President and Chief Information Officer will be retiring from the Company in the second half of 2023.
Mr. La Torre will be succeeded by Kelly Bennett, the Company’s current Vice President of Total Rewards and Head of Inclusion and Engagement Programs.
On December 12, 2022, Martin Marietta Materials, Inc. (the “Company”) announced that Craig La Torre, Senior Vice President and Chief Human Resource Officer will be retiring from the Company in the second half of 2023.
Max materiality 1.00 · Median 0.70 · Most common event earnings