Martin Marietta Completes Transformational Asset Exchange with QUIKRETE Holdings

Major Aggregates Acquisition and Strategic Portfolio Shift Announced

Raleigh, N.C. (February 23, 2026) – Martin Marietta Materials, Inc. (NYSE: MLM) has announced the successful completion of a major asset exchange with QUIKRETE Holdings, Inc., a transaction poised to shape the company’s growth trajectory and earnings durability for years to come.

Key Points of the Asset Exchange

• Martin Marietta’s Acquisition: The company acquired aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas, and Vancouver, British Columbia. In addition to these high-value assets, Martin Marietta also received \$450 million in cash.
• QUIKRETE’s Acquisition: In exchange, QUIKRETE acquired Martin Marietta’s Midlothian cement plant, related cement terminals, Texas ready-mixed concrete assets, and certain non-operating land.

Strategic Rationale and Expected Impact

Ward Nye, Chair, President, and CEO of Martin Marietta, described the transaction as a “portfolio-enhancing” move that sets new growth platforms in key SOAR-targeted markets and further strengthens the company’s Central Division footprint. Importantly, this deal is the largest aggregates acquisition in Martin Marietta’s history and is a tax-efficient swap of cyclical cement and ready-mixed concrete assets for more stable, high-margin aggregates operations.

According to management, this exchange will enhance the durability of earnings while maintaining a strong balance sheet, positioning Martin Marietta to continue disciplined strategic execution and create compelling shareholder value. This transaction is considered the capstone of the company’s SOAR 2025 plan and accelerates its aggregates-led product strategy, marking a pivotal phase in portfolio transformation as it moves toward the SOAR 2030 vision.

Updated 2026 Financial Guidance

Following this transformative transaction, Martin Marietta has provided updated financial guidance for 2026, reflecting contributions from the newly acquired QUIKRETE assets and the Minnesota aggregates and FOB asphalt assets acquired from CRH in December 2025:

• Revenues (Midpoint): \$7,160 million
• Adjusted EBITDA from continuing operations (Midpoint): \$2,430 million
• Capital Expenditures: \$575 million

Aggregates Segment Outlook:

• Volume % Growth: 12.0% (compared to 2025 shipments of 198.5 million tons)
• Organic Volume % Growth: 2.0%
• Average Selling Price (ASP) % Growth: 2.5% (from a 2025 ASP base of \$23.30/ton)
• Organic ASP % Growth: 5.0%

The company notes that a reconciliation for 2026 Adjusted EBITDA from continuing operations is not available without unreasonable effort, due to the complexity of forecasting purchase accounting adjustments and acquisition/divestiture/integration-related expenses.

About Martin Marietta

Martin Marietta is a leading supplier of aggregates and building materials, with operations across 28 states, Canada, and The Bahamas. Its Specialties business provides high-purity magnesia and dolomitic lime products for diverse applications worldwide.

Important Information and Potential Share Price Impact

• This transaction represents a significant strategic shift—divesting cyclical assets and strengthening the company’s core aggregates portfolio. The move is likely to enhance earnings stability and growth prospects, which could positively impact share valuation.
• The \$450 million cash infusion and increased aggregates capacity improve the company’s financial flexibility and potential for future M&A activity.
• Management’s strong forward guidance and a clear transition to the next phase of its SOAR strategy provide visibility and confidence for investors.
• The transaction may introduce integration and execution risks, as highlighted by the company’s forward-looking statements and cautionary notes regarding potential uncertainties and risks described in its SEC filings.

Investor Contact

Jacklyn Rooker
Vice President, Investor Relations
+1 (919) 510-4736
[email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Investors should review Martin Marietta’s latest SEC filings and consult their financial advisor before making investment decisions.

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