Earnings release
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MARTIN MARIETTA REPORTS FIRST - QUARTER 2021 RESULTS Record First - Quarter Consolidated Revenues , Gross Profit and Earnings per Diluted Share Upstream Aggregates and Cement Businesses Delivered Pricing Gains Aggregates Unit Profitability Improved 34 Percent Strengthening Product Demand Seen Across the Enterprise Disciplined Execution of SOAR 2025 Underway with the Acquisition of Tiller Corporation RALEIGH , N.C. ( May 4 , 2021 ) - Martin Marietta Materials , Inc. ( NYSE : MLM ) ( " Martin Marietta " or the " Company " ) , a leading national supplier of aggregates and heavy building materials , today reported results for the first quarter ended March 31 , 2021 . First - Quarter Highlights ( $ in millions , except per share ) Products and services revenues Building Materials business Magnesia Specialties 2 A The Company also announced that it acquired Minnesota - based Tiller Corporation ( " Tiller " ) on April 30 , 2021. The Tiller business will be integrated into the Company's Central Division , complementing Martin Marietta's product offerings , broadening its geographic reach and creating a leading aggregates position in the Minneapolis / St . Paul region . 1 Total revenues Gross profit Earnings from operations Net earnings attributable to Martin Marietta Adjusted EBITDA ³ Earnings per diluted share $ $ $ - MORE - Martin Marietta $ $ $ $ $ 2021 Quarter Ended March 31 , 2020 921.9 $ 856.6 $ 65.3 $ 982.4 $ 174.7 $ 99.3 65.3 204.4 1.04 $ $ 891.0 831.1 59.9 958.2 142.4 57.8 25.9 149.0 0.41 ¹ Products and services revenues include the sales of aggregates , cement , ready mixed concrete , asphalt and Magnesia Specialties products , and paving services to customers , and exclude related freight revenues . 2 Total revenues include the sales of products and services to customers ( net of any discounts or allowances ) and freight revenues . 3 Earnings before interest ; income taxes ; depreciation , depletion and amortization ; and the earnings / loss from nonconsolidated equity affiliates , or Adjusted EBITDA , is a non - GAAP financial measure . See Appendix to this earnings release for a reconciliation to net earnings attributable to Martin Marietta .