Martin Marietta Materials (MLM) completed its merger with Lhoist North America on August 21, becoming the leading producer of limestone products in the United States.
Martin Marietta Materials (MLM) completed its merger with Lhoist North America on August 21, a transaction that added over 2 billion tons of high-quality limestone reserves and made it the leading producer of limestone products in the U.S. The company anticipates needing 24 months post-merger to restore its balance sheet to its target investment-grade range. Management has raised its full-year revenue guidance to $7.2 billion-$7.4 billion, but this guidance does not yet include the contribution from the Lhoist North America transaction; investors should await the Q3 earnings update for further details.
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