Martin Marietta generates record sales and profit in magnesia arm for Q1 2015

By Liz Gyekye
Published: Thursday, 30 April 2015

The US magnesia producer has reported its first quarter profit for the first time since 2008, helped by record sales and “significant contributions” from its magnesia specialities business.

Martin Marietta has recorded net sales of $58.8m for its speciality products segment, which encompasses its magnesia and lime business, up 2.4% from the same quarter a year ago.

First-quarter earnings from its magnesia operations were $17.8m compared with $16.3m the prior-year quarter. Net earnings for the whole...

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