马丁-玛丽埃塔材料 2024年度报告

Ames MineAmes, IowaDiamond Elite Winner Martin Marietta, a member of the S&P 500 Index, is an American-basedcompany and a leading supplier of building materials, including aggregates,cement, ready mixed concrete and asphalt. Through a network of operationsspanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teamssupply the resources necessary for building the solid foundations on which ourcommunities thrive. Martin Marietta’s Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used domestically andworldwide in environmental, industrial, agricultural and specialty applications. Mission. Vision. Values. Letter to Shareholders.....................................................................................................2 -8Financial Highlights......................................................................................................... .... 9Statement of Responsibility and Management’s Report on Internal ControlOver Financial Reporting................................................................................................1 0Report of Independent Registered Public Accounting Firm—PricewaterhouseCoopers LLP ...................................................................................11-12Consolidated Statements of Earnings...............................................................................13Consolidated Statements of Comprehensive Earnings.....................................................14Consolidated Balance Sheets............................................................................................15Consolidated Statements of Cash Flows...........................................................................16Consolidated Statements of Total Equity .........................................................................17Notes to Financial Statements.....................................................................................18-49Management’s Discussion and Analysis of Financial Conditionand Results of Operations.........................................................................................50-78Common Stock Performance Graph .................................................................................79Additional Non-GAAP Reconciliations ..............................................................................80Company Directory......................................................................................................81-85General Information ......................................................................................................... 86 LETTER TO SHAREHOLDERS DĂƌƟŶDĂƌŝĞƩĂŽŶƟŶƵĞƐƚŽ>ĞĂĚƚŚĞŐŐƌĞŐĂƚĞƐ/ŶĚƵƐƚƌLJǁŝƚŚŶŚĂŶĐĞĚWŽƌƞŽůŝŽĂŶĚhŶǁĂǀĞƌŝŶŐŽŵŵŝƚŵĞŶƚƚŽ^ĂĨĞƚLJĂŶĚdžĐĞůůĞŶĐĞ ϮϬϮϰDĂƌŬĞĚƚŚĞDŽƐƚĐƟǀĞzĞĂƌĨŽƌDΘŝŶŽŵƉĂŶLJ,ŝƐƚŽƌLJ͖DĂƌƟŶDĂƌŝĞƩĂŽŶƟŶƵĞƐŝƚƐŝƐĐŝƉůŝŶĞĚWƵƌƐƵŝƚŽĨĐĐƌĞƟǀĞ'ƌŽǁƚŚŝŶƩƌĂĐƟǀĞDĂƌŬĞƚƐƚŽ&ƵƌƚŚĞƌƌŝǀĞƵƌĂďŝůŝƚLJĂŶĚsĂůƵĞƌĞĂƟŽŶ Dear Fellow Shareholders, In 2024, we successfully navigated several challenging product-demanddynamics – including persistent inclement weather and a modest private-ĐŽŶƐƚƌƵĐƟŽŶƐůŽǁĚŽǁŶʹďLJĂĐŚŝĞǀŝŶŐƌĞĐŽƌĚĐŽŵƉĂŶLJǁŝĚĞƐĂĨĞƚLJƉĞƌĨŽƌŵĂŶĐĞĂŶĚƌĞĐŽƌĚƉƌŽĮƚĂďŝůŝƚLJĨŽƌƚŽƚĂůĂŐŐƌĞŐĂƚĞƐŽƉĞƌĂƟŽŶƐ͘DŽƌĞŽǀĞƌ͕ŽƵƌĂŐŐƌĞŐĂƚĞƐďƵƐŝŶĞƐƐŐƌĞǁƵŶŝƚƉƌŽĮƚĂďŝůŝƚLJďLJϭϯй ŽŶĂŶŽƌŐĂŶŝĐďĂƐŝƐ͘tĞĂůƐŽƌĞƐŚĂƉĞĚŽƵƌďƵƐŝŶĞƐƐƚŚƌŽƵŐŚĂƐĞƌŝĞ ƐŽĨƉŽƌƞŽůŝŽͲŽƉƟŵŝnjŝŶŐƚƌĂŶƐĂĐƟŽŶƐƚŚĂƚƉƵƌƉŽƐĞĨƵůůLJŝŶĐƌĞĂƐĞĚĞdžƉŽƐƵƌĞƚŽŽƵƌĂŐŐƌĞŐĂƚĞƐƉƌŽĚƵĐƚůŝŶĞŝŶƚĂƌŐĞƚŵĂƌŬĞƚƐ͘dŚĞƐĞĂĐĐŽŵƉůŝƐ ŚŵĞŶƚƐ͕ƚĂŬĞŶƚŽŐĞƚŚĞƌǁŝƚŚŽƵƌĨŽƵƌƚŚͲƋƵĂƌƚĞƌƌĞƐƵůƚƐ͕ƉƌŽǀŝĚĞƚŚĞĨŽƵ ŶĚĂƟŽŶĨŽƌƉƌŽĮƚĂďůĞŐƌŽǁƚŚŝŶϮϬϮϱĂŶĚďĞLJŽŶĚ͘ ͘,ŽǁĂƌĚELJĞ ŚĂŝƌ͕WƌĞƐŝĚĞŶƚĂŶĚŚŝĞĨdžĞĐƵƟǀĞKĸĐĞƌ tĞĂƌĞƉƌŽƵĚƚŽŚĂǀĞĂĐŚŝĞǀĞĚŽƵƌĞŝŐŚƚŚĐŽŶƐĞĐƵƟǀĞLJĞĂƌŽĨǁŽƌůĚͲĐůĂƐƐůŽƐƚͲƟŵĞŝŶĐŝĚĞŶƚƌĂƚĞ;>d/ZͿƉĞƌĨŽƌŵĂŶĐĞĂŶĚƐŽůŝĚĮŶĂŶĐŝĂůƌĞƐƵůƚƐĚĞƐƉŝƚĞĞdžƚƌĞŵĞǁĞĂƚŚĞƌŚĞĂĚǁŝŶĚƐ͘KƵƌĂĐĐŽŵƉůŝƐŚŵĞŶƚƐƐƉĞĂŬƚŽƚŚĞƌĞƐ ŝůŝĞŶĐLJŽĨŽƵƌďƵƐŝŶĞƐƐ͕ƚŚĞƚĂůĞŶƚĂŶĚĚĞĚŝĐĂƟŽŶŽĨŽƵƌƉĞŽƉůĞĂŶĚƚŚĞŵĂƌŬĞƚƐŝŶǁŚŝĐŚǁĞŚĂǀĞĐĂƌĞĨƵůůLJĐŚŽƐĞŶƚŽŽƉĞƌĂƚĞ͘/ŵƉŽƌƚĂŶƚůLJ͕DĂƌƟŶDĂƌŝĞƩĂ͛ƐƐƚƌŽŶŐĮŶĂŶĐŝĂůĂŶĚŽƉĞƌĂƟŽŶĂůƌĞƐƵůƚƐƌĞŝŶĨŽƌĐĞŽƵƌĞdžƉĞĐƚĂƟŽŶƚŚĂƚŽƵƌĂŐŐƌĞŐĂƚĞƐƉƌŝĐĞͬĐŽƐƚƐƉƌĞĂĚǁŝůůĐŽŶƟŶƵĞƚŽĞdžƉĂŶĚŽǀĞƌƟŵĞ͕ĚƌŝǀŝŶŐŝŵƉƌŽǀĞŵĞŶƚŝŶƵŶŝƚƉƌŽĮƚĂďŝůŝƚLJƚŚƌŽƵŐŚŵĂĐƌŽĞĐŽŶŽŵŝĐĐLJĐůĞƐ͘ KƵƌĐůĞĂƌůLJͲĚĞĮŶĞĚĂŶĚĞdžĞĐƵƚĂďůĞƐƚƌĂƚĞŐŝĐƉůĂŶƉŽƐŝƟŽŶƐŽƵƌŽŵƉĂŶLJĨŽƌŶĞĂƌͲĂŶĚůŽŶŐͲƚĞƌŵƐƵĐĐĞƐƐǁŝƚŚĂŵƉůĞŽƉƉŽƌƚƵŶŝƚLJƚŽŐƌŽǁ͘dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚŚŝŐŚůŝŐŚƚƐũƵƐƚĂĨĞǁŽĨŽƵƌϮϬϮϰĂĐĐŽŵƉůŝƐŚŵĞŶƚƐ͘ ϮϬϮϰ^ĂĨĞƚLJΘ&ŝŶĂŶĐŝĂů,ŝŐŚůŝŐŚƚƐĨƌŽŵŽŶƟŶƵŝŶŐKƉĞƌĂƟŽŶƐ 9ĐŚŝĞǀĞĚǁŽƌůĚͲĐůĂƐƐƚŽƚĂůŝŶũƵƌLJŝŶĐŝĚĞŶƚƌĂƚĞ;d//ZͿĨŽƌƚŚĞϰƚŚĐŽŶƐĞĐƵƟǀĞLJĞĂƌ9DĂŐŶĞƐŝĂ^ƉĞĐŝĂůƟĞƐ͕^ŽƵƚŚǁĞƐƚĂŶĚĂƐƚŝǀŝƐŝŽŶƐŽƵƚƉĞƌĨŽƌŵĞĚ ǁŽƌůĚͲĐůĂƐƐd//ZǁŝƚŚŵĞƚƌŝĐƐŽĨϬ͘ϬϬ͕Ϭ͘ϰϳĂŶĚϬ͘ϱϯ͕ƌĞƐƉĞĐƟǀĞůLJ9ϵϵ͘ϵйŽĨĞŵƉůŽLJĞĞƐĞdžƉĞƌŝĞŶĐĞĚnjĞƌŽůŽƐƚͲƟŵĞŝŶĐŝĚĞŶƚƐ9džƉĂŶĚĞĚĐŽŶƐŽůŝĚĂƚĞĚĚũƵƐƚĞĚ/dŵĂƌŐŝŶďLJϮϬďĂƐŝƐƉŽŝŶƚƐ9ĐŚŝĞǀĞĚĂŐŐƌĞŐĂƚĞƐŐƌŽƐƐƉƌŽĮƚƉĞƌƚŽŶŝŵƉƌŽǀĞŵĞŶƚŽĨϵй͕ĚĞƐƉ ŝƚĞůŽǁĞƌƐŚ