Martin Marietta Materials, Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported) |
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October 4, 2005
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Martin Marietta Materials, Inc.
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
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1-12744
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56-1848578 |
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(Commission File Number)
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(IRS Employer Identification No.) |
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2710 Wycliff Road, Raleigh, North Carolina
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27607 |
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(Address of Principal Executive Offices)
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(Zip Code) |
(Registrants Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition.
On October 4, 2005, the Corporation announced an increased quarterly earnings range for the third
quarter ended September 30, 2005 and for the year ending December 31, 2005. The press release,
dated October 4, 2005, is furnished as Exhibit 99.1 to this report and is incorporated by reference
herein.
Item 7.01 Regulation FD Disclosure.
On October 4, 2005, the Corporation announced an increased quarterly earnings range for the third
quarter ended September 30, 2005 and for the year ending December 31, 2005. The press release,
dated October 4, 2005, is furnished as Exhibit 99.1 to this report and is incorporated by reference
herein.
The Corporation will host an online Web simulcast of its third-quarter 2005 earnings conference
call on Tuesday, November 1, 2005. The live broadcast of the Corporations conference call will
begin at 2 p.m., Eastern Time, on November 1, 2005. An online replay will be available
approximately two hours following the conclusion of the live broadcast. A link to these events
will be available at the Corporations Web site at www.martinmarietta.com. For those
investors without online web access, the conference call may also be accessed by calling
913-981-5520, confirmation number 4709633.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
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99.1 |
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Press Release dated October 4, 2005, announcing an increased quarterly earnings range for the
third quarter ended September 30, 2005 and for the year ending December 31, 2005. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MARTIN MARIETTA MATERIALS, INC.
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(Registrant) |
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Date: October 4, 2005 |
By: |
/s/ Anne H. Lloyd
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Anne H. Lloyd, |
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Vice President and Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated October 4, 2005, announcing an increased quarterly earnings range for the
third quarter ended September 30, 2005 and for the year ending December 31, 2005. |
Ex-99.1
EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
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Contact:
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Anne H. Lloyd |
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Vice President, Chief Financial |
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Officer and Chief Accounting Officer |
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(919) 783-4660 |
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www.martinmarietta.com |
MARTIN MARIETTA MATERIALS, INC.
INCREASES THIRD-QUARTER AND ANNUAL EARNINGS RANGE
TO BROADCAST THIRD-QUARTER CONFERENCE CALL
LIVE ON THE INTERNET
RALEIGH, North Carolina (October 4, 2005) Martin Marietta Materials, Inc. (NYSE:MLM), today
announced that it expects third quarter earnings to be in a range from $1.61 to $1.66 per diluted
share, including a one-time benefit of an estimated $0.17 per share from a decrease in estimated
tax liabilities. Earnings in the prior-year period were $1.11 per share. The expected results are
higher than the previously announced third quarter earnings per share range. The earnings increase
is primarily attributable to continued strong aggregates pricing, solid volume and good cost
management, in spite of an environment of escalating fuel-related costs and the negative impact of
Hurricanes Katrina and Rita on the Corporations operations. A nonrecurring write down of $1.5
million of composites-related inventory is also included in the earnings range.
We expect net earnings per share for 2005 to range from $3.80 to $3.95 per share inclusive of the
aforementioned one-time tax benefit. As is customary with the seasonality of the Corporations
business, the fourth quarter is subject to weather-related risk from both the continuation of
record 2005 hurricane activity and the affects of winter on the Corporations operations. Other
factors that will affect fourth quarter performance include the volatility of energy prices,
control of the rising costs of supply parts and wages and benefits and residential construction
strength.
The Corporation will provide an online Web simulcast of its third-quarter 2005 earnings conference
call on Tuesday, November 1, 2005. The Company will release results for the quarter and
nine-months ended September 30, 2005, that morning before the market opens.
The live broadcast of Martin Marietta Materials conference call will begin at 2 p.m. Eastern Time
on November 1, 2005. An online replay will be available approximately two hours following the
conclusion of the live broadcast and will continue for one year.
-MORE-
MLM Increases Third-Quarter and Annual Earnings Range
Page 2
October 4, 2005
For those investors without online web access, the conference call may also be accessed by calling
913-981-5520, confirmation number 4709633.
Martin Marietta is the nations second largest producer of construction aggregates, a leading
producer of magnesia-based chemical products and is developing structural composites products for
use in a wide variety of industries.
Investors are cautioned that all statements in this press release that relate to the future
involve risks and uncertainties, and are based on assumptions that the Corporation believes in good
faith are reasonable but which may be materially different from actual results. Factors that the
Corporation currently believes could cause actual results to differ materially from the
forward-looking statements in this press release include, but are not limited to finalization of
the quarterly financial results, review of the financial results by management and the Audit
Committee of the Board of Directors; and other risk factors listed from time to time found in the
Corporations filings with the Securities and Exchange Commission. The Corporation assumes no
obligation to update any such forward-looking statements.
-END-