MLM · 10-Q · 2026Q3 · Full report
Capital Allocation
MARTIN MARIETTA MATERIALS INC · 2026-11-04 · Importance 40 · Surprise 30 · From source text
Martin Marietta repurchased 325,455 shares during the first nine months of 2026 at an average price of $614.52, for an aggregate cost of $200 million. At September 30, 2026, 10.7 million shares remained available under the Board-authorized repurchase program. The Company spent $445 million on property, plant and equipment additions during the nine-month period, down from $602 million in 2025. The $12.9 billion LNA acquisition was funded with $7.0 billion in cash and $5.9 billion in newly issued common stock.
Key facts
- Martin Marietta paid $445 million for property, plant and equipment additions in the first nine months of 2026, compared with $602 million in the comparable 2025 period. source
- Martin Marietta repurchased 325,455 common shares at an average $614.52 per share for an aggregate $200 million in the first nine months of 2026; 10.7 million shares remained available under its authorization at September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -0.5% | Martin Marietta repurchased 325,455 common shares at an average $614.52 per share for an aggregate $200 million in the first nine months… |
| cash | positive | realized | +0.4% | Martin Marietta paid $445 million for property, plant and equipment additions in the first nine months of 2026, compared with $602 million… |
| cash | negative | committed | — | Martin Marietta repurchased 325,455 common shares at an average $614.52 per share for an aggregate $200 million in the first nine months… |