Skip to main content

Martin Marietta Plans Buyback

The company sees strong cash flow.

Martin Marietta Materials


plans the repurchase of 5 million shares.

This, combined with the 1.1 million shares remaining under a prior authorization, represents about 13% of common shares outstanding at Dec. 31, the company said in press release.

Scroll to Continue

TheStreet Recommends

"We expect strong cash generation in 2006," the company said. "This authorization is an important step in continuing the execution of our strategy related to the deployment of excess cash, including maximizing total shareholder value."

Martin Marietta is the nation's 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.

On Wednesday, Martin Marietta rose $2.67 to $96.92.

This story was created through a joint venture between and IRIS.