The acquisition of Blue Water Industries LLC (BWI Southeast) on April 5, 2024, added 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia. This acquisition complements Martin Marietta's existing geographic footprint in the southeast region.

The sale of the South Texas cement business to CRH Americas Materials, Inc. on February 9, 2024, resulted in a pretax gain of $1.3 billion. This divestiture provided proceeds the Company used to consummate the BWI Southeast acquisition.

On October 25, 2024, the Company completed an aggregates bolt-on acquisition in South Florida. This acquisition is expected to further strengthen the Company's position in the region.

On July 2, 2024, the Company used available liquidity to repay the $400 million of 4.250% Senior Notes at maturity, demonstrating effective management of debt obligations.

During the first nine months of 2024, the Company repurchased 785,758 shares of common stock at an average price of $572.70 and an aggregate cost of $450 million. At September 30, 2024, 11.9 million shares of common stock remain under the Company's repurchase authorization.

The Company was in compliance with the ratio of consolidated net debt-to-consolidated EBITDA at September 30, 2024, as required by the Revolving Facility, indicating sound financial management.

The Building Materials business is significantly affected by weather patterns, seasonal changes and other climate-related conditions. Excessive rainfall, drought, wildfire and extreme hot and cold temperatures can jeopardize production, shipments and profitability in all markets served by the Company.

The Company's operations are highly dependent upon the interest rate-sensitive construction and steelmaking industries. Consequently, these marketplaces could experience lower levels of economic activity in an environment of rising interest rates or escalating costs.

Increasing governmental regulation, including environmental laws and climate change regulations at the federal and state levels, could impact the Company's operations and costs.

The acquisition of Blue Water Industries LLC (BWI Southeast) complements Martin Marietta's existing geographic footprint in the southeast region by expanding into new growth platforms in target markets including Tennessee and South Florida.

The divestiture of the South Texas cement business allows the company to focus on its core aggregates business and other strategic growth opportunities.

The company acknowledges the history of both cement and ready mixed concrete being subject to significant changes in supply, demand and price fluctuations, potentially impacting its competitive position.

Consolidated SG&A for the third quarter of 2024 was 5.6% of revenues compared with 5.4% in the prior-year quarter, indicating a potential decrease in operational efficiency.

Organic energy expense for the nine months ended September 30, 2024 decreased 15% compared with the prior-year period, reflecting a $0.33-per-gallon decrease in organic diesel costs and a 36% decrease in organic natural gas costs.

The noncash asset and portfolio rationalization charge for the nine months ended September 30, 2024 relates to the Company's decision to discontinue usage of certain long-haul distribution facilities to transport aggregates products into Colorado as the AFS acquisition completed in January 2024 provides more economical, local aggregates supply.

The 10-Q filing does not contain specific information regarding R&D investments, technological capabilities, digital transformation efforts, or intellectual property positions.

Capital was allocated towards the acquisition of Blue Water Industries LLC and an aggregates bolt-on acquisition in South Florida. Proceeds from the divestiture of the South Texas cement business were used to fund these acquisitions.

Capital was used to repay $400 million of senior notes and repurchase shares of common stock, indicating a balanced approach to capital allocation.

The company paid $622 million for additions to property, plant and equipment, including the purchase of land and aggregates reserves, reflecting a focus on maintaining and expanding its physical assets.

The 10-Q filing does not contain specific information regarding environmental commitments, social responsibility initiatives, or governance practices.

The Building Materials business is significantly affected by weather patterns, seasonal changes and other climate-related conditions. Excessive rainfall, drought, wildfire and extreme hot and cold temperatures can jeopardize production, shipments and profitability in all markets served by the Company.

The Company's operations are highly dependent upon the interest rate-sensitive construction and steelmaking industries. Consequently, these marketplaces could experience lower levels of economic activity in an environment of rising interest rates or escalating costs.

The impact of the U.S. elections on the amount available under and timing of federal and state infrastructure spending is a factor that could cause actual results to differ materially.