Delivering Record Performance Through Operational Excellence
MACROECONOMIC DRIVERS SUPPORT
CONTINUED EXPANSION OF CONSTRUCTION CYCLE
TOP 10 STATES *
FLORIDA
MID-CYCLE AGGREGATES DEMAND
Martin
Marietta
POPULATION GROWTH
2017 - 2040
FISCAL HEALTH
35%
20% below
At mid-cycle
20% above
10% below
10% above
AAA
SOUTH CAROLINA
25%
AA+
20% below
At mid-cycle
20% above
10% below
10% above
INDIANA
20% below
At mid-cycle
20% above
7%
AAA
10% below
10% above
MARYLAND
20% below
17%
At mid-cycle
20% above
AAA
10% below
10% above
NEBRASKA
* Martin Marietta's top 10 sales-generating states
based on 2018 Building Materials product
revenues by state of destination
20% below
At mid-cycle
20% above
10% below
10% above
Management calculation based on aggregates
consumption per capita multiplied by estimated
state population
15%
AAA
Sources: U.S. Bureau, Population Division
(December 2017) and Weldon Cooper Center
for Public Service (May 2016)
U.S. State Ratings and Outlooks
August 13, 2018
Source: S&P Global
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