Martin Marietta announces $13.5B Lhoist acquisition, posts Q2 revenue +21% on QUIKRETE integration

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Announced $13.5B acquisition of Lhoist North America (lime/industrial minerals), funded with $7.0B cash and ~11M newly-issued shares (~15% dilution); transaction expected to close H2 2026 pending HSR approval, may require asset divestitures.

  Notes: LNA acquisition agreement verify on EDGAR →
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  Q2 2026 revenue $1.9B (+21.0% YoY) driven by QUIKRETE asset exchange (20M tons/year aggregates acquired) and NFM acquisition (8M tons/year); aggregates shipments +17% but ASP -2.0% on acquisition mix headwinds (organic ASP +2.1%).

  MD&A: Aggregates shipments & ASP verify on EDGAR →
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  Completed QUIKRETE asset exchange Feb 2026, acquiring 20M tons/year aggregates + $450M cash for Midlothian cement plant and Texas ready mix; generated $1.4B after-tax gain (discontinued ops), restructured segments (East Group now includes Southwest).

  Notes: QUIKRETE transaction verify on EDGAR →