Heavy rainfall in the Southeast dampened what Martin Marietta Materials CEO Ward Nye still called a record quarter at the Raleigh-based aggregates maker.
Following Tuesday’s earnings, Martin Marietta (NYSE: MLM) shares dipped nearly 6.4 percent to $211.97.
Nye tells analysts near-record rainfall in the Southeast – historically among its most profitable geographies – could continue to impact the numbers.
“If we have normal weather, we might have trouble meeting some of the volume expectations…