Martin Marietta Materials Inc.

07/16/2024 | Press release | Archived content

Martin Marietta celebrates 30 years as a publicly traded company

Martin Marietta celebrates 30 years as a publicly traded company

In-person and virtual event seen by thousands

Jul 16, 2024
Chairman and CEO Ward Nye (right)
fields questions about the past, present and
future of the company along with division
presidents, from left to right, Ron Kopplin,
Bill Podrazik, Chris Samborski, Kirk Light
and Abbott Lawrence.

Martin Marietta celebrated its 30th year as a public company in July with a town hall event that was livestreamed to every ONE team member.

The event, which reflected three decades of hard work and tremendous achievement, highlighted many interesting business and cultural events that have made Martin Marietta the world-class organization it is today.

When it opened on the trading floor in 1994, Martin Marietta was a regional company with a stock price of just $17 a share (the equivalent of about $36 in 2024). After decades of growth, the company now has more than 500 operations providing high-quality building materials to communities across the United States, Canada, and The Bahamas and supplies the foundational materials on which these areas thrive and grow. On the day of the anniversary celebration, the company's stock closed at $577 a share.

"We're truly making the world and our communities better each and every day and making them safer," said Chairman and CEO Ward Nye, who led the event.

Throughout the presentation, Nye discussed several important moments in the company's history and key developments in its culture that continue to push the business to the forefront of the industry.

"We've had a rich history, one that we can and should be very, very proud of," he said. "But what we can be even more excited about is what our future looks like."

One particularly special moment during Nye's presentation came when he invited the company's five division presidents to join him onstage to help answer questions submitted by employees across the organization. Each president - Ron Kopplin of the East Division, Abbott Lawrence of the West Division, Kirk Light of the Southwest Division, Bill Podrazik of the Central Division, and Chris Samborski of Magnesia Specialties - took time to recognize facets of his division while sharing the values that make the company ONE.

After a round of questions and answers, Nye concluded the event by noting that Martin Marietta's core is the thousands of dedicated team members who make the company extraordinary every single day.

"There's not another player in our space - period, full stop - that can compete with the talent that we have," he said. "That is where we are today. But, we have an imperative to make sure that we can continue to say that well into the future."

The event was livestreamed from the Raleigh Convention Center in North Carolina to every Martin Marietta location. All teams were encouraged to join in on the festivities while watching with their coworkers.