Martin Marietta Materials, Responds to Vulcan Materials Presentation

Martin Marietta Materials, Inc. MLM today issued the following statement in response to the new shareholder presentation released by Vulcan Materials Company VMC. Vulcan's shareholder presentation suffers from numerous inaccuracies and mischaracterizations, which we will address promptly. Most importantly, the basic theme – the past is prologue to the future – is fundamentally flawed. “Pointing to past cyclical recoveries in this industry, Vulcan's presentation touts its performance on historical recoveries but in footnotes Vulcan admits that ‘historical performance is not a guarantee or assurance of future performance nor that previous results will be attained or surpassed.' “This last statement recognizes the reality that today's Vulcan is not the same company that came through the past cyclical recoveries.