Martin Marietta Materials, Inc. (MLM) CEO Ward Nye on Q2 2022 Results - Earnings Call Transcript

Martin Marietta Materials, Inc. (NYSE:MLM) Q2 2022 Results Conference Call July 28, 2022 11:00 AM ET

Company Participants

Jennifer Park - VP, IR

Ward Nye - Chairman, CEO

Jim Nickolas - SVP, CFO

Conference Call Participants

Brian Biros - Thompson Research Group

David MacGregor - Longbow Research

Jerry Revich - Goldman Sachs

Keith Hughes - Truist

Kevin Gainey - Thompson Davis

Michael Dudas - Vertical Research Partners

Phil Ng - Jefferies

Elliott Stanley - Stifel

Trey Grooms - Stephens

Operator

Good morning, and welcome to Martin Marietta's Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, today's call is being recorded and will be available for replay on the company's website.

I would now turn the call over to Jennifer Park, Martin Marietta's Vice President of Investor Relations. Jennifer, you may begin.

Jennifer Park

Good morning. It's my pleasure to welcome you to Martin Marietta's Second Quarter 2022 Earnings Call. Joining me today are Ward Nye, Chairman and Chief Executive Officer; and Jim Nickolas, Senior Vice President and Chief Financial Officer.

Today's discussion may include forward-looking statements as defined by United States securities laws in connection with future events, future operating results or financial performance. Like other businesses, Martin Marietta is subject to risks and uncertainties that could cause actual results to differ materially. We undertake no obligation, except as legally required to publicly update or revise any forward-looking statements, whether resulting from new information, future developments or otherwise.

Please refer to the legal disclaimers contained in today's earnings release and other public filings, which are available on both our own and the Securities and Exchange Commission's website. We have made available during this webcast and on the Investors section of our website, Q2 2022 supplemental information that summarizes our financial results and trends.

As a reminder, all financial and operating results discussed today are for continuing operations. In addition, non-GAAP measures are defined and reconciled to the most directly comparable GAAP measure in the appendix to the supplemental information as well as our filings with the SEC and are also available on our website.

Ward Nye will begin today's earnings call with a discussion of our second quarter operating performance, portfolio optimization efforts and end market trends. Jim Nickolas will then review our financial results and capital allocation, after which Ward will provide some brief concluding remarks. A question-and-answer session will follow. [Operator Instructions]