Page 184 - Martin Marietta - 2024 Proxy Statement
P. 184
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)
Cement is a key raw material in the production of ready mixed concrete. The Company may be unable to pass along increases in
the costs of cement and raw materials to customers in the form of price increases for the Company’s products. A hypothetical 10%
change in cement costs in 2024 compared with 2023, assuming constant volumes, would change the ready mixed concrete product
line cost of sales by $29.2 million. While increases in cement pricing may negatively impact the profitability of the Company's ready
mixed concrete operations, the cement business would benefit, although the positive impact may not reflect a direct correlation
to the impact to the ready mixed concrete business.
Page 82 ♦ 2023 Annual Report
