Page 183 - Martin Marietta - 2025 Proxy Statement

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)
Forward-Looking Statements – Safe Harbor Provisions Under the Private Securities Litigation Reform
Act of 1995

Ifyouare interested in Martin Marietta stock, management recommends that, ata minimum, you readthe Company’scurrent
annual report andForms 10-K,10-Q and 8-K reports to theSecuritiesand Exchange Commission (SEC)overthe past year. The
Company’s recent proxystatement forthe annual meetingof shareholdersalsocontains important information. Theseand
other materialsthathavebeen filed withthe SEC are accessiblethrough the Company’s websiteat www.martinmarietta.com
and arealsoavailable at theSEC’s websiteat www.sec.gov. You may also writeorcallthe Company’s Corporate Secretary, who
will providecopiesof such reports.

Investorsare cautionedthatall statements in this Annual Reportthat relatetothe future involve risks anduncertainties, and
are basedonassumptionsthatthe Company believes ingood faithare reasonable but which may be materially different from
actual results. These statements, which are forward-looking statements withinthe meaningof Section 21E of theSecurities
ExchangeAct of 1934 and 27A of theSecuritiesAct of 1933, and are made pursuanttothe safe harbor provisions of thePrivate
Securities Litigation ReformAct of 1995, providethe investor with the Company’s expectations orforecastsoffutureevents.
You can identify these statements by the factthatthey donot relate only to historical or current facts. They may use words
suchas“anticipate,” “may,” “expect,”“should,” “believe,” “project,” “intend,”“will,”and other words of similar meaning in
connection with futureeventsor futureoperating orfinancialperformance.Inaddition to thestatements included inthis
report,we may fromtimetotime makeother oral or written forward-looking statements in other filings underthe Securities
Exchange Actof1934 or in otherpublic disclosures. Any, or all, of management’s forward-looking statementshereinand in
other publications may turnout to be wrong.
These forward-looking statements aresubject to risksand uncertainties, andare basedonassumptionsthat may be materially
different from actual results, and include,but arenot limited to:
 theability of the Company to facechallenges, including shipment declines resulting fromeconomiceventsbeyondthe
Company's control;
 a widespreaddecline in aggregates pricing, including adecline inaggregates shipment volume negatively affecting
aggregates price;
 thehistory of both cement and ready mixedconcretebeing subjecttosignificant changes insupply, demand andprice
fluctuations;
 thetermination,capping and/or reduction or suspension of the federal and/or state fueltax(es) or other revenue
related to public construction;
 thelevel andtimingoffederal, state or localtransportationor infrastructureorpublic projects funding, most
particularlyinTexas,North Carolina,Colorado, California, Georgia, Florida, Minnesota,Arizona,South Carolinaand
Iowa;
 theUnitedStates Congress’ inability to reach agreementamong themselves orwith the Executive Branch of theUnited
StatesFederal government on policyissues that impact the federal budget;
 theability of states and/or otherentitiesto finance approved projects eitherwith taxrevenuesoralternative financing
structures;
 levels of construction spending in the markets the Company serves;
 a reduction in defensespending andthe subsequent impact on construction activity on or near militarybases;
 adecline inenergy-relatedconstructionactivityresulting from asustained period of low globaloil prices or changes
inoil production patternsorcapital spending in response to such adecline, particularly in Texasand West Virginia;
 sustainedhigh mortgage interest rates andotherfactorsthathave resulted ina slowdown in privateconstructionof
both residential andnonresidentialprojects insome geographies;
 unfavorable weatherconditions, particularly Atlantic Ocean, PacificOcean andGulf of Mexicostorm andhurricane
activity, wildfires, thelatestart to spring or theearly onsetofwinterand theimpactof a drought, excessive rainfall or
extreme temperatures in the markets served by the Company, any of whichcan significantlyaffectproduction
schedules,volumes,productand/or geographic mix andprofitability;

2024 Annual Report ♦ Page 75