Page 63 - 2019 Sustainability Report

Adjusted earnings per diluted share (Adjusted EPS) for rationalization charge. Adjusted EPS for the year ended
the year ended December 31, 2018, excludes Bluegrass December 31, 2017, excludes the one-time impact of the
acquisition-related expenses, net; the impact of selling 2017 Tax Cuts and Jobs Act.
acquired inventory after the markup to fair value as part The following reconciles reported earnings per diluted share
of acquisition accounting; and the asset and portfolio to adjusted EPS:

YEARS ENDED DECEMBER 31, 2018 2017

Reported earnings per diluted share $7.43 $11.25

Add back (deduct):

Bluegrass acquisition-related expenses, net 0.20 -

Impact of selling acquired inventory after markup 0.22 -
to fair value as part of acquisition accounting

Asset and portfolio rationalization charge 0.23 -

Impact of the 2017 Tax Cuts and Jobs Act - (4.07)

Adjusted EPS $8.08 $7.18

63 / MARTIN MARIETTA / SUSTAINABILITY REPORT / 2019