Despite a slowdown in infrastructure spending and rising fuel costs, Martin Marietta Materials reported solid third-quarter earnings Tuesday.
The company, which produces rock, gravel and other materials used to build roads, subdivisions and commercial buildings, had sales of $464 million for the quarter that ended Sept. 30, up 4.6 percent from the same period in 2010.
Excluding one-time charges, the company reported earnings per share of $1.11. That was above the $1.09 a share that was the consensus among analysts who follow the company.
Martin Marietta now expects to ship anywhere from 2 to 4 percent fewer materials in 2011 than it did a year ago. The company’s fuel costs for the quarter rose 16 percent.


State energy officials said today they have scrounged up another $1 million for rebates to residents who buy energy-efficient appliances.
Raleigh will have more than 100 electric car recharging stations in the next two years as funding for the curbside pods keeps yielding new announcements.
The state still has $500,000 left in rebates for residents who buy energy-efficient appliances.
