Martin Marietta Posts Higher Profit; Lafarge, Danaher, Mid Atlantic Medical Also Report Increases
Martin Marietta Corp. yesterday reported a third-quarter profit of $149 million ($1.18 per share), a 13.5 percent increase over the earnings of $131 million ($1.04) for the same quarter in 1993.</br></br>The firm said one reason for the jump in profit was the savings that came from consolidations following its purchase of the rocket division of General Dynamics Corp. and the aerospace division of General Electric Co.</br></br>Sales for the most recent quarter were $2.56 billion, 3.9 percent higher than revenue of $2.47 billion for the same period one year before.</br></br>The increase in sales was attributable in part to the firm's purchase earlier this year of General Dynamics Space Systems.</br></br>"These strengthened results are indicative of the streamlined company that emerged from combining Martin Marietta and the former GE Aerospace," said Norman R. Augustine, chairman and chief executive.