teleconference. joining and Thank for you, all you Suzanne, today's thank
and and the as First that are we and and safe families challenges you uncertainties COVID-XX. hope your presented remain healthy foremost, we by confront and
meeting I how to the my our resolutely colleagues our supporting large and workers responders, in shown gratitude through. extend safely vital safe. and customers. has of Marietta neighbors the time manage to groceries care are critical proud local health Marietta character are sincere supplies is of our together everyone helping unprecedented needs want for cared to and communities also after Martin Martin ways equipment tremendously employees day, how employees this their also up and working well and They're ensuring by of small our to both and picking team. I'm Day and donating first through
shown as Our losing integrity, excellence, team meet successfully determination core never sight community resilience great our while our values has of of courage, stakeholders' stewardship. needs safety, and and we
working to these principles with guide open and an values look safe, These hard across daily our particularly that materials and We and in times. long-term essential orders. must maintain character. we're vital infrastructure us the our services at designation foundational responsible even actions their nation provide to That shelter-in-place areas a heavy and those in our we're building Marietta way. Communities continuing decisions, remains as efficient and customers means to to business. support objective difficult and during define Martin
organizational steps operations this workforce, due and largely of procedures, disruption. Through to our quickly to is and have to company. and our are supplies which the end April, approach We to early Marietta little domestic of this our decisive health to believe protect employees safety our the Martin chains sourcing materials the seen of focused respond expanded pandemic, supply designed and company's all
for and and is remote implemented equipment practices, with facility working, and social and communication, resource including focus During guidelines business this distancing We've management pivotal enhanced as protocols continuity. new cleaning, Prevention the threefold: our operations. who on consistent time, with provide These ongoing Disease the were protocols the with basis guidance. familiar Centers experts updated professionals our an Control and industrial for and public hygienist partner additional medical robust
Communications enabling and frequency plans COVID-XX with all ensure We informed. and engaged in-person force, the nonessential our Planning customers, established information also staffing, been business contingency substance stay and fully stakeholders our of flow enterprise-wide travel of enhance and task and meetings most operations, respect suppliers timely to about we've accurate canceled other communications and the the to to established and a employees, thus actively our to
responsible they've agility, operations carefully third-party have Thanks perseverance any their to and Our business their company to to Among timely while extraordinarily visitors clean dedication while and and steps and teams considerable disinfect has effectiveness, necessary minimize our COVID-XX well. taken things, flexibility shown facilities, our smoothly. other adapted exposure. keeping running screening
Additionally, as that utilizing typically doors as colleagues for close we're combination work social distancing well to in our protocols. of another, proximity in a one work-from-home
Our job accessible. fully employees meeting remaining are dutifully responsibilities their and
site, office attentive our to our as remotely, employees an have essential another. encouraged be communities employee an run. are out to one operating and empowered Importantly, safe for our With stakeholders, we suppliers, our team's customers, high, and look whether shareholders an can we or business working other and to at engagement creditors,
performance. release, As results with disclosed shortly. in strong first Jim Marietta quarter will this discuss morning's financial delivered you operational Martin and these
and results, operational first excellence underscore me to we're disciplined proud our that strategies. these of which commitment our say to Let
and of now full start XXXX, February. XXXX related of had continue unfold. with an of we our record-setting we level issued fundamental business, drivers confident recognize economic withdrawn remain as have what guidance back and outcomes uncertainty we in COVID-XX year will the societal and year Accordingly, promising unprecedented to our strength while the in we underlying we a believe would have be a filled pandemic this While been
material yet We've projects and building not canceling or seen customers contractors delaying in way. a
pricing as COVID-XX-impacted we're trends, highlighted seeing to and month. an typically and making what information as our shipment trends in sharing are we greater and on are preliminary a not April While transparency XX, these supplemental times. Slides atypical now do intra-quarter exception comment on provide We're XX we to
Specifically, volumes. growth year notable continues April, of shipments levels. shipments shipments to strong to month activity. in trending also notable April construction levels, not near-record to to Colorado exception most decline shipments oil trending North one in are aggregate some XXXX low Texas, areas as Cement as saw remained did are concrete temporarily elevated but is close The and We continue for April well homebuilders and prices. due cement be mixed demand and historically Indiana. match the the currently volatile prior pause oil Ready near even XXXX
products mid-March. as idled steel-producing lime than $XX COVID-XX-induced manufacturers revenues of shutdown in their April response Specialties customers slowed lower million the to Demand certain and year prior has facilities the dramatically temporarily beginning periclase for are period. business comparable auto for in Magnesia the domestic our
April realizing June per announced even overwhelming announcing implemented environment. pricing until support trends, tight year. of X. increases delay ton over with mid-single In announced the cement competitors April COVID-XX is Texas $X pricing digits terms price implemented confident X, XXXX aggregates a to the improved several as Cement April Prior increases highly up, were pricing given plans full of in the earlier outbreak, were increase broadly in to we market in
trends a a and basic Colorado does is slightly the that it ours the disruptions higher pandemic. the levels. as of phased clearer unfold. durable is pricing for year the not pricing immune than caused concrete economies Though the mixed have concrete Texas by and mixed picture We'll remainder XXXX reopening of to industry, ready mean Ready April of the we're
Our economy is interconnected industries or and consumer Marietta. Martin other behavior dislocations in may impact
to sector. transportation fees coming of in primary streets, in of budgets and near user anticipate April, As headwinds tolls, expect demand end the projects. are demand fuel advertise such, and beyond effects to the most revenue from particularly state the timing, face The operational we extent the feeling much levels DOT sector of has soften and the place. and Infrastructure, product Nonetheless, be expected other we sheltered public departments of months, vast presently in related many collections nation than The resilient will highways and been lower is company's of unknown. duration aggregates-intensive state uses award X the the private as majority will temporary looking with taxes, are for the continue term. weaker sooner
are additional the levels billion help of X risks, emergency resulting work. expected recovery lanes action and impact from Florida will half including among The vary and lower projects over with the in industry DOT engaging is traffic, considerably Congress Phase meaningful transportation of of funding $X congressional travel actively performing lower the vehicle surface COVID-XX and states. legislation. construction second absent to leverage transportation to hours closing representatives mitigate accelerated daytime XXXX, economic in more more critical state become address has DOT, relief To funding to example, for efficiencies
state XX% XX of backstop nearly offset federal first the transportation revenues immediate is next over funding estimated billion The in to the flexible the recommendation $XX in loss months.
of package. execute an surface projects. a major The history transportation industry than our infrastructure second to recommendation comprehensive the is given fully reauthorization recent designed We build better backlog on is in equipped of the believe passage
has activity most projects construction existing Nonresidential on in continued broadly regions.
the are being office, retail hospitality. projects commercial However, or and or delayed engineering many and planning canceled, for stages particularly
services. near-term is environment, reliant disruption e-commerce supply hand, perform secure centers relatively and more regional on expected as significant warehouses, are in increase become the to and not data cloud the businesses centers activity, current network and experience from industrial Some well COVID-XX, expected other on to activity, distribution chains
sector large Gulf energy are to along underway already projects the that Similarly, expected Texas of Coast continue. are
steepest expected residential plans. of as rapid unemployment impacts the of economic to and The and perhaps is developers decline delay most general home experience and instability COVID-XX the home buyers to market from
Marietta contrast Today's remain anticipate of in prolonged states Martin residential to all-time despite rates. in However, lows near a gains do we historically and interest population low activity. period inventories to reduced notable Recession, the Great from housing benefit not
secondary we values-driven economic we effects our the culture. from on coronavirus, prepare for rely As the the fallout of
in other and preserving earlier, adjusting our employees, With the communities protections place stakeholders priority. liquidity focused with on our and As business flow, demand. of costs emphasized remains we're I top customers, accomplish generating established safety, product our cash and well-being this, health align priorities to to of
for has plans economic them we're warranted. a variety as and extensive implement and integrity of immediacy developed Our ready to with scenarios, team
and In early discretionary belts consistent nonessential costs, with of aligning addition to reduced cut tightening through in March, shareholders' bond with our stewards strengthening restrictions. $XXX our hiring demand sheet spending prudent to a we've our balance We're capital. capacity implemented being offering million timely projects and capital our commitment for
improves. as We will reevaluate these visibility actions
being today's manage resilient Having right unprecedented and geographically, them will We're environment just capable. does and execute that. right And lot. financially strategy, well positioned at to safely the to successfully and a Marietta more the through decisions emerge Martin otherwise do right the time, making and able matter
thoughtfully dividend our more Martin position a of XX have footprint a a today but leading on How trends, remain the continue so? through with cost considering and and of healthy we've carefully with not These our now considerably to suspended our record or noteworthy, much navigated expansion aggregate XXXX, generate platforms, and opportunities. provide leveraging ago, previous profitable a a years has growth throughout, new we expand pricing supports in but and markets, as to First, operations up than a positioning footprint flexibility. is lower competitive our attractive existing also This Today, strategic in downstream Marietta never volumes to complement from and Marietta Moreover, XX% execute that we sheet. Martin aggregates-led improved. XX% balance with continue shipment with and only plans stronger which our cut not geographic markets geographic with decade business We favorable economies strategic downturn company. compared than strategic in opportunities Recession and profitability plans, also any cement critical and scale public fundamentals build our through levels targeted high-growth positions we emerged Great in to on much only expanded mass. peak
is This business our during addressed that their for our the have our expertise. experienced most and industry performance. economic teams leadership same demonstrated prudently as successfully and leadership our industry we recently strong our XX-year team returns Martin shareholders and operational challenging contributions X-, environment response and financial Second, largely decades X- Great Recession, of and produced return and cumulative experienced. shareholder formulated knowledge collective Marietta ever with the the needs sustained Together, by have
these proven cycle and leadership the Martin to experience experience priorities, critical. teams brief, manage challenging Marietta has uncertain evolving responsibly strategies, times, and through right us times. In is In tested
turn for over now more the a I'll review. detailed financial call to Jim? Jim
