Martin Marietta Earnings Reports

Martin Marietta achieved a record fourth-quarter profit, with revenue increasing 1% to $1.63 billion and EPS rising 3% to $4.79. Aggregates segment saw a 3% shipment increase and a 9% rise in average selling price. Despite a decline in cement and asphalt revenues due to divestitures, overall operating income rose 8% to $399 million.

Martin Marietta reported third-quarter results with record quarterly aggregates gross profit per ton, record third-quarter cash flows from operations, and record third-quarter revenues and gross profit in the Magnesia Specialties business. However, weather-related events had major impacts on the third-quarter business results.

Martin Marietta reported a decrease in revenues and gross profit for the second quarter of 2024 compared to the previous year. Despite challenges from weather and restrictive monetary policy, the company achieved record aggregates profitability and expanded Adjusted EBITDA margin. The acquisition of Blue Water Industries operations was completed, strengthening the business and enhancing the margin profile. The company lowered its 2024 full-year Adjusted EBITDA guidance to $2.2 billion at the midpoint.

Martin Marietta reported a decrease in total revenues and gross profit for the first quarter of 2024. However, the company completed significant portfolio-enhancing transactions, increased aggregates gross profit per ton, and achieved record quarterly gross profit in the Magnesia Specialties business. The company has raised its full-year 2024 Adjusted EBITDA guidance.

Martin Marietta reported a strong fourth quarter, capping off a record year in 2023. The company's disciplined execution of its value-over-volume commercial strategy drove significant organic improvement in Adjusted EBITDA and aggregates unit profitability.

Martin Marietta reported record quarterly results for nearly every financial and operational measure. The company's performance was driven by disciplined execution of their value-over-volume commercial strategy.

Martin Marietta reported exceptional second-quarter performance with record revenues, profitability, and unit margins. The company's value-over-volume strategy and business model durability drove impressive results, despite lower aggregates shipments. Revised full-year Adjusted EBITDA guidance is now $2.0 – $2.1 billion, a 28 percent increase at the midpoint compared to the prior year.

Martin Marietta reported a remarkable start to the year with record first-quarter results across various measures. The company saw robust margin expansion due to prior pricing actions, despite inflationary pressures and slightly lower aggregates shipments. They achieved a record for aggregates pricing growth and a substantial increase in aggregates gross profit per ton.

Martin Marietta reported record financial results for Q4 2022, driven by disciplined execution of its strategic plan and focus on controllable factors. The company achieved an all-time quarterly record of aggregates pricing growth, positioning it well for another record year in 2023.

Martin Marietta reported record quarterly revenues and gross profit, driven by double-digit pricing growth across all building materials’ product lines. The company expects a return to expanding margins in the fourth quarter as the compounding effect of multiple pricing actions throughout the year offsets continued inflationary pressure and a slowdown in single-family residential construction.

Martin Marietta reported record second-quarter revenues for aggregates and cement shipments, gross profit, Adjusted EBITDA and Adjusted earnings per diluted share. The company's performance was driven by the successful execution of its strategic business plan and the focus of its team. Despite increased inflationary pressure and a challenging macroeconomic environment, the company capitalized on an attractive commercial environment and executed its value-over-volume commercial strategy.

Martin Marietta reported record consolidated revenues for Q1 2022, driven by pricing gains and contributions from acquisitions. However, cost inflation outpaced revenue growth, reducing profit margins. The company is raising its full-year outlook for aggregates and cement pricing to offset inflation.

Martin Marietta reported a momentous year of growth in 2021, delivering the most profitable and safest year in the Company’s history. The company completed $3.1 billion in value-enhancing acquisitions, expanding geographic footprint and product offerings.

Martin Marietta reported record revenues, gross profit, and Adjusted EBITDA (excluding nonrecurring gains in Q3 2020) and EPS. These results were driven by organic shipment growth, pricing gains, and acquisitions, offsetting higher energy-related costs.

Martin Marietta reported record second-quarter consolidated revenues, gross profit, and earnings per diluted share, driven by strengthening product demand and pricing gains across all product lines. The company successfully advances SOAR 2025 and expects to close Lehigh West Region Acquisition in the second half of 2021.

Martin Marietta reported a strong start to 2021 with record first-quarter revenues, profits, and safety performance. The company achieved record Adjusted EBITDA of $204 million, driven by pricing gains in aggregates and cement, and disciplined cost management. The acquisition of Tiller Corporation was announced, expected to enhance Martin Marietta's position in the Minneapolis/St. Paul region.

Martin Marietta reported a strong fourth quarter and full-year 2020, overcoming challenges posed by the COVID-19 pandemic. The company achieved record fourth-quarter revenues and Adjusted EBITDA, driven by shipment growth, pricing gains, and disciplined cost management. Underlying demand fundamentals are expected to reset in 2021, with anticipated growth in single-family housing, infrastructure investment, and heavy industrial projects.

Martin Marietta reported outstanding financial and operational performance in Q3 2020, with expanded consolidated gross margin and significant Adjusted EBITDA. Increased pricing and disciplined cost management helped offset the decrease in shipment volumes. The company also achieved record year-to-date profitability and the best safety performance in its history.

Martin Marietta reported record profitability in the second quarter of 2020, with consolidated gross margin improving by 200 basis points. Product demand remained strong, and the company saw increased pricing in aggregates, cement, and ready-mixed concrete.

Martin Marietta reported strong first-quarter results with a new record for consolidated revenues. The company's Building Materials business saw improved shipments and pricing. They strengthened their balance sheet through a debt offering but withdrew full-year 2020 guidance due to COVID-19 uncertainty.

Martin Marietta reported strong Q4 2019 results, concluding the most profitable year in the company's history. The company saw improvements in shipments, pricing, and profitability across the Building Materials business. Total revenues reached $1.10 billion, with net earnings attributable to Martin Marietta at $131.0 million, or $2.09 per diluted share.