Loading...
•
Mar 31, 2022
Martin Marietta Q1 2022 Earnings Report
Achieved record quarterly consolidated revenues driven by enterprise-wide pricing gains.
Key Takeaways
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.
Achieved record consolidated revenues, benefitting from enterprise-wide pricing gains.
Organic aggregates and cement shipment growth, and contributions from 2021 acquisitions.
Cost inflation outpaced top-line improvement, reducing profit margins versus the prior-year quarter.
Raising full-year outlook for aggregates and cement pricing to offset inflation and replace earnings from recently divested downstream businesses.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company has updated its full-year 2022 guidance to reflect expected pricing realization that it believes will offset additional inflation headwinds and replace earnings from the downstream businesses it recently divested.
Positive Outlook
- Consolidated Products and services revenues between $5,640 million and $5,820 million
- Gross profit between $1,560 million and $1,665 million
- Adjusted EBITDA between $1,700 million and $1,800 million
- Aggregates Organic volume % growth between 1.0% and 4.0%
- Aggregates Total volume % growth between 7.0% and 10.0%
Challenges Ahead
- Selling, general and administrative expenses (SG&A) between $395 million and $405 million
- Interest expense between $165 million and $170 million
- Estimated tax rate (excluding discrete events) between 21% and 22%
- Net earnings from continuing operations attributable to Martin Marietta between $800 million and $900 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...