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Jun 30, 2025
Martin Marietta Q2 2025 Earnings Report
Martin Marietta reported strong second-quarter 2025 results, driven by record aggregates unit profitability, sustained pricing strength, and effective cost discipline, with the Magnesia Specialties business also achieving record quarterly revenues and profitability.
Key Takeaways
Martin Marietta delivered a robust second-quarter performance in 2025, achieving record aggregates revenues and profitability, along with record Adjusted EBITDA. The company's Magnesia Specialties business also saw record revenues and gross profit. This strong performance led to an increase in the full-year 2025 Adjusted EBITDA guidance.
Revenues increased by 3% to $1.811 billion, and net earnings attributable to Martin Marietta rose by 12% to $328 million.
Aggregates product line achieved record profitability, with average selling price per ton increasing by 7% to $23.21, despite a slight 0.6% decrease in shipments.
Magnesia Specialties business reported record quarterly revenues of $90 million and a significant 32% increase in gross profit to $36 million.
The company raised its full-year 2025 Adjusted EBITDA guidance to $2.30 billion at the midpoint, reflecting strong first-half performance and strategic acquisitions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Martin Marietta is raising its full-year 2025 Adjusted EBITDA guidance, reflecting strong first-half performance, acquisition contributions, and current shipment trends. The company anticipates continued robust infrastructure activity and a recovery in certain nonresidential sectors, while residential construction is expected to remain subdued.
Positive Outlook
- Increased full-year 2025 Adjusted EBITDA guidance to $2.30 billion at the midpoint.
- Infrastructure activity remains robust, supported by sustained federal and state investments.
- Accelerating data center development and warehouse recovery are positively contributing to nonresidential demand.
- Strategic portfolio refinement, including the acquisition of Premier Magnesia, is expected to enhance long-term earnings growth.
- The asset exchange with Quikrete Holdings, Inc. is anticipated to create a more robust aggregates-led business with a durable earnings profile.
Challenges Ahead
- Demand across primary end markets remains varied.
- Relative softness in interest rate-sensitive light commercial construction continues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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