Nucor earnings beat by $0.08, revenue fell short of estimates
RALEIGH, N.C. - Martin Marietta Materials, Inc. (NYSE:MLM) reported first-quarter earnings that beat analyst estimates, driven by pricing gains and cost discipline across its businesses on Wednesday.
The company’s stock was unchanged in premarket trading following the earnings release.
The building materials supplier posted adjusted earnings per share of $1.90, surpassing the consensus estimate of $1.82. Revenue rose 8% year-over-year to $1.35 billion, slightly below expectations of $1.36 billion.
Martin Marietta’s aggregates business, its largest segment, saw shipments increase 6.6% to 39.0 million tons. Average selling price for aggregates climbed 6.8% to $23.77 per ton. The company said aggregates gross profit surged 24% to a first-quarter record of $297 million, with gross margin expanding 260 basis points to 30%.
"The first three months are off to a strong start with our teams delivering several first-quarter records, including consolidated gross profit, gross margin, Adjusted EBITDA and Adjusted EBITDA margin," said Ward Nye, Chair and CEO of Martin Marietta.
The company maintained its full-year 2025 revenue guidance of $6.83 billion to $7.23 billion, compared to analyst expectations of $7.02 billion.
Nye noted that infrastructure demand remains a bright spot amid macroeconomic uncertainty, with construction activity in this sector expected to grow in 2025 as projects supported by federal and state investments advance.
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