Martin Marietta Materials stock falls over 3% as revenue misses estimates

Published 12/02/2025, 13:14
Martin Marietta Materials stock falls over 3% as revenue misses estimates

RALEIGH, N.C. - On Wednesday, Martin Marietta Materials, Inc. (NYSE:MLM) reported fourth-quarter earnings that beat expectations, but revenue fell short of analyst estimates, sending shares down -3.02% in pre-market trading.

The building materials supplier posted earnings per share of $4.79 for the quarter, surpassing the consensus estimate of $4.64. However, revenue came in at $1.63 billion, missing analysts’ projections of $1.65 billion.

For the fourth quarter, aggregates shipments increased 2.7% year-over-year to 47.9 million tons. Average selling price for aggregates rose 8.6% to $21.95 per ton. Aggregates gross profit jumped 16% to $379 million, driven by contributions from acquired operations, organic pricing growth, and lower diesel costs.

"In 2024, we faced several challenging dynamics beyond our control, including inclement weather, softening construction demand in both nonresidential and residential sectors, and tighter-than-expected monetary policy," said Ward Nye, Chair and CEO of Martin Marietta. "Despite these headwinds, we remained steadfast in executing our strategic priorities and concluded the year with a return to earnings growth and margin expansion, resulting in record fourth quarter profits."

Looking ahead, Martin Marietta provided full-year 2025 revenue guidance of $6.83 billion to $7.23 billion, compared to the consensus estimate of $7.21 billion. The company expects aggregates shipment volume growth of 2.5% to 5.5% and average selling price growth of 5.5% to 7.5% in 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.