Martin Marietta down after forecasting annual revenue, profit below estimates

Martin Marietta Materials

12/02/2025 12:56

** Shares of building material supplier Martin Marietta
Materials  MLM.N  down 3.4% at $511 premarket
    ** Company forecast annual revenue and profit largely below
Street estimates on softness in residential construction demand
    ** Sees annual revenue between $6.63 billion and $7.23
billion vs. estimates of $7.22 billion - data compiled by LSEG
    ** MLM forecast annual adjusted earnings before interest,
taxes, depreciation and amortization (EBITDA) of between $2.15
billion and $2.35 billion vs. estimates of $2.34 billion
    ** Company slightly misses Q4 revenue estimates, posts
revenues of $1.63 billion vs. estimates of $1.65 billion
    ** MLM rose 3.5% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))