Martin Marietta misses fourth-quarter revenue estimates on adverse weather

Martin Marietta Materials

12/02/2025 12:54

Feb 12 (Reuters) - Building material supplier Martin
Marietta Materials  MLM.N  reported fourth-quarter revenue that
missed Wall Street estimates on Wednesday, hurt by adverse
weather conditions.
    Shares of the Raleigh, North Carolina-based company fell
3.4% before the bell.
        The company struggled with several storms and hurricanes
through the year, which led to product delays and a relatively
lower percentage of mid-year price increases.     
    "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 CEO Ward Nye.
    Martin Marietta's quarterly revenue rose 1% to $1.63
billion, compared with analysts' estimates of $1.65 billion
according to data compiled by LSEG.
    The company expects to earn 2025 annual revenue between
$6.83 billion and $7.23 billion, the midpoint of which is below
analysts' estimates of $7.22 billion.
    For the quarter ended Dec. 31, the company posted net income
of $294 million, or $4.79 per share, from $283 million, or $4.55
per share, a year earlier.

 (Reporting by Nathan Gomes and Aatreyee Dasgupta in Bengaluru;
Editing by Krishna Chandra Eluri)
 ((Nathan.Gomes@thomsonreuters.com;))