Martin Marietta misses Q3 revenue estimates, raises guidance

Martin Marietta Materials

04/11/2025 12:04

Overview

Martin Marietta Q3 revenue grows 12% yr/yr but misses analyst expectations

Adjusted EBITDA from continuing operations rose 22% yr/yr

Company raises full-year 2025 guidance for Consolidated Adjusted EBITDA

Outlook

Martin Marietta raises full-year 2025 Consolidated Adjusted EBITDA guidance to $2.32 bln midpoint

Company sees positive demand trends in infrastructure and nonresidential construction

Preliminary 2026 guidance indicates low single-digit aggregates volume growth

Result Drivers

AGGREGATES PERFORMANCE - Record quarterly revenues and gross profit in aggregates business, driven by strong pricing and increased shipments

SPECIALTIES GROWTH - Specialties business achieved record quarterly revenues and gross profit, aided by higher pricing and increased shipments

DEMAND TRENDS - Strong demand in infrastructure and nonresidential construction markets supported aggregates shipment growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.84 bln
$2.06 bln (16 Analysts)
Q3 EPS
$6.85
Q3 Net Income
$414 mln
Q3 EPS continuing operations
$5.97


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the construction materials peer group is "buy"

Wall Street's median 12-month price target for Martin Marietta Materials Inc is $674.50, about 8.2% above its November 3 closing price of $619.30

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nGNXbmtSCn

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)