Martin Marietta Q1 revenue rises 17%, beats estimates; backs FY forecast

Martin Marietta Materials

30/04/2026 12:07

Overview

US aggregates supplier's Q1 revenue rose 17%, beating analyst expectations

Adjusted EPS for Q1 beat consensus, up 14% yr/yr

Company completed QUIKRETE asset exchange and, on April 19, agreed to acquire New Frontier Materials

Outlook

Martin Marietta reaffirms full-year 2026 Adjusted EBITDA guidance at $2.43 bln midpoint

Company sees 2026 revenue between $7.0 bln and $7.32 bln

Company expects 2026 aggregates volume growth of 11% to 13%

Result Drivers

AGGREGATES SHIPMENT GROWTH - Q1 aggregates shipments rose 12%, driven by organic growth and partial-quarter contributions from QUIKRETE acquisition

INFRASTRUCTURE AND NONRESIDENTIAL DEMAND - Strong infrastructure and heavy nonresidential demand supported shipment growth, especially in the Midwest and Colorado

ACQUISITION-RELATED CHARGES AND COSTS - Gross profit was impacted by a $22 mln charge for selling acquired inventory at fair value and higher freight and depreciation costs

Company press release: ID:nGNX3GsQtL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.36 bln
$1.31 bln (15 Analysts)
Q1 Adjusted EPS
Beat
$1.93
$1.91 (16 Analysts)
Q1 Net Income
$1.51 bln
Q1 EPS continuing operations
$1.31


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 10 "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 $700.00, about 14.2% above its April 29 closing price of $612.85

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)