Martin Marietta Q2 revenue rises 21%, beats estimates

Martin Marietta Materials

30/07/2026 12:14

Overview
US aggregates supplier's Q2 revenue rose 21%, beating analyst expectations
Adjusted EPS for Q2 beat consensus, rising 3% yr/yr
Company raised full-year 2026 revenue guidance and reaffirmed adjusted EBITDA outlook

Outlook
Martin Marietta raises 2026 revenue guidance to $7.2 bln-$7.4 bln
Company reaffirms 2026 adjusted EBITDA guidance of $2.36 bln-$2.5 bln
2026 guidance excludes any contribution from pending LNA acquisition

Result Drivers
ACQUISITIONS - Recent acquisitions, including Quikrete Holdings and New Frontier Materials, contributed to higher aggregates shipments and revenue
INFRASTRUCTURE DEMAND - Strong infrastructure and heavy nonresidential construction activity supported favorable shipment trends
MIX AND NON-CASH CHARGES - Aggregates average selling price declined due to acquisition-related mix headwinds, and gross profit was reduced by a $52 mln non-cash charge tied to acquisition accounting

Company press release: ID:nGNX1yc3Ng

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.95 bln
$1.87 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$5
$4.75 (15 Analysts)
Q2 EPS
 
$4.17
 
Q2 Net Income
 
$251 mln
 
Q2 EPS continuing operations
 
$4.26
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 11 "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 22.9% above its July 29 closing price of $569.66
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago

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July 29 - Eagle Materials Q1 revenue beats estimates on cement volume growth

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.)