Earnings summaries and quarterly performance for MARTIN MARIETTA MATERIALS.
Executive leadership at MARTIN MARIETTA MATERIALS.
C. Howard Nye
Detailed
Chair of the Board, President and Chief Executive Officer
CEO
MJ
Michael J. Petro
Detailed
Chief Financial Officer
RJ
Robert J. Cardin
Detailed
Senior Vice President, Controller and Chief Accounting Officer
RR
Roselyn R. Bar
Detailed
Executive Vice President, General Counsel and Corporate Secretary
Board of directors at MARTIN MARIETTA MATERIALS.
Research analysts who have asked questions during MARTIN MARIETTA MATERIALS earnings calls.
David Macgregor
Longbow Research
8 questions for MLM
Also covers: AOS, ASTE, BECN +16 more
KT
Kathryn Thompson
Thompson Research Group
8 questions for MLM
Also covers: AMWD, APG, AWI +13 more
Trey Grooms
Stephens Inc.
8 questions for MLM
Also covers: ACA, AMRZ, AZEK +15 more
Garik Shmois
Loop Capital Markets
7 questions for MLM
Also covers: ACA, AMWD, AWI +13 more
AT
Adam Thalhimer
Thompson, Davis & Company, Inc.
6 questions for MLM
Also covers: ACM, AZZ, CX +17 more
AP
Anthony Pettinari
Citigroup Inc.
6 questions for MLM
Also covers: AMBP, AMCR, AVY +26 more
Michael Dudas
Vertical Research Partners
6 questions for MLM
Also covers: AA, ACM, ARCH +15 more
Philip Ng
Jefferies
6 questions for MLM
Also covers: AWI, AZEK, BALL +26 more
AC
Angel Castillo Malpica
Morgan Stanley
5 questions for MLM
Also covers: AGCO, ALSN, CAT +15 more
IY
Ivan Yi
Wolfe Research, LLC
5 questions for MLM
Also covers: ADBE, KNF, VMC +1 more
KH
Keith Hughes
Truist Financial Corporation
5 questions for MLM
Also covers: AMRZ, AWI, BLD +21 more
Brent Thielman
D.A. Davidson
4 questions for MLM
Also covers: AAON, ACA, APOG +27 more
TT
Timna Tanners
Wolfe Research
4 questions for MLM
Also covers: AA, AMRZ, ATI +20 more
JR
Jerry Revich
Goldman Sachs Group Inc.
3 questions for MLM
Also covers: AGCO, ALSN, ATMU +28 more
JA
Judah Aronovitz
UBS Group AG
3 questions for MLM
Also covers: ACM, FLR, J +2 more
Tyler Brown
Raymond James Financial, Inc.
3 questions for MLM
Also covers: CLH, CWST, ODFL +7 more
AF
Andrew Foster
SunTrust
2 questions for MLM
BB
Brian Brophy
Stifel Financial Corp
2 questions for MLM
Also covers: CTOS, ECG, EME +12 more
Esther Osinaiya
Morgan Stanley
2 questions for MLM
Also covers: AGCO
JO
Jesse Owen
Jefferies
2 questions for MLM
Michael Feniger
Bank of America
2 questions for MLM
Also covers: ACM, AGCO, CAT +13 more
Mike Dudas
Vertical Research Partners
2 questions for MLM
Also covers: J, PWR
PB
Patrick Brown
Raymond James
2 questions for MLM
Also covers: BLX, CLH, CWST +8 more
SF
Steven Fisher
UBS
2 questions for MLM
Also covers: ACM, AGCO, BBCP +23 more
AR
Adam Robert Thalhimer
Thomson Davis
1 question for MLM
Also covers: FIX
Andrew Maser
Stifel Financial Corp.
1 question for MLM
Also covers: VMC
AC
Angel Castillo
Morgan Stanley & Co. LLC
1 question for MLM
Also covers: ALSN, CNH, CRH +6 more
AS
Asher Sohn
Citi
1 question for MLM
AS
Asher Sohnen
Citigroup Inc.
1 question for MLM
Also covers: CNM, EXP, FOR +2 more
AY
Avi Yaroslav
UBS
1 question for MLM
BD
Brian Daniel Brophy
Stifel
1 question for MLM
Also covers: FIX
GG
Garrett Greenblatt
JPMorgan Chase & Co.
1 question for MLM
Also covers: EXP, KNF
Jonathan Bettenhausen
Truist Securities, Inc.
1 question for MLM
Also covers: EXP
JA
Juda Aronovitz
UBS Securities LLC
1 question for MLM
Zack Pacheco
Loop Capital Markets
1 question for MLM
Also covers: AWI, BV
Recent press releases and 8-K filings for MLM.
Martin Marietta completes asset exchange with Quikrete and updates 2026 guidance
MLM
M&A
Guidance Update
- Completed a tax-efficient asset exchange with Quikrete, acquiring ~20 million tons of annual aggregates production and $450 million cash in exchange for cement and ready-mix assets.
- Updated 2026 guidance to $7.16 billion revenues and $2.43 billion Adjusted EBITDA, with $575 million in capital expenditures.
- Provided aggregates guidance of 12.0 % volume growth (2.0 % organic) and 2.5 % ASP growth (5.0 % organic).
- Highlighted an expanded footprint with 85 years of reserves and 450+ aggregates quarries, mines, and yards across key markets.
- Marked the culmination of SOAR 2025, achieving a 208 bps price/cost spread improvement and adding a 3 million-ton Bridgeport plant capacity.
Feb 23, 2026, 9:20 PM
Martin Marietta Materials completes asset exchange with Quikrete
MLM
M&A
Guidance Update
- Martin Marietta Materials closed a tax-efficient asset swap with Quikrete on February 23, 2026, acquiring aggregates operations producing approximately 20 million tons annually and $450 million in cash in exchange for its Midlothian cement plant, related terminals, Texas ready-mixed concrete assets and nonoperating land.
- CEO Ward Nye stated the deal enhances the company’s aggregates-led strategy, strengthens its Central Division footprint and caps the SOAR 2025 plan while positioning the firm to launch SOAR 2030.
- The company’s updated 2026 guidance for continuing operations projects $7,160 million in revenues, $2,430 million in adjusted EBITDA, $575 million in capital expenditures, 12.0% total aggregates volume growth, 2.0% organic volume growth, 2.5% ASP growth and 5.0% organic ASP growth.
- The outlook includes contributions from the QUIKRETE transaction and the December 2025 acquisitions of Minnesota aggregates and FOB asphalt assets from CRH.
Feb 23, 2026, 9:15 PM
Martin Marietta Materials reports Q4 and FY 2025 results and 2026 guidance
MLM
Earnings
Guidance Update
- Strong Q4 aggregates performance: revenues +8% to $1.2 B, gross profit +11% to $420 M, gross profit/ton +9% to $8.59, and margin +93 bps to 34%.
- Full year 2025 continuing operations: revenues $5.7 B (+7%), gross profit $1.8 B (+13%), and gross margin 31% (+173 bps); aggregates segment revenues $5 B (+11%) and gross profit $1.7 B (+16%).
- Financial position and capital allocation: record cash flow from operations $1.8 B, net debt/EBITDA 2.3×, liquidity $1.2 B; deployed $812 M on acquisitions, $680 M in capex, and returned $647 M to shareholders in 2025.
- 2026 guidance: shipments growth of 2% at midpoint, consolidated Adjusted EBITDA of approximately $2.49 B, aggregates gross profit expected to grow low double digits, and planned capex of $575 M (–29% y/y).
Feb 11, 2026, 3:00 PM
Martin Marietta Materials reports Q4 2025 earnings and FY2026 outlook
MLM
Earnings
Guidance Update
M&A
- Core aggregates delivered record Q4 performance: revenues of $1.2 billion (+8%), gross profit of $420 million (+11%), gross profit per ton of $8.59 (+9%) and margin expansion of 93 bps to 34%.
- Full year 2025 continuing operations posted revenues of $5.7 billion (+7%) and gross profit of $1.8 billion (+13%) with a 173 bps margin increase; aggregates segment revenues grew 11% to $5.0 billion, generating $1.7 billion in gross profit (+16%); cash flow from operations was $1.8 billion, deploying $812 million in acquisitions, $680 million in CapEx, and returning $647 million to shareholders.
- For 2026, shipments are guided to grow 2% at the midpoint with consolidated Adjusted EBITDA of about $2.49 billion including discontinued operations; aggregates gross profit is expected to increase in the low double digits, specialties in the high teens, and planned CapEx is $575 million (down 29%).
- The SOAR 2025 program achieved a 208 bps price-cost spread, over 13% CAGR in aggregates gross profit per ton, $16 billion in portfolio transactions, 126% total shareholder return, and maintained leverage within 2–2.5× net debt/EBITDA.
Feb 11, 2026, 3:00 PM
Martin Marietta Materials reports Q4 2025 results and 2026 guidance
MLM
Earnings
Guidance Update
- Martin Marietta reported Q4 2025 consolidated revenues of $1.745 B and Adjusted EBITDA of $577 M (33% margin).
- Net leverage at December 31 2025 was 2.3× (net debt of $5.256 B to trailing-12-month Adjusted EBITDA).
- Full-year 2026 guidance at midpoint calls for $2.235 B of Adjusted EBITDA from continuing operations and $2.485 B of consolidated Adjusted EBITDA.
- Infrastructure demand is underpinned by the IIJA, with ~$350 B in total highway & bridge funds and over 50% still to be invested, supporting multi-year tailwinds.
Feb 11, 2026, 3:00 PM
Martin Marietta Materials reports Q4 2025 results and 2026 guidance
MLM
Earnings
Guidance Update
M&A
- Full-year 2025 continuing-operations building materials revenues of $5.7 billion (up 7%), gross profit of $1.8 billion (up 13%) and gross margin of 31% (expand 173 bps); aggregates segment delivered $5.0 billion in revenues (up 11%) with a 34% margin (expand 143 bps).
- 2025 operating cash flow reached $1.8 billion (up 22%); capital deployed included $812 million in M&A, $680 million in capex and $647 million returned to shareholders (cash yield ~1.7%); net debt/Adjusted EBITDA at 2.3× and liquidity of $1.2 billion.
- 2026 guidance assumes 2% shipment growth at midpoint, aggregates gross profit in low double digits, specialties gross profit in high teens, flat gross profit in other building materials, supporting high single-digit growth in consolidated revenues and Adjusted EBITDA of ~$2.49 billion; planned capex of $575 million (down 29% year-over-year).
- Pending Q1 2026 closing of asset exchange with Quikrete, after which updated Adjusted EBITDA guidance will be provided.
Feb 11, 2026, 3:00 PM
Martin Marietta Materials reports Q4 and full‐year 2025 results
MLM
Earnings
Guidance Update
- Q4 revenues of $1.534 billion (up 9% YoY) and gross profit of $468 million (up 10%); full‐year revenues of $6.150 billion (up 9%) and gross profit of $1.889 billion (up 16%).
- Q4 net earnings from continuing operations of $233 million (down 6% YoY) and EPS of $3.85; full‐year net earnings of $990 million (down 45%) and EPS of $16.34.
- Q4 Adjusted EBITDA from continuing operations of $515 million (up 10% YoY) and full‐year $2.065 billion (up 17%).
- 2026 guidance: full‐year revenues of $6.42–6.78 billion (midpoint $6.60 billion) and Adjusted EBITDA from continuing operations of $2.160–2.310 billion (midpoint $2.235 billion).
Feb 11, 2026, 12:01 PM
Martin Marietta reports Q3 2025 results
MLM
Earnings
Guidance Update
M&A
- Q3 2025 continuing operations revenues reached $1.846 billion (+12% y-o-y), net earnings were $361 million (+22% y-o-y), and Adjusted EBITDA was $667 million (+22% y-o-y).
- Achieved all-time quarterly records for aggregates revenues, profitability and margin.
- Announced a pending strategic asset swap with QUIKRETE to further enhance the aggregates platform, margin profile and earnings durability.
- Raised full-year 2025 consolidated Adjusted EBITDA guidance given strong year-to-date performance and aggregates shipment trends.
Nov 4, 2025, 3:00 PM
Martin Marietta reports record Q3 2025 earnings and raises guidance
MLM
Earnings
Guidance Update
M&A
- Aggregates revenues reached $1.5 billion (up 17%) and gross profit was $531 million (up 21%); specialties revenues hit $131 million (up 60%).
- Revenues from continuing operations were $1.8 billion (up 12%) and adjusted EBITDA from continuing operations was $667 million (up 22%); EPS from continuing operations was $5.97 (up 23%).
- Raised full-year 2025 consolidated adjusted EBITDA guidance to $2.32 billion at the midpoint, reflecting strong aggregates performance and October shipping trends.
- Entered a definitive asset exchange with Quikrete to acquire aggregates operations (~20 Mt annual capacity) and divest Midlothian cement and Texas ready-mix assets, expected to close in Q4 2025.
- Preliminary 2026 outlook calls for low single-digit aggregates volume growth and mid single-digit pricing gains, driven by infrastructure investment and non-residential demand.
Nov 4, 2025, 3:00 PM
Martin Marietta Materials reports Q3 2025 results
MLM
Earnings
Guidance Update
M&A
- Martin Marietta delivered record Q3 aggregates revenues of $1.5 billion (+17% YoY) and gross profit of $531 million (+21%), with gross margins expanding 142 bps to 36%.
- Consolidated revenues from continuing operations were $1.8 billion (+12%), Adjusted EBITDA from continuing ops $667 million (+22%), and EPS from continuing ops $5.97 (+23%).
- Raised full-year 2025 consolidated Adjusted EBITDA guidance to $2.32 billion midpoint and set a preliminary 2026 outlook of low single-digit aggregates volume growth, mid-single-digit pricing, and a >250 bps price-cost spread.
- Entered an asset exchange agreement with Quikrete (closing expected Q4 2025) and approved a 5% quarterly dividend increase in Q3.
Nov 4, 2025, 3:00 PM
Quarterly earnings call transcripts for MARTIN MARIETTA MATERIALS.
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