secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MARIETTA MATERIALS INC (MLM)
CIK:        0000916076
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017447
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Marietta Q1 earnings beat with record revenues, adj. EBITDA $324M; guidance at high end
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- Q1 total revenues $1.354B (+10% YoY); EPS $2.16 vs $0.39; record aggregates gross profit per ton $5.70.
- Aggregates pricing +22.6% (record); volume -0.8% due to California weather; gross margin expanded 1250bps to 26.1%.
- Cement pricing +32.2% (record); shipments -6.8% due to Texas weather; gross profit +75.4% to $47.1M, gross margin 28.0%.
- 2023 guidance: adjusted EBITDA $1.8-1.9B (consistent with high end); aggregates ASP growth 13-15%.
- Terminated sale of Tehachapi cement plant to CalPortland; divested California cement import operations on May 3, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916076/000095017023017447/0000950170-23-017447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916076/000095017023017447/mlm-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer