Martin Marietta Q2 revenue record $1.82B; raises FY adjusted EBITDA guidance to $2.0-2.1B

MARTIN MARIETTA MATERIALS INC

2023-Q2 EPS reported $7.56 revenue$3,174,900,000

Second-quarter total revenues $1.82B (+10.9% YoY); diluted EPS from continuing ops $5.60.
Aggregates gross profit record $370.9M (+20.7%); pricing up 18.6% despite shipments down 5.7%.
Cement gross profit record $93.3M (+84.0%); pricing up 21.8% on 1.1M tons shipped.
Full-year adjusted EBITDA guidance raised to $2.0-2.1B; midpoint +28% YoY.
YTD cash from operations $518.5M; returned $232.5M to shareholders via dividends and buybacks.

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