Martin Marietta posts record FY23 revenue $6.78B, EPS $19.32; acquires two aggregates businesses, divests Texas ops

MARTIN MARIETTA MATERIALS INC

2023-FY EPS reported $18.82 revenue$6,777,200,000

Full-year 2023 revenue $6.78B (+10% YoY); diluted EPS $19.32 vs $13.70 (+41%).
Q4 revenue $1.61B (+8.9%); EPS $4.63 vs $3.01 (+53.8%).
Full-year Adjusted EBITDA $2.13B (+33%); aggregates unit profitability +46.4%.
Acquired Albert Frei & Sons (Colorado) Jan 12, 2024; agreed to buy BWI Southeast (~1B tons reserves) Feb 11, 2024.
FY24 Adj. EBITDA guidance $2.14-2.34B ($2.37B pro forma); $324M returned to shareholders in 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

MARTIN MARIETTA MATERIALS INC reported financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, the Company announced financial results for the fourth quarter and year ended December 31, 2023.

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MARTIN MARIETTA MATERIALS INC filing history →

Source: SEC EDGAR

accession 0000950170-24-014932

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