Martin Marietta Q1 EPS $16.87 on $1.3B divestiture gain; adj. EBITDA -10% to $291M

MARTIN MARIETTA MATERIALS INC

2024-Q1 EPS reported $16.87 revenue$1,251,000,000

Total revenues $1.251B, down 8% YoY; gross profit $272M, down 10%.
Earnings from operations $1.421B, up 625%, driven by $1.3B nonrecurring gain on divestiture.
Aggregates gross profit per ton up 14% to $6.53; Magnesia Specialties record quarterly gross profit.
Full-year 2024 guidance raised to $2.37B at the midpoint for adjusted EBITDA.
Adjusted EBITDA from continuing operations $291M, down 10% YoY.

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 0.9

MARTIN MARIETTA MATERIALS INC reported the first quarter ended March 31, 2024 results: revenue $1,251, net income $1,045, EPS $16.87. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $1,251
Net income: $1,045
EPS: $16.87
Guidance: raised
Result: reported results

Exact text from the filing

2024. First-Quarter Highlights (Financial highlights are for continuing operations) Quarter Ended March 31, (In millions, except per share) 2024 2023 % Change Total revenues 1 $ 1,251 $ 1,354 (8)% Gross profit $ 272 $ 303 (10)% Earnings from operations 2 $ 1,421 $ 196 625% Net earnings from continuing operations attributable to Martin Marietta 2 $ 1,045 $ 134

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

MARTIN MARIETTA MATERIALS INC filing history →

Source: SEC EDGAR

accession 0000950170-24-050196

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.