Martin Marietta Q2 net earnings down 16% to $294M; aggregates price up 12% but shipments down 3%

MARTIN MARIETTA MATERIALS INC

2024-Q2 EPS reported $21.66 revenue$3,015,000,000

Q2 revenue $1.76B (-3% YoY), net earnings $294M (-16%), diluted EPS $4.76 (-15%).
Aggregates shipments 53.0M tons (-3%); avg price $21.61/ton (+12%); gross profit per ton $7.41 (+9%).
Adjusted EBITDA $584M (-2%); includes $20M negative impact from Blue Water inventory step-up.
Full-year guidance revised (specifics not in excerpt); Blue Water acquisition integration continues.

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