earnings
confidence high
sentiment negative
materiality 0.80
Martin Marietta Q3 EPS $5.91, revenue $1.89B; FY Adjusted EBITDA guidance cut to $2.1B midpoint
MARTIN MARIETTA MATERIALS INC
2024-Q3 EPS reported
$27.60
revenue$4,905,000,000
- Net earnings $363M ($5.91 diluted EPS) vs $430M ($6.94) YoY; Adjusted EBITDA $646M, down 8%.
- Aggregates shipments down 4% to 53.7M tons; ASP up 8% to $21.52/ton; gross profit per ton record $8.16.
- Record Q3 operating cash flow $601M, up 32% YoY; acquired pure aggregates assets in South Florida and Southern California.
- Revised FY2024 guidance: Adjusted EBITDA $2,015M-$2,115M; aggregates volume -4% to -2.5%; ASP +9% to +11%.