The market expects Martin Marietta (MLM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 9, 2025 Martin Marietta Materials, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) North Carolina 001-12744 56-1848578 4123 Parklake Avenue Raleigh, North Carolina 27612 ( ...

Revenue and Market Performance - The Building Materials business generated 81% of its revenues from the ten largest revenue-generating states in 2024, including Texas and North Carolina[15]. - In 2024, 59% of Magnesia Specialties' revenues were from chemical products, 40% from lime, and 1% from stone sold as construction materials[31]. - The Company anticipates increased demand for its products due to the $1.2 trillion Infrastructure Investment and Jobs Act, which will fund infrastructure growth and development[71]. - Approximately 58% of aggregates shipments in 2024 were attributed to nonresidential and residential construction markets, indicating a significant reliance on these sectors[95]. - The residential construction market accounted for 23% of the company's 2024 aggregates shipments, indicating a significant reliance on this sector[123]. - Revenues for 2024 were $6,536 million, a decrease of 3.6% compared to $6,777 million in 2023[411]. - Gross profit for 2024 was $1,878 million, down from $2,023 million in 2023, reflecting a gross margin of 28.7%[411]. - Earnings from continuing operations increased to $1,996 million in 2024, compared to $1,200 million in 2023, representing a growth of 66.3%[411]. - Basic earnings per share from continuing operations rose to $32.50 in 2024, up from $19.38 in 2023, marking a 67.6% increase[411]. - Total assets increased to $18,170 million in 2024, compared to $15,125 million in 2023, reflecting a growth of 13.5%[416]. Operational Capacity and Infrastructure - The Company has an annual clinker capacity of 2.4 million tons at its Midlothian, Texas facility, with a recent expansion adding 0.45 million tons of incremental annual cement production capacity[25]. - The Company's aggregates reserves average more than 85 years based on the 2024 annual production level, indicating sufficient production capacity for the foreseeable future[23]. - The Company operates 78 aggregates distribution facilities as of December 31, 2024, and is focused on expanding inland and offshore capacity[18]. - The Company operates approximately 390 quarries, mines, and distribution yards across 28 states, Canada, and The Bahamas, enhancing its market reach[426]. Environmental and Regulatory Compliance - The Company believes its current accrual for environmental costs is reasonable, but future costs may increase or decrease based on regulatory changes and circumstances[50]. - The Company is required to reclaim quarry sites after use, with future reclamation costs estimated using statutory requirements and discounted to present value[54]. - The Company's cement plant and Magnesia Specialties plants are regulated for GHG emissions and hold Title V Permits, with compliance costs potentially passed on to customers[60]. - California's Climate Accountability Package, adopted in October 2023, mandates annual reporting of Scope 1, 2, and 3 emissions, which may increase compliance costs for the Company[61]. - The Company has adopted a sustainability risk management strategy, focusing on GHG reduction processes and technologies to improve operational efficiencies[65]. - The Company faces competitive disadvantages due to regulatory differences between the U.S. and the European Union regarding emissions metrics[66]. - Future compliance with climate change regulations may result in substantial costs, although current impacts are not expected to be material[118]. - The company is subject to various environmental regulations, which could lead to increased operational costs and liabilities[109]. Labor and Employee Relations - As of January 31, 2025, the Company employs approximately 9,400 individuals, with 13% represented by labor unions[73]. - The Company increased the benefit value for its hourly employees' pension plan by 76% in 2022, enhancing employee retention and satisfaction[75]. - Labor unions represented 14% of the hourly employees in the Building Materials business, with collective bargaining agreements expiring in 2026 and 2027, posing potential operational risks[129]. - The company’s reliance on key personnel is critical, and the departure of any key member could adversely affect its business[131]. Financial Performance and Risks - Cash and cash equivalents decreased to $670 million in 2024 from $1,272 million in 2023, a decline of 47.4%[416]. - Net cash provided by operating activities was $1,459 million in 2024, slightly down from $1,528 million in 2023[420]. - The company incurred acquisition, divestiture, and integration expenses of $50 million in 2024, compared to $12 million in 2023[411]. - Long-term debt increased to $5,288 million in 2024, up from $3,946 million in 2023, reflecting a growth of 33.9%[416]. - The company’s financial results are impacted by the short supply and high costs of fuel, energy, and raw materials, which can make business planning difficult[151]. - The company’s operations are highly dependent on the interest rate-sensitive construction and steelmaking industries, which may face lower economic activity in a rising interest rate environment[379]. - Rising interest rates, despite recent reductions by the Federal Reserve, may adversely affect the company's business operations and the residential construction market[123]. - Economic and political uncertainties can impede growth in the construction industry, affecting demand for the Company’s products[91]. Strategic Initiatives and Acquisitions - The Company is actively participating in the consolidation of the construction aggregates industry, assessing portfolio optimization strategies and acquisition opportunities[22]. - The company plans to continue growth through selective acquisitions, joint ventures, and other business arrangements, although the success of this strategy depends on finding attractive opportunities at reasonable prices[100]. - The company completed the acquisition of 20 active aggregates operations from BWI Southeast for $2.05 billion in cash, recording mineral reserves valued at $1.9 billion[406]. - The company divested 20 ready mixed concrete plants in February 2024 to reduce exposure to fluctuations in raw materials costs[150]. Technology and Cybersecurity - The company relies on information technology systems and networks, facing risks from cybersecurity threats and data leakage[158]. - The company is subject to complex and evolving laws related to cybersecurity, which may lead to reputational harm and financial losses if breached[161]. Production and Cost Management - The production costs at underground limestone aggregates mines are generally higher than at surface quarries, but they can lead to higher average selling prices due to transportation advantages[21]. - The company has fixed-price agreements for 43% of its anticipated 2025 coal, petroleum coke, and natural gas needs in its Magnesia Specialties business[154]. - A hypothetical 10% change in energy prices in 2025 compared to 2024 would result in a $32 million change in energy expenses, assuming constant volumes[385]. - The company’s cement production is sensitive to supply and price volatility, with prices fluctuating significantly based on market conditions[155]. - The company’s pension expense is influenced by assumptions such as the discount rate and expected long-term rate of return on pension assets, exposing it to interest rate risk[383]. Safety and Compliance - The Company achieved a world-class lost-time incident rate for the eighth consecutive year, reflecting its commitment to workplace health and safety[80]. - The Company monitors occupational exposures to crystalline silica and implements dust control procedures to maintain compliance with safety regulations[53]. - The company’s operations are vulnerable to disruptions caused by severe weather events, which can affect production and distribution[119].

Martin Marietta Materials, Inc. (NYSE:MLM) Q4 2024 Results Conference Call February 12, 2025 10:00 AM ET Company Participants Jacklyn Rooker - Director of Investor Relations Ward Nye - Chair and Chief Executive Officer Jim Nickolas - Executive Vice President and Chief Financial Officer Conference Call Participants Trey Grooms - Stephens Kathryn Thompson - Thompson Research Group Jerry Revich - Goldman Sachs Anthony Pettinari - Citi Phil Ng - Jefferies Garik Shmois - Loop Capital Angel Castillo - Morgan Stan ...

Martin Marietta Materials, Inc. (MLM) reported mixed results for fourth-quarter 2024, with earnings beating the Zacks Consensus Estimate but revenues missing the same. Both the top and bottom lines increased on a year-over-year basis.See the Zacks Earnings Calendar to stay ahead of market-making news.Following the results, shares of this producer and supplier of construction aggregates and other heavy building materials plunged more than 2% in the pre-market trading session.Despite challenges in 2024—such a ...

Martin Marietta (MLM) came out with quarterly earnings of $4.79 per share, beating the Zacks Consensus Estimate of $4.60 per share. This compares to earnings of $4.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.13%. A quarter ago, it was expected that this seller of granite, limestone, sand and gravel would post earnings of $6.41 per share when it actually produced earnings of $5.91, delivering a surprise of -7.80%.Over ...

Year ended December 31, 2024, gross profit and aggregates gross profit per ton include $20 million, or $0.10 per ton, negative impact of selling acquired inventory after its markup to fair value as part of acquisition accounting. 2 MARTIN MARIETTA REPORTS FOURTH-QUARTER AND FULL-YEAR 2024 RESULTS Earnings Growth and Margin Expansion Resumed in the Fourth Quarter Achieved Full-Year Records for Aggregates Revenues, Gross Profit and Unit Profitability Completed Aggregates Bolt-Ons in Florida, Southern Californ ...

Earnings Growth and Margin Expansion Resumed in the Fourth Quarter Achieved Full-Year Records for Aggregates Revenues, Gross Profit and Unit Profitability Completed Aggregates Bolt-Ons in Florida, Southern California and Texas in the Fourth Quarter RALEIGH, N.C., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”), a leading national supplier of aggregates and heavy building materials, today reported results for the fourth quarter and year ende ...

Martin Marietta Materials, Inc. (MLM) is scheduled to report fourth-quarter 2024 results on Feb. 12, before the opening bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the company’s earnings and revenues missed the Zacks Consensus Estimate by 7.8% and 1.7%, respectively. On a year-over-year basis, both metrics declined 15% and 5.3%, respectively.Martin Marietta’s earnings topped the consensus mark in two of the last four quarters and missed on two ...

Core Viewpoint - Analysts project that Martin Marietta (MLM) will report quarterly earnings of $4.58 per share, reflecting a year-over-year decline of 1.1%, while revenues are expected to reach $1.65 billion, an increase of 2.8% from the same quarter last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 1.9%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Total Revenues from Building Materials - Asphalt and paving are expected to reach $237.19 million, marking a year-over-year increase of 3.9% [5]. - Total Revenues from Magnesia Specialties are projected at $78.33 million, reflecting a 3.1% increase from the prior-year quarter [5]. - Total Revenues from Building Materials - Aggregates are anticipated to be $1.17 billion, indicating a significant year-over-year increase of 14.2% [6]. - The average prediction for Total Revenues from Total Building Materials is $1.57 billion, representing a 2.6% increase from the prior-year quarter [6]. Shipment Estimates - Total Shipments of Aggregates are forecasted to reach 49,453.22 KTon, compared to 46,600 KTon in the previous year [7]. - Total Shipments of Cement are estimated at 541.50 KTon, down from 900 KTon year-over-year [7]. - Total Shipments of Asphalt are projected at 2,444.69 KTon, slightly up from 2,400 KTon in the same quarter last year [8]. - Total Shipments of Ready mixed concrete are expected to be 1,140.66 KCuYd, down from 1,500 KCuYd year-over-year [8]. Profit Estimates - Gross profit from Building Materials - Aggregates is expected to reach $380.97 million, compared to $328.60 million in the same quarter last year [9]. - Gross profit from Building Materials - Asphalt and paving is projected at $28.45 million, up from $26.90 million year-over-year [9]. - Total Gross profit from Building Materials is anticipated to be $483.08 million, compared to $461.30 million in the previous year [10]. Stock Performance - Over the past month, shares of Martin Marietta have returned +5.5%, outperforming the Zacks S&P 500 composite's +1.9% change [10]. - Currently, MLM holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near future [11].