Martin Marietta Materials, Inc. (MLM) reported tepid results for second-quarter 2024, with earnings and revenues missing the Zacks Consensus Estimate. Both the top and bottom lines decreased on a year-over-year basis. MLM witnessed historic precipitation in Texas and parts of the Midwest, along with ongoing restrictive monetary policy and curtailed volumes, thanks to April and May's historically wet weather. Owing to the slowing product demand in the interest-rate-sensitive private construction sector, the ...

Martin Marietta (MLM) reported $1.76 billion in revenue for the quarter ended June 2024, representing a yearover-year decline of 3.1%. EPS of $5.26 for the same period compares to $5.60 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.81 billion, representing a surprise of -2.61%. The company delivered an EPS surprise of -5.57%, with the consensus EPS estimate being $5.57. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Martin Marietta (MLM) came out with quarterly earnings of $5.26 per share, missing the Zacks Consensus Estimate of $5.57 per share. This compares to earnings of $5.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.57%. A quarter ago, it was expected that this seller of granite, limestone, sand and gravel would post earnings of $1.88 per share when it actually produced earnings of $1.93, delivering a surprise of 2.66%. Ove ...

Martin Marietta Materials, Inc. (MLM) is scheduled to report second-quarter 2024 results on Aug 8, before the opening bell. In the last reported quarter, the company's adjusted earnings per share (EPS) surpassed the Zacks Consensus Estimate by 2.7% but revenues missed the same by 3.4%. On a year-over-year basis, this aggregates producer's earnings and total revenues were down 10.7% and 7.6%, respectively. Notably, Martin Marietta's earnings topped the consensus mark in the last four quarters, the average su ...

The market expects Martin Marietta (MLM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. 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, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers ar ...

RALEIGH, N.C., July 15, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company") will host its second-quarter 2024 earnings conference call on Thursday, August 8, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended June 30, 2024, that morning before the market opens. A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company's website at www.martinmarietta.com. The co ...

Investor Contact: Jacklyn Rooker Director, Investor Relations (919) 510-4736 Jacklyn.Rooker@martinmarietta.com A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company's website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 564-2877 and using conference ID 07179. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. An on-demand replay will be available on the Company's web ...

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Uncertainties in the macroeconomic landscape, weather-related issues, and increased labor costs pose challenges for the Zacks Building Products - Concrete & Aggregates industry. The Federal Reserve's recent decision to maintain high interest rates and reduce the expected number of rate cuts this year from three to one can impact the industry players. Industry Description Focus on Reviving Infrastructure: The Infrastructure Investment and Jobs Act, the Creating Helpful Incentives to Produce Semiconductors an ...

Martin Marietta Materials, Inc. (MLM) is benefiting from its strong aggregates pricing strategy, strength in public construction and accretive acquisitions. Also, the emphasis on long-term strategic plans — markedly SOAR (Strategic Operating Analysis and Review) 2025 initiatives bodes well. The expected improving infrastructure activity trend through 2024, thanks to a solid inflow of public funds for infrastructure and manufacturing activities, is encouraging. The Zacks Rank #3 (Hold) company's 2024 earning ...