Martin Marietta Materials, Inc. (MLM) is scheduled to report first-quarter 2024 results on Apr 30, before the opening bell. The Zacks Consensus Estimate for Martin Marietta’s first-quarter earnings is pegged at $1.88 per share, which moved up from $1.85 in the past seven days. The estimated figure suggests a decline of 13% from the year-ago quarter’s reported figure of $2.16. Notably, Martin Marietta’s earnings topped the consensus mark in the last four quarters, the average surprise being 41.5%.The consens ...

Key PointsAs the U.S. construction sector prepares for a potential boom, investors may be looking for opportunities beyond homebuilding stocks.Martin Marietta Materials became a prime suspect as Goldman boosted the stock's price targets. Above peers, and with high institutional ownership, it's a stock that could beat EPS expectations this year.5 stocks we like better than The Goldman Sachs GroupA U.S. construction boom may be in the works, as the current housing market has hit a stalemate between willing bu ...

Analysts on Wall Street project that Martin Marietta (MLM) will announce quarterly earnings of $1.85 per share in its forthcoming report, representing a decline of 14.4% year over year. Revenues are projected to reach $1.3 billion, declining 4.4% from the same quarter last year.Over the last 30 days, there has been an upward revision of 2.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Martin Marietta (MLM) . This company, which is in the Zacks Building Products - Concrete and Aggregates industry, shows potential for another earnings beat.This seller of granite, limestone, sand and gravel has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12744 MARTIN MARIETTA MATERIALS, INC. (Exact name of registrant as specified in its charter) North Carolina 56-1848578 (State or other ...

Financial Data and Key Metrics - Consolidated total revenues for 2023 reached $6.8 billion, a 10% increase year-over-year [8] - Consolidated gross profit for 2023 was $2 billion, a 42.1% increase year-over-year [8] - Adjusted EBITDA for 2023 was $2.1 billion, a 33% increase year-over-year [277] - Aggregates gross profit per ton increased by 46.4% to $6.93 in 2023 [277] - Earnings per diluted share from continuing operations increased by 41% to $19.32 in 2023 [277] Business Line Performance - Aggregates business achieved record revenues of $4.3 billion in 2023, a 10.9% increase, with gross profit up 40.1% to $1.4 billion and gross margin increasing by 660 basis points to 32% [12] - Asphalt and paving revenues increased by 12.6% to $887.1 million, with gross profit up 34.7% to $109 million due to strong demand and lower bitumen costs [13] - Concrete revenues increased by 5.9% to $1 billion, with gross profit up 44.2% to $102 million, driven by pricing gains and mega project contributions [278] - Texas Cement revenues increased by 17% to $725.5 million, with gross profit up 64.6% to $333.6 million, driven by favorable supply/demand dynamics in the Dallas-Fort Worth Metroplex [225] Market Performance - Aggregate shipments declined by 4.3% in 2023 due to softer demand in certain Midwest and Southwest markets, partially offset by strength in Southeast markets [9] - Aggregates pricing increased by 18.9% (17.2% mix-adjusted) in 2023, reflecting strong pricing fundamentals [9] - Infrastructure volumes were up 6% in Q4 2023, despite overall volumes being down 2% [126] - Texas, Florida, North Carolina, and Minnesota saw significant increases in Department of Transportation budgets, supporting public infrastructure demand [75] Strategic Direction and Industry Competition - The company completed several portfolio-enhancing transactions, including the acquisition of Blue Water Industries, which strengthens its position in attractive Southeast markets [5][6] - The company expects double-digit aggregates pricing growth to overcome inflationary pressures and lead to expanded gross margins and unit profitability growth [18] - The company's value-over-volume strategy has been successful, with pricing growth more than offsetting lower shipments [187] - The company anticipates healthy demand in public and heavy non-residential construction to offset softness in the residential sector and light non-residential construction [15] Management Commentary on Operating Environment and Future Outlook - Management expects 2024 to be another record year, with flat aggregate shipments as infrastructure and large-scale non-residential projects offset softness in residential and light non-residential sectors [189] - The company expects consolidated adjusted EBITDA of $2.24 billion at the midpoint for 2024, driven by strong pricing growth and contributions from recent acquisitions [186] - Management highlighted the bipartisan support for infrastructure investment, with 88% of transportation-related state and local ballot initiatives approved in November 2023, representing approximately $7 billion in additional funding [16] - The company anticipates a recovery in single-family residential demand as interest rates decline and mortgage payments become more affordable [31] Other Important Information - The company returned $2.6 billion to shareholders through dividends and share repurchases since the repurchase authorization announcement in February 2015 [14] - The company achieved a world-class total injury incident rate for the third consecutive year and a world-class lost-time incident rate for the seventh consecutive year in 2023 [190] - The company expects the new finish mill at its Midlothian, Texas plant to be fully operational in Q3 2024, adding approximately 450,000 tons of incremental high-margin production capacity [210] Q&A Session Summary Question: Impact of January weather on Q1 performance [22] - Management noted that Q1 2023 had unseasonably good weather, contributing to 15% of gross profit for the year, but expects Q1 2024 to be impacted by challenging weather conditions, with gross profit likely to be around 11.5% of the full year [37][38] Question: Capital expenditure guidance for 2024 [61] - The company expects CapEx to be between 8% to 10% of sales, with a midpoint of 9%, driven by large projects such as the Beckman plant upgrade in San Antonio and real estate purchases [79][80][81] Question: M&A pipeline and capital allocation [268] - Management expects 2024 to be an active year for M&A, with a focus on pure-play aggregates transactions, and remains open to tapping capital markets for the right deal [269][128] Question: Pricing dynamics and inflation [286] - Management believes the industry has learned from the hyperinflation period and expects pricing to remain disciplined, with long-term reserves becoming more valuable over time [287][288] Question: Infrastructure Investment and Jobs Act (IIJA) impact [105] - Management expects the IIJA to drive steady, multi-year demand for aggregates, with 2024 being the first year of significant stone demand related to the act [179][112] Question: Volume guidance for 2024 [165] - Management expects flat aggregate shipments for 2024, with potential upside in the second half of the year driven by infrastructure and large-scale non-residential projects [273][274]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12744 MARTIN MARIETTA MATERIALS, INC. (Exact Name of Registrant as Specified in its Charter) North Carolina 56-1848578 (State o ...

Martin Marietta Materials, Inc. (NYSE:MLM) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Conference Call Participants Good day and welcome to Martin Marietta's Third Quarter 2023 Earnings Conference Call. All participants are now in listen-only mode. A question-and-answer session will follow the companyÂ's prepared remarks. As a reminder, today's call is being recorded and will be available for replay on the company's website. Thank you. It's my pleasure to welcome you to our third quarter 2 ...

| --- | --- | --- | --- | --- | --- | |------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | Q3 2023 | | | | | | | SUPPLEMENTAL INFORMATION* | | | | | | | November 1, 2023 | | | | | | Company's filings with the | * All information provided in these slides is qualified ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12744 MARTIN MARIETTA MATERIALS, INC. (Exact Name of Registrant as Specified in its Charter) North Carolina 56-1848578 (State or oth ...