October 30th was a really good day for shareholders of aggregates and building materials company Martin Marietta Materials (NYSE: MLM ). Shares of the business, as of midday on October 30th, were up 4.3%. This move higher came afterCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash f ...

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, 2024 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 ...

For the quarter ended September 2024, Martin Marietta (MLM) reported revenue of $1.89 billion, down 5.3% over the same period last year. EPS came in at $5.91, compared to $6.94 in the year-ago quarter.The reported revenue represents a surprise of -1.73% over the Zacks Consensus Estimate of $1.92 billion. With the consensus EPS estimate being $6.41, the EPS surprise was -7.80%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Martin Marietta (MLM) came out with quarterly earnings of $5.91 per share, missing the Zacks Consensus Estimate of $6.41 per share. This compares to earnings of $6.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.80%. A quarter ago, it was expected that this seller of granite, limestone, sand and gravel would post earnings of $5.57 per share when it actually produced earnings of $5.26, delivering a surprise of -5.57%. Ov ...

Exhibit 99.1 1 MARTIN MARIETTA REPORTS THIRD-QUARTER 2024 RESULTS Achieved Record Quarterly Aggregates Gross Profit Per Ton Despite Weather Impacts Delivered Record Third-Quarter Cash Flows from Operations and Magnesia Specialties Revenues and Gross Profit Acquired Pure Aggregates Assets in South Florida and Southern California RALEIGH, N.C. (October 30, 2024) – Martin Marietta Materials, Inc. (NYSE: MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building mate ...

Achieved Record Quarterly Aggregates Gross Profit Per Ton Despite Weather Impacts Delivered Record Third-Quarter Cash Flows from Operations and Magnesia Specialties Revenues and Gross Profit Acquired Pure Aggregates Assets in South Florida and Southern California RALEIGH, N.C., Oct. 30, 2024 (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 third quarter ...

In its upcoming report, Martin Marietta (MLM) is predicted by Wall Street analysts to post quarterly earnings of $6.78 per share, reflecting a decline of 2.3% compared to the same period last year. Revenues are forecasted to be $1.97 billion, representing a year-over-year decrease of 1.4%. Over the last 30 days, there has been a downward revision of 3.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their init ...

RALEIGH, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company") will host its third-quarter 2024 earnings conference call on Wednesday, October 30, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended September 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. ...

Company Overview - Martin Marietta Materials is a supplier of construction aggregates, cement, and related building materials for infrastructure, residential, and commercial construction projects [2] - The company operates a network of 360 quarries, mines, and distribution yards across 28 states in the U.S., Canada, and The Bahamas [2] - Martin Marietta has three primary business segments: Building Materials, Magnesia Specialties, and a focus on aggregates, cement, ready-mixed concrete, asphalt, and paving services [2][3] Financial Performance - In Q2 2024, revenue decreased by 3% year-over-year, gross profit declined by 8%, and net earnings from continuing operations fell by 16% [6] - The Building Materials segment generated $6,461.8 million in revenue for 2023, up from $5,856.7 million in 2022 [3] - The aggregates product line accounted for $4,301.6 million in revenue in 2023, compared to $3,879.0 million in 2022 [3] Headwinds and Challenges - The decline in financial performance is attributed to three main factors: inventory markup from the acquisition of Blue Water Industries, weather disruptions, and high-interest rates [6][7] - The inventory markup from the acquisition led to a $20 million decline in gross profit in Q2 2024, impacting the cost of goods sold [7] - Weather disruptions in the Dallas-Fort Worth area resulted in a 119% increase in rainfall, causing a 2.8% decrease in aggregates shipments [7] Market Outlook - The share price experienced a 50% increase from October 2023 to March 2024, followed by a 13% pullback, which is viewed as a healthy correction [8] - Financial metrics such as operating income, net income, and EBITDA have been increasing since 2021, reflecting positively on the share price [8] - The company has a debt-to-assets ratio of 0.3 and a current ratio of 1.86, indicating a good ability to meet short and long-term debt obligations [9] Valuation and Insider Activity - The company is considered overvalued compared to the materials sector, with key ratios above the sector median and the company's 5-year average [10] - There has been a lack of insider buying activity, with the CEO selling $12 million of his shares and an EVP selling $6 million, indicating potential concerns about management's confidence [11] - The overall assessment leads to a Hold rating due to high valuation ratios and the absence of insider buying during the recent pullback [12]

Martin Marietta Materials, Inc. (MLM) announced a 7% hike in quarterly dividend payout, reaffirming its ongoing commitment to enhancing shareholder rewards. This ninth consecutive year hikes underscore the company's emphasis on a well-rounded approach to capital allocation, achieved through a strong balance sheet, solid aggregates-led business model and a commitment to operational excellence. Shares of this producer and supplier of construction aggregates and other heavy building materials rose 2.7% during ...