Financial Performance - Revenues for Q1 2025 increased to 1,353million,up8.21,251 million in Q1 2024[11] - Gross profit rose to 335million,representinga23.2272 million in the same period last year[11] - Consolidated net earnings decreased to 116million,down88.91,046 million in Q1 2024[11] - Basic earnings per share attributable to common shareholders decreased to 1.91,downfrom16.92 in Q1 2024[11] - Consolidated comprehensive earnings for the same period were 117million,downfrom1,045 million in 2024, reflecting a significant decline[24] - Earnings from operations for Q1 2025 were 194million,asignificantdecreasefrom1.4 billion in Q1 2024, which included a 1.3billionpretaxgainfromthedivestitureoftheSouthTexascementbusiness[98]−NetearningsattributabletoMartinMariettawere116 million, or 1.90perdilutedshare,inQ12025,comparedto1.0 billion, or 16.87perdilutedshare,inQ12024[100]AssetsandLiabilities−Totalcurrentassetsdecreasedto2,103 million, down 17.3% from 2,542millionattheendof2024[9]−Cashandcashequivalentssignificantlydroppedto101 million, down 85% from 670millionattheendof2024[9]−Totalliabilitiesdecreasedto8,640 million, down 0.8% from 8,714millionattheendof2024[9]−Totalassetsdecreasedto17,724 million, down 2.5% from 18,170millionattheendof2024[9]−Thecompany′stotaldebtasofMarch31,2025,is5,414 million, with long-term debt at 5,289million[44]−GoodwillbalanceasofMarch31,2025,is3,773 million, with adjustments to purchase price allocations resulting in a slight decrease[42] Cash Flow and Operating Activities - Net cash provided by operating activities increased to 218million,up26.7172 million in Q1 2024[13] - Cash provided by operating activities for Q1 2025 was 218million,upfrom172 million in Q1 2024[101] - The company has an 800millionrevolvingcreditfacilitywithnoborrowingsoutstandingasofMarch31,2025[45]−Thecompanyhasa400 million trade receivable securitization facility with no borrowings outstanding as of March 31, 2025[47] Acquisitions and Divestitures - The Company completed the acquisition of 20 active aggregates operations from Blue Water Industries LLC for 2.05billionincashonApril5,2024,enhancingitspresenceinthesoutheastregion[33]−ThecompanycompletedthedivestitureofitsSouthTexascementbusinessfor2.1 billion, resulting in a pretax gain of 1.3 billion, which is included in other operating income[40] - The preliminary estimated fair values of assets acquired from Albert Frei & Sons, Inc. total 2,120 million, with net identifiable assets acquired amounting to 1,788millionandgoodwillof262 million[35] - The company recorded preliminary fair values for the acquisition of Youngquist Brothers Rock, LLC, with ongoing purchase accounting adjustments expected[38] Market Performance and Segments - Segment revenues for the East Group were 599millionandfortheWestGroupwere667 million, with the Magnesia Specialties segment contributing 87million[65]−TheBuildingMaterialsbusinessgenerated1.266 billion in revenues, with aggregates contributing 1.002billion,cementandreadymixedconcrete233 million, and asphalt and paving services 80million[69]−Theinfrastructuremarketaccountedfor3332 million[124] - Energy costs represent significant production costs, and the company may struggle to pass on increases to customers[124] Tax and Compliance - The effective income tax rate for the three months ended March 31, 2025, is 21.3%, down from 26.0% in the same period of 2024, primarily due to the impact of the February 2024 divestiture[53] - The company deferred income tax payments of 102millionunderdisastertaxreliefprovisionsasofMarch31,2025[54]−TheeffectiveincometaxratesforQ12025andQ12024were21.337 million in letters of credit as of March 31, 2025[58] - Property additions for the total reportable segments were 136millionforthethreemonthsendedMarch31,2025,downfrom578 million in the same period of 2024[67] Shareholder Activities - The company repurchased common stock worth 450millionduringthequarter,comparedto150 million in Q1 2024[13] - The company has a share repurchase program authorized for a maximum of 20 million shares, with 11,024,507 shares remaining to be purchased as of March 31, 2025[129]