Martin Marietta Materials-Martin Marietta Reports First-Quarter 2025 Results

Core Insights - Martin Marietta Materials, Inc. reported strong first-quarter results for 2025, with significant growth in revenues and profitability driven by pricing momentum, cost discipline, and contributions from acquisitions [1][3][4] Financial Performance - Revenues increased by 8% to $1,353 million compared to$ 1,251 million in the same quarter of 2024 [2] - Gross profit rose by 23% to $335 million, with a gross margin of 25% [2][26] - Adjusted EBITDA grew by 21% to$ 351 million [2][42] - Net earnings attributable to Martin Marietta decreased by 89% to $116 million, primarily due to a nonrecurring gain in the previous year [2][5] Aggregates Segment - Aggregates shipments increased by 6.6% to 39.0 million tons, with an average selling price per ton rising by 6.8% to$ 23.77 [8][9] - Gross profit for the aggregates segment increased by 24% to $297 million, achieving a gross profit per ton of$ 7.60 [9][30] Magnesia Specialties - The Magnesia Specialties business achieved record revenues of $87 million and gross profit of$ 38 million, reflecting pricing improvements and cost management [12][30] Building Materials Business - The Building Materials business reported revenues of $1.3 billion, an increase of 8%, with gross profit rising by 20% to$ 298 million [7][30] Cash Flow and Capital Allocation - Cash provided by operating activities was $218 million, up from$ 172 million in the prior year [12] - The company returned $499 million to shareholders through dividends and share repurchases during the quarter [13] Full-Year 2025 Guidance - The company maintains its full-year guidance, projecting revenues between$ 6,830 million and $7,230 million, with net earnings attributable to Martin Marietta expected between$ 1,005 million and $1,175 million [14][15]