Martin Marietta (MLM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Martin Marietta reported revenue of $1.35 billion for the quarter ended March 2025, reflecting an 8.2% increase year-over-year, while EPS was $1.90, slightly down from $1.93 in the previous year [1] - The revenue matched the Zacks Consensus Estimate, indicating a surprise of +0.21%, but the EPS fell short of expectations by -2.06% [1] Financial Performance Metrics - Total shipments of aggregates were 39,000 KTon, below the average estimate of 42,457.26 KTon [4] - The average unit sales price for aggregates was $23.77 per ton, exceeding the estimated $23.14 per ton [4] - Asphalt shipments totaled 700 KTon, surpassing the estimate of 503.39 KTon [4] - Cement shipments were 400 KTon, below the average estimate of 603.03 KTon [4] - Ready mixed concrete shipments were 1,100 KCuYd, slightly above the estimate of 1,052.53 KCuYd [4] Revenue Breakdown - Total revenues from building materials (cement and ready mixed concrete) were $233 million, below the estimate of $254.68 million [4] - Revenues from asphalt and paving reached $80 million, exceeding the estimate of $60.94 million, representing a year-over-year increase of +35.6% [4] - Revenues from aggregates were $1 billion, above the average estimate of $987.47 million, with a year-over-year change of +13.2% [4] - Revenues from magnesia specialties were $87 million, slightly above the estimate of $83.87 million, reflecting a +7.4% year-over-year change [4] - Interproduct sales reported a loss of -$49 million, worse than the estimated -$42.12 million, but showed a +25.6% change year-over-year [4] - Total building materials revenues were $1.27 billion, slightly above the estimate of $1.26 billion, with an 8.2% year-over-year increase [4] Profitability - Gross profit for total building materials was $298 million, exceeding the average estimate of $289.31 million [4] Stock Performance - Martin Marietta's shares returned +4.2% over the past month, contrasting with a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]