Q3 2025 Results Presentation November 4, 2025 Forward-Looking Statements The information in this presentation highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries, including with respect to the benefits of acquisitions. Many of these highlighted statements and other statements not historical in nature are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes th ...

Financial Data and Key Metrics Changes - Martin Marietta reported third quarter revenues from continuing operations of $1.8 billion, a 12% increase year-over-year, while total revenues, including discontinued operations, were $2.1 billion, a 10% increase [7][8] - Adjusted EBITDA from continuing operations rose 22% to $667 million, and consolidated adjusted EBITDA, including discontinued operations, increased 15% to $743 million [8] - Earnings per diluted share from continuing operations were $5.97, a 23% increase, while total earnings per diluted share, including discontinued operations, were $6.85, a 16% increase [8] Business Line Data and Key Metrics Changes - Aggregates revenues reached $1.5 billion, a 17% increase, with gross profit up 21% to $531 million and gross margin expanding to 36%, an increase of 142 basis points [5][15] - The specialties business achieved record quarterly revenues of $131 million, a 60% increase, and gross profit increased 20% to $34 million [5][16] - Revenues from the continuing operations building materials business, which includes aggregates, asphalt, and paving, were $1.7 billion, a 10% increase, with gross profit increasing 16% to $585 million [15] Market Data and Key Metrics Changes - The value of state and local government highway, bridge, and tunnel contract awards increased 10% year-over-year, reaching $128 billion for the 12-month period ending September 30, 2025 [10] - Heavy non-residential construction demand remains steady, particularly driven by data center development and recovery in warehousing and distribution [11][12] - The National Association of Home Builders' Housing Market Index rose to its highest level since April, indicating improved home builder confidence [13] Company Strategy and Development Direction - Martin Marietta is focused on disciplined growth and operational excellence, with a strategic plan that includes maintaining world-class safety standards and delivering attractive price-cost spread economics [9][20] - The company is raising its full-year 2025 consolidated adjusted EBITDA guidance to $2.32 billion, driven by strong performance in its core aggregates product line [8][9] - The company anticipates continued resilience in its aggregates business, supported by sustained infrastructure investment and solid heavy non-residential demand [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of product demand, citing ongoing federal and state investment in infrastructure and the expected recovery in residential construction [10][11] - The preliminary outlook for 2026 includes low single-digit aggregates volume growth and mid-single-digit pricing gains, reflecting a positive sentiment towards future demand [9][10] - Management noted that while intermittent government shutdowns may cause delays, core construction activities typically proceed uninterrupted due to stable funding sources [11][40] Other Important Information - The company is engaged in a portfolio-shaping transaction with Quikrete Holdings Inc., expected to close in Q4 2025, which will enhance its operational focus and financial flexibility [9][17] - Martin Marietta's commitment to returning capital to shareholders is demonstrated by a 5% increase in its quarterly cash dividend [18] Q&A Session Summary Question: Balance of aggregate pricing and volumes - Management reported that pricing was up 8%, with organic pricing up 7.9%, and volumes were also up 8%, with organic volumes increasing by 5.5% [22][23] Question: Cost side expectations - Management indicated an expected improvement in price-cost spread, with Q4 implied cost performance around 2% compared to the previous quarter [28][31] Question: Volume cadence and government shutdown impact - Management noted steady performance throughout the quarter and indicated that government shutdowns typically do not impact their business significantly [35][40] Question: Bookings and backlogs - Management expressed confidence in infrastructure spending and noted that state DOT budgets are up year-over-year, indicating a positive outlook for 2026 [44][61] Question: Pricing tool rollout - The Precise IQ pricing tool is expected to be fully rolled out by mid-2026, with anticipated benefits captured in the mid-single-digit pricing guidance [77][78] Question: Uncertainties for 2026 - Management feels more confident going into 2026 compared to 2025, citing continued federal investment and strong state DOT budgets as key factors [97][98]

Q3 2025 SUPPLEMENTAL INFORMATION* November 4, 2025 * All information provided in these slides is qualified in its entirety by reference to the Company's filings with the Securities and Exchange Commission (SEC), which are available on both the Company's and the SEC's websites. Statement Regarding Safe Harbor for Forward-Looking Statements Investors are cautioned that all statements herein that relate to the future involve risks and uncertainties and are based on assumptions that the Company believes in good ...

Certain statements in this presentation, including our guidance and business strategies, are forward- looking statements that involve risk, uncertainty and assumptions, and are based on information as of November 4, 2025. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review our Annual Report on Form 10-K, Form 10-Qs filed in 2025 and our other filings with the U.S. Securities and Exchange Commission. Third Quarter ...

Achieves Record Quarterly Aggregates Revenues, Profitability and Margin Establishes Record Quarterly Revenues and Third Quarter Gross Profit in Specialties Business Raises Full-Year 2025 Guidance RALEIGH, N.C., Nov. 04, 2025 (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 ended September 30, 2025. Third-Quarter Highlights(Financial highlights ...

Company Overview - Builders FirstSource (NYSE:BLDR) is a leading supplier of building materials and manufactured components for residential and commercial construction, operating across the United States [1] - The company competes with other industry players like Home Depot and Lowe's, which also supply building materials and related services [1][6] Stock Performance - As of the latest update, the stock price of BLDR is $113.21, reflecting a decrease of approximately 2.55%, with fluctuations between a low of $111.66 and a high of $114.86 during the trading day [3] - The stock has experienced significant volatility, having dropped nearly 50% from its all-time highs, which were recorded at $194.36 [2][3][6] - D.A. Davidson has set a price target of $115 for BLDR, suggesting a modest upside potential of approximately 1.15% [2][6] Earnings and Market Capitalization - Despite the recent decline in stock price, the company reported earnings per share that exceeded expectations, capturing investor interest [2] - Builders FirstSource has a market capitalization of approximately $12.52 billion, with a trading volume of 536,707 shares on the NYSE [5] Technical Analysis - According to the Adhishthana Principles, Builders FirstSource is currently in Phase 9 of its 18-phase cycle, a critical phase that often determines future stock performance [4] - Historically, stocks form a Cakra structure between Phases 4-8, which is typically bullish; however, BLDR fell below the Cakra as it moved into Phase 8, indicating potential challenges ahead [4][5] - A successful breakout in Phase 9 could lead to the Himalayan Formation, signaling the start of a strong bullish rally [5]

Core Insights - The company reported a consolidated sales decline of 1.3% year-on-year for the first nine months of 2025, totaling €2,878 million, with organic growth of 1.8% [1][4] - The third quarter of 2025 saw consolidated sales of €992 million, reflecting a 4.9% increase in organic growth and a 1.4% increase on a reported basis, despite negative currency effects [3][4] - The company aims to achieve a financial leverage ratio of less than 1.0x by the end of 2027, while maintaining a solid cash generation and controlled working capital [2][17] Sales Performance - In France, sales for the first nine months of 2025 reached €897 million, a 2.0% increase reported but a 4.1% decline in like-for-like terms [1][28] - The Americas region reported sales of €711 million, down 5.9% reported and 1.5% like-for-like, primarily due to a slowdown in the U.S. market [1][36] - The Mediterranean region experienced a strong sales increase of 7.7% reported and 34.0% like-for-like, totaling €369 million for the first nine months [1][45] Regional Analysis - The company noted a recovery in Switzerland, contributing to a 9.4% increase in sales in Europe (excluding France) for the first nine months, totaling €336 million [1][10] - In Asia, sales declined by 12.9% reported and 5.5% like-for-like, totaling €301 million, impacted by currency depreciation [1][41] - The African market saw a sales decline of 7.7% reported and 7.4% like-for-like, totaling €264 million, with challenges in Senegal affecting performance [1][49] Operational Highlights - The cement activity showed a 9.7% increase in the third quarter at constant scope and exchange rates, with volumes growing by 5.3% [3][4] - The company is ramping up production at a new kiln in Senegal, which is expected to drive operational growth and cost savings in the coming years [2][15] - The VAIA CCS project has been selected for funding by the European Innovation Fund, marking a significant step in the company's decarbonization efforts [2][16] Financial Outlook - The company confirmed its 2025 revenue and EBITDA outlook, expecting sales growth on a like-for-like basis and EBITDA growth of 2% to 5% at constant scope and exchange rates [4][17] - The financial leverage target for 2025 has been adjusted to above 1.3x due to negative currency effects and non-recurring items [17][18] - The company aims to maintain an EBITDA margin of at least 20% over the 2025–2027 period while achieving a gearing ratio of less than 1.0x by the end of 2027 [17][18]

Core Insights - Aristotle Capital Boston, LLC reported solid results for U.S. small/mid-cap equities in Q3 2025, with a return of 2.57% net of fees, underperforming the Russell 2500 Index's 9.00% total return [1] Company Overview - James Hardie Industries plc (NYSE:JHX) manufactures and supplies fiber cement and fiber gypsum products primarily for residential construction [3] - The company has a market capitalization of $12.122 billion, with shares closing at $20.93 on October 31, 2025 [2] Performance Metrics - James Hardie Industries plc experienced a one-month return of 4.18%, but its shares have lost 34.06% over the past 52 weeks [2] - The stock is not among the 30 most popular stocks among hedge funds, although the number of hedge fund portfolios holding JHX increased from 12 to 32 in the last quarter [4] Strategic Developments - The acquisition of The AZEK Company enhances James Hardie's product offerings and positions the company for market share gains in an expanded addressable market [3] - The company is expected to benefit from operating synergies, merger cost synergies, and enhanced scale efficiencies, which should improve shareholder value creation potential [3]

Core Viewpoint - Louisiana-Pacific Corp (NYSE:LPX) is identified as a stock with significant upside potential, supported by a recent dividend declaration and favorable market conditions following the exit of a competitor [1][2][3]. Group 1: Dividend Declaration - On October 30, Louisiana-Pacific Corp announced a cash dividend of $0.28 per share, scheduled for payment on November 21 to shareholders of record as of November 14 [1]. Group 2: Market Position and Analyst Ratings - DA Davidson reiterated a 'Buy' rating on Louisiana-Pacific Corp on October 10, setting a price target of $117, anticipating that the company will fill a market void left by a competitor's exit [2]. - The closure of Nichicha's primary manufacturing plant is expected to create opportunities for Louisiana-Pacific Corp to capitalize on, as the company is viewed as trading at attractive levels due to its strong margin profile [3]. Group 3: Company Overview - Louisiana-Pacific Corp, based in Nashville, Tennessee, specializes in engineered wood materials for construction, operating over 20 manufacturing plants across the U.S., Canada, Chile, and Brazil [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quanex Building Products Corporation during the specified Class Period of the upcoming lead plaintiff deadline on November 18, 2025 [1] Group 1: Class Action Details - Investors who purchased Quanex securities between December 12, 2024, and September 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [3] - The lawsuit alleges that Quanex made false and misleading statements regarding its operations and failed to disclose significant issues with its tooling and equipment maintenance, leading to investor damages when the truth was revealed [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]