The upcoming report from Martin Marietta (MLM) is expected to reveal quarterly earnings of $4.68 per share, indicating a decline of 2.3% compared to the year-ago period. Analysts forecast revenues of $1.55 billion, representing a decline of 4.7% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 2.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timef ...

CEMEX (NYSE:CX) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Speaker10Hello, good morning, and welcome everyone to the CEMEX Fourth Quarter 2025 conference call and webcast. My name is Becky, and I will be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. If at any time you require operator assistance, please press star followed by zero, and we'll be happy to assist you. And now I will turn the conference over to L ...

Fourth Quarter 2025 Results Brickell Flatiron, Miami, United States Except as the context otherwise may require, references in this presentation to "Cemex," "we," "us," "our," or similar expressions refer to Cemex, S.A.B. de C.V. (NYSE: CX; BMV: CEMEX.CPO) and its consolidated entities. The information included in this presentation contains forward-looking statements within the meaning of applicable securities laws and regulations, including but not limited to Section 27A of the U.S. Securities Act of1933, ...

Core Insights - Eagle Materials Inc. reported strong financial results for the third quarter of fiscal 2026, with revenue of $556 million, adjusted EBITDA of $190.1 million, and earnings per share (EPS) of $3.22, despite challenges in the residential construction market [1][2]. Financial Performance - Revenue for the third quarter increased by 11% in the Heavy Materials sector to $390.2 million, driven by higher sales volumes of Cement and Aggregates [1]. - Cement sales volume rose by 9% to 1.9 million tons, while organic Aggregates sales volume surged by 34% [1][2]. - Light Materials sector revenue decreased by 16% to $203.5 million, attributed to lower sales volumes and prices of Gypsum Wallboard and Recycled Paperboard [1][2]. Capital Structure and Shareholder Returns - The company issued $750 million in 10-year senior notes at a 5.00% interest rate, enhancing liquidity and extending debt maturity [1]. - Nearly $150 million was returned to shareholders through dividends and share repurchases, with approximately 648,000 shares repurchased [1][2]. Operational Efficiency and Investments - Eagle Materials is investing in modernizing its Cement and Gypsum Wallboard plants to improve operational efficiency and lower costs [1]. - The company reported a net leverage ratio of 1.8x, indicating substantial financial flexibility for future growth [1][2]. Segment Analysis - Heavy Materials segment operating earnings increased by 9% to $92.7 million, reflecting strong demand for Cement and Aggregates [1]. - Light Materials segment operating earnings decreased by 25% to $72.6 million due to lower sales volumes and pricing pressures [1][2]. Market Position - The company maintains a strong market position supported by federal, state, and local spending on public infrastructure projects, which has bolstered demand for its Heavy construction products [1][2].

Core Insights - The liquidity contract between Vicat and Kepler Cheuvreux has been operational, with Natixis Oddo BHF serving as the market maker until March 31, 2025, after which Kepler Cheuvreux took over [2]. Group 1: Liquidity Contract Details - As of December 31, 2025, resources in the dedicated liquidity account were recorded, indicating active management of the liquidity contract [2]. - From July 1, 2025, to December 31, 2025, a total of 9,539 shares were traded, amounting to €3,892,143.0, with 3,879 buy transactions and 4,242 sell transactions [5]. - The total volume of shares bought during this period was 589,134 shares, valued at €37,628,667.2, while 583,055 shares were sold for €37,424,565.1 [5]. Group 2: Company Overview - Vicat has been a significant player in the mineral and biosourced building materials industry for 170 years and is listed on the Euronext Paris market, part of the SBF 120 Index [3]. - The company aims for carbon neutrality in its value chain by 2050 and operates in three main business lines: Cement, Ready-Mixed Concrete, and Aggregates [3]. - Vicat has a presence in 12 countries, employs nearly 10,000 people, and reported consolidated sales of €3,884 million in 2024 [3].

Group 1 - Oakmark Fund's objective is to deliver capital appreciation by investing in diverse large-cap US companies, with a fourth-quarter 2025 return of 4.78%, outperforming the S&P 500 Index which returned 2.66% [1] - Amrize Ltd (NYSE:AMRZ) is highlighted as a key investment, with a market capitalization of $31.216 billion, closing at $56.44 per share on January 13, 2026, and showing a one-month return of 5.42% and a year-to-date gain of 4.36% [2][3] - Amrize Ltd is a leading producer of building materials, established from Holcim's spin-off, holding strong market positions as the largest cement producer and second-largest commercial roofing products manufacturer in North America, benefiting from pricing power and advantageous regional dynamics [3] Group 2 - Despite Amrize Ltd's potential, it is not among the 30 most popular stocks among hedge funds, with 47 hedge fund portfolios holding its shares at the end of the third quarter, a slight decrease from 48 in the previous quarter [4] - The company is viewed as fundamentally strong but is currently under the radar of most U.S. investors, presenting an opportunity for investment alongside a proven management team focused on unlocking shareholder value [3]

Core Viewpoint - Amrize has agreed to acquire PB Materials Holdings, enhancing its aggregates business and expanding its operations in the high-growth West Texas region [1][2]. Company Overview - Amrize is a leading partner for professional builders in North America, with over 1,000 sites and a revenue of $11.7 billion in 2024 [5]. - PB Materials, formed from three established companies, has a strong regional presence in West Texas and Southeastern New Mexico, focusing on aggregates and ready-mix concrete [6]. Acquisition Details - The acquisition is part of Amrize's growth strategy, adding over 50 years of aggregates reserves and 26 operational sites to its network [2]. - The deal is expected to be EPS and cash accretive by 2026, with PB Materials generating over $180 million in revenues [3]. - The acquisition is anticipated to close in the first half of 2026, subject to customary closing conditions [4]. Strategic Importance - This acquisition will allow Amrize to better serve long-term demand driven by infrastructure, energy projects, and commercial investments in the region [2]. - The leadership of both companies expressed enthusiasm about the merger, highlighting a shared commitment to quality and community service [4].

Core Viewpoint - CRH has announced the acquisition of North American Aggregates, enhancing its aggregates business in New York and New Jersey [1] Group 1: Acquisition Details - The acquisition of North American Aggregates (NAA) is aimed at expanding CRH Americas Materials' aggregates business [1] - NAA is a leading supplier of aggregates based in Perth Amboy, NJ [1] - The acquisition will improve CRH's ability to meet long-term supply needs for customers in the region [1] Group 2: Strategic Benefits - NAA's plant on the New Jersey waterfront will provide valuable new aggregate reserves to the Tilcon NY operations [1] - This strategic move is expected to enhance operational capabilities in the aggregates sector [1]

Core Thesis - Eagle Materials Inc. is positioned to weather downturns in the housing market due to its diversified operations and strong financial discipline, despite current challenges in the gypsum wallboard segment [3][4][5] Company Overview - Eagle Materials Inc. manufactures and sells heavy construction products and light building materials in the United States, with a focus on cement and aggregates [2] - As of November 28th, the company's share price was $223.72, with trailing and forward P/E ratios of 16.49 and 14.08 respectively [1] Market Conditions - The company is facing a challenging housing backdrop, with weak homebuilding activity impacting its gypsum wallboard segment, while cement and aggregates operations are experiencing steady growth [2] - Cement volumes increased by 8%, and a recent acquisition in aggregates contributed to quarter-over-quarter gains, although these were not sufficient to offset declines in wallboard volumes and pricing [2] Financial Resilience - Despite cyclical pressures, Eagle Materials continues to generate solid cash flow, allowing for buybacks, dividends, and strategic reinvestment [3] - The company benefits from ownership of its own gypsum and limestone reserves, providing a structural cost advantage [3] Strategic Opportunities - The current downturn allows management to deploy capital more efficiently as competitors weaken, positioning the company for stronger long-term performance [4] - Maintenance and facility upgrades are expected to enhance Eagle's competitive edge when the housing market rebounds [4] Historical Context - A previous bullish thesis highlighted the company's localized market dominance and vertical integration, although the stock price has depreciated approximately 6.75% since then due to ongoing housing weakness [5] - The investment thesis remains valid as Eagle is structurally advantaged, with emphasis on cyclical pressures and capital deployment opportunities [5]

Financial Communication Agenda - The Vicat Group has announced a revised schedule for its financial communications in 2026, with the full-year 2025 results now set to be released on February 16, 2026, after the market close [1][2] - The quiet period preceding the full-year 2025 results will begin on January 17, 2026 [2] Upcoming Events - Annual General Meeting is scheduled for April 10, 2026 [2] - First-quarter 2026 sales will be reported on May 4, 2026, after the market close, with a quiet period starting on April 19, 2026 [2] - Half-year 2026 results are set for July 29, 2026, after the market close, with a quiet period beginning on June 29, 2026 [2] - Nine-month 2026 sales will be announced on November 5, 2026, after the market close, with a quiet period starting on October 21, 2026 [2] Company Overview - Vicat has been a significant player in the mineral and biosourced building materials industry for 170 years and is listed on the Euronext Paris market as part of the SBF 120 Index [4] - The company is primarily controlled by the founding Merceron-Vicat family and aims for carbon neutrality in its value chain by 2050 [4] - Vicat operates in three main business lines: Cement, Ready-Mixed Concrete, and Aggregates, and is present in 12 countries with nearly 10,000 employees [4] - The company generated consolidated sales of €3,884 million in 2024 and is focused on developing a circular economy model to reduce the environmental impact of the construction industry [4]