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Martin Marietta Materials (MLM)
NYSE:MLM
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.64Last Year’s EPS
$4.63Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -9.83%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
Despite significant weather-related challenges impacting financial results and leading to a revision of EBITDA guidance, Martin Marietta demonstrated strong operational resilience with record safety metrics, financial performance in specific segments, and strategic acquisitions positioning the company for future growth.Company Guidance
During Martin Marietta's third quarter 2024 earnings call, the company revised its full-year adjusted EBITDA guidance to $2.07 billion at the midpoint, citing disruptions due to extreme weather events that impacted project timelines and financial results. Despite these challenges, the company reported several record achievements, including a quarterly aggregates gross profit per ton of $8.16 and record third-quarter revenues and gross profit in its Magnesia Specialties business. The company also highlighted its strategic acquisitions in South Florida and Southern California, which are expected to enhance gross profit contributions from its aggregates product line. Looking ahead to 2025, Martin Marietta anticipates a low single-digit increase in overall aggregate shipments and a mid- to high single-digit increase in aggregates pricing, supported by favorable market trends and ongoing public construction activities.Record Safety Incident Rates
Achieved the best year-to-date safety incident rates in company history, including newly acquired businesses.
Record Financial Metrics
Record quarterly aggregates gross profit per ton of $8.16 and record third quarter cash flows from operations of $601 million, a 32% increase.
Strategic Acquisitions
Acquired pure aggregate assets in South Florida and Southern California, enhancing gross profit contribution and business durability.
Positive Outlook for 2025
Expectations for low single-digit increase in aggregate shipments and mid- to high single-digit pricing increase in 2025.
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MLM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MLM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $583.11 | $604.05 | +3.59% |
| Aug 08, 2024 | $536.79 | $537.47 | +0.13% |
| Apr 30, 2024 | $600.18 | $584.67 | -2.58% |
| Feb 14, 2024 | $524.42 | $536.57 | +2.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Martin Marietta Materials (MLM) report earnings?
Martin Marietta Materials (MLM) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Martin Marietta Materials (MLM) earnings time?
Martin Marietta Materials (MLM) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLM EPS forecast?
MLM EPS forecast for the fiscal quarter 2024 (Q4) is $4.64.
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