Martin Marietta Materials Inc

Latest Results (24.10.2025):

Martin Marietta Materials Inc. reported strong financial results for the fourth quarter of 2024, demonstrating a return to earnings growth and margin expansion despite challenging market conditions. The company achieved record full-year revenues, gross profit, and unit profitability, driven by strategic acquisitions and portfolio optimization.

Revenue and Profit Growth

For the fourth quarter ended December 31, 2024, Martin Marietta reported revenues of $1.632 billion, marking a 1% increase compared to the same period in 2023. Gross profit rose by 1% to $489 million, while earnings from operations surged by 8% to $399 million. Net earnings from continuing operations attributable to Martin Marietta increased by 2% to $294 million.

Adjusted EBITDA and Earnings Per Share

Adjusted EBITDA for the fourth quarter grew by 8% to $545 million. Earnings per diluted share from continuing operations saw a 3% increase, reaching $4.79 compared to $4.63 in the prior-year quarter.

Aggregates Performance

The aggregates segment shipped 47.9 million tons in the fourth quarter, a 3% increase year-over-year. The average selling price per ton rose by 9% to $21.95, and gross profit per ton increased by 12% to $7.92, contributing to a 33% gross margin, both of which are fourth-quarter records.

Strategic Acquisitions and Portfolio Optimization

In the fourth quarter, Martin Marietta completed strategic acquisitions in Florida, Southern California, and Texas, enhancing its aggregates portfolio. These bolt-on acquisitions have strengthened the company's market position and improved profitability.

Cash Flow and Shareholder Returns

Cash provided by operating activities for the fourth quarter was $685 million, a 23% increase from the previous year. For the full year, the company returned $639 million to shareholders through dividends and share repurchases. Martin Marietta maintains a strong liquidity position with $670 million in cash and cash equivalents and $1.2 billion of unused borrowing capacity.

Outlook for 2025

Martin Marietta projects full-year 2025 Adjusted EBITDA between $2.15 billion and $2.35 billion, reflecting a 9% improvement over the prior year. The company remains confident in its strategic initiatives and its ability to generate sustainable earnings growth.