Reports Q1 revenue $1.35B, consensus $1.34B. Ward Nye, Chair and CEO of Martin Marietta (MLM), stated, “The first three months are off to a strong start with our teams delivering several first-quarter records, including consolidated gross profit, gross margin, Adjusted EBITDA and Adjusted EBITDA margin. Aggregates gross profit per ton increased over 16 percent to a new first-quarter record, reflecting continued pricing momentum and effective cost management. Additionally, our Magnesia Specialties business established new quarterly records for revenues, gross profit and gross margin, building upon its record full-year 2024 results.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLM:
- MLM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Martin Marietta price target lowered to $545 from $575 at BofA
- Martin Marietta price target lowered to $561 from $622 at Morgan Stanley
- Morgan Stanley Says These 2 Sectors Can Weather Market Volatility — and Suggests 2 Stocks to Bet On
- Hold Rating for Martin Marietta Materials Amid Management Changes and Market Uncertainties