Martin Marietta reports Q3 EPS $6.85, consensus $6.68

Reports Q3 revenue $1.85B, consensus $2.06B. CEO Ward Nye stated, “Martin Marietta (MLM) delivered outstanding Q3 results, led by record-setting performance in our aggregates business, which achieved all-time quarterly records for revenues, gross profit, gross profit per ton and gross margin, underscoring the efficacy of our SOAR plan and the compounding benefits of diligently executing our aggregates-led product strategy…Given our strong year-to-date performance and current aggregates shipment trends, we are raising our full-year 2025 guidance for Consolidated Adjusted EBITDA to $2.32B at the midpoint. More broadly, our Q3 and year-to-date performance provides a meaningful indication of likely future outcomes…While near-term residential demand remains subdued, moderating mortgage rates suggest a gradual path toward normalization. As product demand within these sectors collectively gain traction, Martin Marietta is well-positioned to capitalize on the positive opportunities with precision and discipline…With an attractive geographic footprint, a clear trajectory for continued growth rooted in operational excellence and disciplined execution of a proven strategy, we remain confident in our ability to deliver industry-leading performance and generate enduring shareholder value.”