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EarningsQ2 2026 Earnings Report
MLM Q2 2026 EPS Results
Actual EPS$5.00
Consensus EPS$4.76
Beat/MissBeat by +$0.24
One Year Ago EPS$5.43
MLM Q2 2026 Revenue Results
Actual Revenue$1.95B
Expected Revenue$1.87B
Beat/MissBeat by +$76.92M
YoY Revenue Growth+7.51%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MLM Upcoming Earnings
Martin Marietta Materials's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MLM Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple substantive achievements—record revenues and adjusted EBITDA, organic volume and mix-adjusted pricing gains, strong Specialties performance, successful acquisitions (NFM) and a transformational planned combination with Lhoist—alongside disciplined capital allocation and identified $350 million of run-rate cash opportunities. Offsetting challenges include headline ASP dilution from recent acquisitions, noncash purchase accounting charges ($52M inventory step-up and higher DD&A), elevated energy and freight costs (noted 150 bps freight headwind and a multi-million dollar energy impact), and weather/residential softness that affected some regional volumes. Management raised revenue guidance, reaffirmed EBITDA, and presented a credible plan to integrate acquisitions and delever within 24 months, signifying confidence in long-term prospects despite near-term cost and mix headwinds.Company Guidance
Record Quarterly Results
Delivered record second-quarter revenues and adjusted EBITDA; core aggregates revenue reached $1.5 billion, up 16% year-over-year.
Shipment and Volume Growth
Total shipments increased 17% to 61.6 million tons (includes acquisitions); organic shipments rose 2.3% year-over-year, marking the fourth consecutive quarter of organic volume growth.
Strong Organic Pricing and Margins (mix-adjusted)
Average selling prices decreased 2% headline but increased 3.7% on an organic mix-adjusted basis; organic gross profit up ~4.3% and adjusted cash gross profit up 15% year-over-year after certain adjustments.
Specialties Business Record Performance
Specialties delivered record quarterly revenues of $152 million and gross profit of $50 million; Woodville lime plant saw ASPs rise ~4% (5% mix-adjusted), shipments +1% and gross profit +7% year-over-year to a record.
Raised Revenue Guidance and Reaffirmed EBITDA
Full-year revenue guidance increased to $7.2 billion–$7.4 billion; reaffirmed adjusted EBITDA from continuing operations guidance of $2.36 billion–$2.50 billion. First-half adjusted EBITDA exceeded $1 billion (record).
Strategic M&A and Portfolio Actions
Closed New Frontier Materials (NFM) acquisition (bolt-on to Central Division) and announced transformational planned combination with Lhoist North America (LNA) to broaden specialties/lime exposure and diversify end markets.
Operational and Cash-Generation Initiatives
Identified approximately $350 million of run-rate pretax cash flow improvement opportunities (OpEx, working capital, sustaining CapEx); year-to-date inventory management and CapEx reductions unlocked more than $200 million of cash flow benefits.
Commercial & Safety Execution
Completed enterprise-wide rollout of Precise IQ mobile quoting and pricing algorithm to improve pricing precision and responsiveness; delivered best first-half safety performance in company history (total injury and lost time incident rates).
Disciplined Capital Allocation
Divested >$525 million of EBITDA from cement and ready-mix assets since 2022 and redeployed proceeds into higher-margin aggregates and specialties; expect ~10% adjusted EBITDA CAGR over the five-year period ending 2026 and plan to delever back to target within 24 months post LNA close.
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