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MLM

Martin Marietta Materials Q1 2025 – Revenues Up 8%, Net Earnings Plummet 89%

Martin Marietta Materials, Inc. (NYSE: MLM) has reported its first-quarter 2025 results, showcasing a significant increase in various key metrics. The company's revenues for the first quarter of 2025 stood at $1.353 billion, representing an 8% increase from the same period in 2024. The gross profit for the quarter was $335 million, marking a substantial 23% increase from the previous year.

Earnings from operations for the first quarter of 2025 were reported at $194 million, a notable decrease of 86% from the first quarter of 2024. Similarly, net earnings attributable to Martin Marietta plummeted by 89% to $116 million. Adjusted EBITDA for the quarter was $351 million, reflecting a 21% increase from the first quarter of 2024. Earnings per diluted share for the first quarter of 2025 were $1.90, down by 89% from the same period last year.

In terms of the aggregates product line, shipments increased by 7% to 39.0 million tons, and the average selling price per ton rose by 7% to reach $23.77. Consequently, revenues from the aggregates product line surged by 13% to $1.002 billion. The gross profit from aggregates also saw significant growth, reaching $297 million, a 24% increase from the first quarter of 2024. Notably, the gross profit per ton for aggregates soared by 16% to $7.60.

The magnesia specialties business segment also delivered exceptional results, achieving quarterly records for revenues and gross profit, which amounted to $87 million and $38 million, respectively.

Cash provided by operating activities for the first quarter of 2025 was $218 million, up from $172 million for the same period in 2024. The company returned $499 million to shareholders through dividend payments and share repurchases during the first quarter of 2025.

Looking ahead, the company's full-year 2025 guidance remains unchanged, with estimated consolidated revenues ranging between $6.83 billion and $7.23 billion. The company expects its net earnings attributable to Martin Marietta to fall within the range of $1.005 billion to $1.175 billion and adjusted EBITDA to range from $2.15 billion to $2.35 billion for the full year.

Today the company's shares have moved 0.5% to a price of $507.15. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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