Martin Marietta posts lower quarterly profit, forecasts weak 2026 sales

Feb 11 (Reuters) - Martin ‌Marietta Materials ​forecast ​weak annual sales on Wednesday, after reporting a fall in ‌its fourth-quarter profit, as the building material ⁠company navigates higher costs.

Shares of the company ‌fell about 3% in ‌premarket trading following the results.

An artificial-intelligence-led push to build more data centers, alongside ​energy and infrastructure projects, has supported aggregates demand, nudging shipments up 2% ⁠in the quarter and prices over 5%.

Still, higher costs of ​fuel, energy, raw materials and equipment in an inflationary environment, coupled with ​acquisition charges, weighed on ‌its earnings.

"Accelerating momentum in data centers and energy to offset ⁠continued softness in private nonresidential and residential construction," Martin Marietta CEO Ward Nye said.

The ⁠company forecast 2026 revenue between $6.42 billion and $6.78 billion, below ​analysts' estimate of $6.86 billion, according to data compiled by LSEG.

Its overall revenue in the fourth quarter ‌rose 9% to $1.53 billion from a year earlier.

Martin Marietta's quarterly ‌net earnings fell to $279 million, or $4.62 per ⁠share, from $294 million, ‌or $4.79 per share, ​a year ago.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shreya ‌Biswas)

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