Martin Marietta Materials (NYSE: MLM) reported Q4 EPS of $0.94, $0.12 better than the analyst estimate of $0.82. Revenue for the quarter came in at $779.5 million versus the consensus estimate of $772.78 million.

FULL-YEAR 2015 OUTLOOK

The Company is encouraged by positive trends in its business and markets, notably:

• Nonresidential construction is expected to increase in both the heavy industrial and commercial sectors. The Dodge Momentum Index is at its highest level since 2009 and signals continued growth.
• Energy-related economic activity, including follow-on public and private construction activities in our primary markets, is anticipated to remain strong.
• Residential construction is expected to continue to grow, driven by historically low levels of construction activity over the previous several years, employment gains, low mortgage rates, significant lot absorption, higher multi-family rental rates and rising housing prices.
• For the public sector, authorized highway funding from MAP-21 should remain stable compared with 2014. Additionally, state initiatives to finance infrastructure projects, including support from TIFIA, are expected to grow and continue to play an expanded role in public-sector activity.

Based on these trends and expectations, the Company anticipates the following for full-year 2015:

• Aggregates end-use markets compared to 2014 levels are as follows:
  • Infrastructure market to increase mid-single digits.
  • Nonresidential market to increase in the high-single digits.
  • Residential market to experience a double-digit increase.
  • ChemRock/Rail market to remain relatively flat.
• Aggregates product line shipments to increase by 10% to 12% compared with 2014 levels.
  • Heritage aggregates shipments to increase 4% to 7%
  • Shipments from acquired TXI operations to more than double, reflecting a full year of ownership
• Aggregates product line pricing to increase by 4% to 6% compared with 2014.
• Aggregates product line production cost per ton shipped to decline slightly.
• Aggregates-related downstream product lines to generate between $875 million and $925 million of net sales and $65 million to $70 million of gross profit.
• Net sales for the Cement segment to be between $475 million and $500 million, generating $120 million to $130 million of gross profit.
• Net sales for the Magnesia Specialties segment to be between $240 million and $250 million, generating $85 million to $90 million of gross profit.
• SG&A expenses as a percentage of net sales to be less than 6.0%, despite an $18 million increase in heritage pension costs, primarily as a result of a lower discount rate.
• Interest expense to approximate $75 million to $80 million.
• Estimated effective income tax rate to approximate 32%, excluding discrete events.
• Consolidated earnings before interest expense, income tax expense, depreciation, depletion and amortization expense (EBITDA) to range from $825 million to $875 million.
• Capital expenditures to approximate $320 million, including $35 million of synergy-related capital and $80 million for the continued development of the new Medina limestone quarry outside of San Antonio. The Medina quarry is rail connected and will be able to ship aggregates products to South Texas, including Houston.

For earnings history and earnings-related data on Martin Marietta Materials (MLM) click here.